Press Releases

Declares ordinary income dividend and long term capital

THE SWISS HELVETIA FUND, INC. DECLARES ORDINARY INCOME DIVIDEND AND LONG TERM CAPITAL GAIN DISTRIBUTION

12/07/2004

The Board of Directors of The Swiss Helvetia Fund, Inc., a closed-end investment company, announced today the declaration of an ordinary income dividend in the amount of $0.243 per share derived from short-term capital gains and a long-term capital gain distribution in the amount of $0.474 per share. The distribution will be paid on January 21, 2005 in the form of stock, with a cash option, to stockholders of record on December 17, 2004. The shares will trade "ex-dividend" on December 15, 2004.

The Fund is a non-diversified, closed-end investment company whose objective is to seek long-term capital appreciation through investment in equity and equity-linked securities of Swiss companies. The Fund is managed by Hottinger Capital Co. and is listed on the New York Stock Exchange under the symbol SWZ.

For further information regarding the Fund, please contact Rudolf Millisits, Executive Vice President of Hottinger Capital Corp. at 1-888-SWISS-00 or (212) 332-2760, 1270 Avenue of the Americas, Suite 400, New York, New York, 10020.