Press Releases

Receives Lipper Award for ranking number one among Western European closed-end funds in one-year performance

THE SWISS HELVETIA FUND, INC. RECEIVES LIPPER AWARD FOR RANKING NUMBER ONE AMONG WESTERN EUROPEAN CLOSED -END FUNDS IN ONE-YEAR PERFORMANCE

04/24/2006

The Board of Directors of The Swiss Helvetia Fund, Inc. (the "Fund") (NYSE: SWZ), a closed-end investment company, announced today that the Fund has earned the Lipper award for ranking number one among Western European closed-end funds in the oneyear period ending December 31, 2005. The Fund had previously achieved this ranking for one-year performance in 2000 and also had ranked number one among Western European closed-end funds in 10-year performance for the periods ended December 31, 2002, 2001, 2000, 1999 and 1998. Past performance is not a guarantee of future results. 

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 Corp. ("HCC"), and its shares are listed on the New York Stock Exchange under the symbol SWZ. The Lipper Fund Awards are presented annually to only one fund within each Lipper classification. The award is based on Lipper's definition of "cumulative total return." 

ABOUT LIPPER

As of December 31, 2005, there were six funds in the Lipper Western European closedend fund category, which is comprised of funds that concentrate their investments in equity securities whose primary trading markets or operations are in the Western European region or a single country within this region.

Lipper, a wholly owned subsidiary of Reuters, is a leading global provider of mutual fund information and analysis to fund companies, financial intermediaries, and media organizations. Lipper clients manage more than 95% of U.S. fund assets. The firm, founded in 1973 and headquartered in New York, tracks 125,000 funds worldwide through its offices in major financial capitals in North America, Europe, and Asia. Lipper is not affiliated with the Fund or HCC. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Users acknowledge that they have not relied upon any warranty, condition, guarantee, or representation made by Lipper. Any use of the data for analyzing, managing, or trading financial instruments is at the user's own risk. 

This is not an offer to buy or sell securities. The Fund's investment objective, risks and expenses must be considered carefully before investing. For further information regarding the Fund, please contact Rudolf Millisits, Executive Vice President of HCC at 1-888-SWISS-00 or (212) 332-2760, 1270 Avenue of the Americas, Suite 400, New York, New York, 10020.