AGREEMENTBoard Agreement • June 19th, 2002 • France Growth Fund Inc
The Board of Directors (the "Board") of the France Growth Fund (the "Fund") has decided that it will initiate a tender offer assuming that Proposals 1 through 5 are adopted by stockholders at the Annual Meetings of Stockholders on June 18, 2002 or any adjournment thereof, along the lines set forth in the attached draft press release. The Board and Bankgesellschaft Berlin AG (the "Bank") hereby agree that the Bank will vote in favor of the management slate set forth under Proposal 6 in the proxy statement of the Fund and against the shareholder Proposal set forth under Item 7 of that proxy statement.
