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N. Srinivasan, ACC Finance Committee Chairman and Thusith Perera, ACC Finance Manager

With the postponement of the 2006 Asia Cup, member countries did not receive any financial assistance from the ACC last year. It was subsequently decided at the 2006 AGM to grant US$1.5 million to all non- Test playing countries to allow them to fulfill their scheduled development programs. The above amount was funded from 2004 Asia Cup revenues.

After satisfying certain conditions, each country will receive a base amount of $42,000, with the seven full members (Hong Kong, Kuwait, Malaysia, Nepal, Singapore, Thailand, UAE) receiving an extra $30,000. Subsequent amounts are awarded on the basis of ACC tournament performance and the meeting of governance criteria.

Filed June 22 2007

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