Recruiting in China

NEW YORK--(BUSINESS WIRE)--Feb. 27, 2006--The Taiwan Greater China Fund (NYSE:TFC), a diversified closed-end investment company registered in the United States, today announced that its Board of Trustees has appointed Frederick C. Copeland, Jr. as Vice Chairman. Mr. Copeland has been a Trustee of the Fund since May 2004.

From 1995 to 2001, Mr. Copeland served as President, Chief Executive Officer and Chief Operating Officer of Aetna International, where he was responsible for all of Aetna's insurance and financial services activities outside the United States and was a member of Aetna's CEO Management Committee. He left Aetna following the company's acquisition by ING at the end of 2000.

Prior to joining Aetna, Mr. Copeland headed the Connecticut operations of Fleet Bank for two years. Mr. Copeland began his banking career at Citibank in 1967 and spent 25 years there, during which period he held various executive positions that included acting as President and Chief Executive Officer of Citibank Canada from 1987 to 1993. He served as Citibank's Taiwan Country Head from 1983 to 1987, at which time Citibank's assets in Taiwan exceeded those of any other foreign bank.

Mr. Copeland has also been the Vice Chairman of Far East National Bank (FENB) since 2005. Based in Los Angeles, California, FENB was founded in 1974 as the first federally chartered Asian American bank in the United States, and became a wholly owned subsidiary of Taiwan's Bank SinoPac in 1997.

The Taiwan Greater China Fund is listed and publicly traded in the United States. The Fund is organized for investment in securities of Taiwan issuers by non-Taiwan investors and follows an investment strategy of primarily investing in Taiwan listed companies that derive or expect to derive a significant portion of their revenues from operations in or exports to mainland China.

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