RESULTS OF ANNUAL MEETING OF SHAREHOLDERS (UNAUDITED)
On April 28, 2000, the annual meeting of shareholders of The Portugal Fund,
Inc. (The "Fund") was held and the following matters were voted upon:
(1) To elect two directors to the Board of Directors of the Fund.
Name of Director For Withheld Non-Votes
Scott B. Rogers 3,571,592 326,425 819,299
Glenn W. Wilcox 3,573,266 324,751 819,299
(2) To ratify the selection of PricewaterhouseCoopers LLP as independent public
accountants for the year ending December 31, 2000.
For Against Abstain Non-Votes
3,856,625 30,366 11,026 819,299
