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NOTICE OF GUARANTEED DELIVERY
REGARDING THE OFFER BY
THE EMERGING MARKETS TELECOMMUNICATIONS FUND, INC.
TO PURCHASE FOR CASH 1,902,606 OF ITS ISSUED AND OUTSTANDING SHARES
AT 95% OF THE NET ASSET VALUE PER SHARE
This form must be used to accept the Offer (as defined below) if a
shareholder's certificates for Shares are not immediately available or if time
will not permit the Letter of Transmittal and other required documents to reach
the Depositary on or before the Expiration Date. Each term used in this form
that is not otherwise defined herein shall have the meaning specified in the
Offer to Purchase dated October 24, 2001. This form may be delivered by hand,
overnight courier or mail to the Depositary at the appropriate address set forth
below and must bear original signatures (not photocopies or facsimiles). Tenders
using this form may be made only by or through an Eligible Institution as
defined in Section 4(b) of the Offer to Purchase.
The Depositary:
Equiserve Trust Company, N.A.
Depositary Addresses:
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By First Class Mail: By Registered, By Hand:
Certified or
Express Mail or
Overnight Courier:
EquiServe Trust EquiServe Trust Securities Transfer &
Company, N.A. Company, N.A. Reporting Services, Inc.
Attn: Corporate Actions Attn: Corporate Actions c/o Equiserve Trust
P.O. Box 43025 40 Campanelli Drive Company, N.A.
Providence, RI 02940-3025 Braintree, MA 02184 100 William Street, Galleria
New York, NY 10038
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DEPOSITARY FACSIMILE NUMBER: (781) 575-4286
DEPOSITARY TELEPHONE NUMBER TO CONFIRM RECEIPT OF NOTICES ONLY: (781) 575-4816
DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER
THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE VALID DELIVERY.
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Ladies and Gentlemen:
The undersigned hereby tenders to The Emerging Markets Telecommunications
Fund, Inc. (the "Fund"), upon the terms and subject to the conditions set forth
in its Offer to Purchase dated October 24, 2001 and the related Letter of
Transmittal (which together with any amendments or supplements thereto
collectively constitute the "Offer"), receipt of which are hereby acknowledged,
(i) the number of Shares specified below pursuant to the guaranteed delivery
procedures set forth in Section 4(d) of the Offer to Purchase and (ii) all
Shares held in the name(s) of the registered holder(s) by the Fund's transfer
agent pursuant to the Fund's Dividend Reinvestment Plan.
(Please Print Except for Signature(s))
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Number of Shares Tendered:
Certificate Nos. (if available): Name(s) of Record Holder(s):
- -------------------------------------------- --------------------------------------------
- -------------------------------------------- --------------------------------------------
If Shares will be tendered by book-entry
transfer to The Depository Trust Company,
please check box: / /
DTC Participant Number:
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Telephone Number, including Area Code:
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Dated: ------------, 2001 Signature(s)
Individual(s): Entity:
- -------------------------------------------- --------------------------------------------
- -------------------------------------------- --------------------------------------------
Name of Firm:
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Authorized Signature:
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Name:
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Title:
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GUARANTEE
The undersigned, an Eligible Institution as defined in Section 4(b) of the
Offer to Purchase, hereby, with respect to the Shares tendered hereby pursuant
to the guaranteed delivery procedures set forth in Section 4(d) of the Offer to
Purchase: (a) represents that the person(s) named on the previous page "own(s)"
such Shares within the meaning of Rule 14e-4 under the Securities Exchange Act
of 1934, as amended; (b) represents that the tender of such Shares complies with
Rule 14e-4; and (c) guarantees to deliver to the Depositary certificates
representing such Shares, in proper form for transfer (or to tender Shares
pursuant to the procedure for book-entry transfer into the Depositary's account
at The Depository Trust Company if so specified on the foregoing page), together
with a properly completed and duly executed Letter of Transmittal with any
required signature guarantees and any other required documents prior to
5:00 P.M. Eastern Time on the third New York Stock Exchange trading day after
the date of execution of this Guarantee.
(Please Print Except for Signature)
Name of Firm:
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Authorized Signature:
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Name:
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Title:
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Address:
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(Include Zip Code)
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Telephone Number, including Area Code
Dated:
- --------, 2001