The Swiss Helvetia Fund, Inc. Announces Expiration and Preliminary Results of Tender Offer of ~5% of Float

The Swiss Helvetia Fund, Inc.

announced the expiration and preliminary results of the Fund's tender offer for up to 1,530,131 of its shares of common stock, representing approximately 5% of its issued and outstanding shares. The Offer expired at 5:00 p.m., Eastern Time, on June 30, 2011. Based upon current information, approximately 15,059,832 shares of common stock, or approximately 49% of the Fund's common stock outstanding, were tendered through the Expiration Date, including shares tendered pursuant to notices of guaranteed delivery. These numbers are subject to adjustment and should not be regarded as final. No more than a total of 1,530,131 properly tendered shares will be accepted in exchange for cash, at a price equal to 98% of the Fund's net asset value ("NAV") per share as determined by the Fund today, July 1, 2011. The Fund's NAV is calculated daily by 6:15 p.m. Eastern Time, and generally by 4:45 p.m. Eastern Time on each day during which the New York Stock Exchange is open for trading. The final number of shares validly tendered and accepted pursuant to the Offer and the Offer price per share will be announced at a later date.