RNS Number:2048N
Schroder Emerging Countries Fd PLC
04 July 2003


FOR IMMEDIATE RELEASE       04-Jul-03


To : The London Stock Exchange

Schroder Emerging Countries Fund plc


The Board of the Schroder Emerging Countries Fund plc announces that the
unaudited net asset value per share as at Wednesday 2nd July 2003 was 62.27 pence.

The above-mentioned net asset value does not take account of the costs of the
proposed reconstruction.

The diluted net asset value as at Wednesday 2nd July 2003 is not released as it
is higher than the undiluted net asset value.


By Order of the Board

Schroder Investment Management Limited

Secretaries

Enquiries :             Stephen Cunningham 020 7658 3287
                        Schroder Emerging Countries Fund plc

                      This information is provided by RNS
            The company news service from the London Stock Exchange
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