RNS Number:9961K
Schroder Emerging Countries Fd PLC
12 May 2003


FOR IMMEDIATE RELEASE                                   12-May-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 7th May 2003 was 
57.46 pence.


The diluted net asset value as at Wednesday 7th May 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


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