RNS Number:2339L
Schroder Emerging Countries Fd PLC
16 May 2003

FOR IMMEDIATE RELEASE                                   16-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 14th May 2003 was 56.89 
pence.

The diluted net asset value as at Wednesday 14th 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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