RNS Number:5319M
Schroder Emerging Countries Fd PLC
19 June 2003



                                                                    19 June 2003




                    Substantial Share Interest Notification


We are writing to advise you that the Company was notified on 19 June 2003 that
Bear, Stearns International Trading Limited has an interest in 3,231,310
ordinary shares in the Company representing 3.43% of the shares in issue.



Enquiries:

John Spedding

Schroder Investment Management Limited

Tel: 020 7658 3206



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