RNS Number:4670N
Schroder Emerging Countries Fd PLC
11 July 2003

FOR IMMEDIATE RELEASE                                   11-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 9th July 2003 was 65.16 
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 9th 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
END

NAVXFLFFXDBEBBK