RNS Number:0293L
Metage Special Emerging Markets Fnd
13 May 2003




The Metage Special Emerging Markets Fund Limited announces that at the close of
business on the 9th of May, 2003:

The Undiluted estimated NAV per ordinary share was USD 29.35

The Fully Diluted estimated NAV per ordinary share was USD 27.03

The next NAV will be for close of business 9th May 2003


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

NAVGUUAWAUPWGWW