RNS Number:2795L
Metage Special Emerging Markets Fnd
19 May 2003

The Metage Special Emerging Markets Fund Limited announces that at the close of
business on the 16th of May, 2003:

The Undiluted estimated NAV per ordinary share was USD 29.87

The Fully Diluted estimated NAV per ordinary share was USD 27.48

The next NAV will be for close of business 23rd May 2003


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