RNS Number:5777L
Metage Special Emerging Markets Fnd
27 May 2003

The Metage Special Emerging Markets Fund Limited announces that at the close of
business on the 23rd of May, 2003

The Undiluted estimated NAV per ordinary share was USD 30.47

The Fully Diluted estimated NAV per ordinary share was USD 27.98

The next NAV will be for close of business 30th May 2003


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