RNS Number:4463O
Metage Special Emerging Markets Fnd
07 August 2003

The Metage Special Emerging Markets Fund Limited announces that at the close of
business on the 31st July 2003 :-

The Undiluted estimated NAV per ordinary share was USD 36.52

The Fully Diluted estimated NAV per ordinary share was USD 33.06

The next NAV produced will be for close of business on 8th August 2003.


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