RNS Number:2913T
Metage Special Emerging Markets Fnd
15 December 2003

The Metage Special Emerging Markets Fund Limited announces that at the close of
business on the 12th of December, 2003 :-

The Undiluted estimated NAV per ordinary share was USD 48.43

The Fully Diluted estimated NAV per ordinary share was USD 43.09

The next NAV produced will be for close of business on 19th December 2003.


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