RNS Number:6222T
Metage Special Emerging Markets Fnd
23 December 2003



The Metage Special Emerging Markets Fund Limited announces that at the close of
business on the 19th of December, 2003 :-

The Undiluted estimated NAV per ordinary share was USD 48.53

The Fully Diluted estimated NAV per ordinary share was USD 43.17

The next NAV produced will be for close of business on 31st December 2003.


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

NAVPUGRAPUPWGCW