RNS Number:3889U
Metage Special Emerging Markets Fnd
19 January 2004

The Metage Special Emerging Markets Fund Limited announces that at the close of
business on the 16th of January, 2004:-

The Undiluted estimated NAV per ordinary share was USD 53.43

The Fully Diluted estimated NAV per ordinary share was USD 47.29

The next NAV produced will be for close of business on 23rd January 2004


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