RNS Number:9371M
Schroder Emerging Countries Fd PLC
30 June 2003

FOR IMMEDIATE RELEASE                                   30-Jun-03


To : The London Stock Exchange


Schroder Emerging Countries Fund plc



The Board of the Schroder Emerging Countries Fund plc announces that the
unaudited net asset value per share as at Wednesday 25th June 2003 was 60.03 
pence.


The above-mentioned net asset value does not take account of the costs of the
proposed reconstruction.


The diluted net asset value as at Wednesday 25th June 2003 is not released as it
is higher than the undiluted net asset value.




By Order of the Board

Schroder Investment Management Limited

Secretaries



Enquiries :                              Stephen Cunningham 020 7658 3287


Schroder Emerging Countries Fund plc


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