RNS Number:2979H
Schroder Emerging Countries Fd PLC
10 February 2003

FOR IMMEDIATE RELEASE  10-Feb-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 5th February 2003 was 
53.09 pence.

The diluted net asset value as at Wednesday 5th February 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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