RNS Number:4159H
Schroder Emerging Countries Fd PLC
12 February 2003



12 February 2003



RNS

Old Broad Street

London

EC2N 1HP



Dear Sirs


                    Substantial Share Interest Notification




We are writing to advise you that the Company was informed on 12 February 2003
that, following a purchase of 700,000 ordinary shares on 11 February 2003,
Advance Developing Markets Trust plc has a total interest in 9,854,980 ordinary
shares representing 10.46% of the shares in issue. The holding is registered in
the name of Nortrust Nominees Limited a/c ADM.



Yours faithfully,

John Spedding

For Schroder Investment Management Limited

Secretaries








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