RNS Number:5192H
Schroder Emerging Countries Fd PLC
14 February 2003

FOR IMMEDIATE RELEASE  14-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 12th February 2003 was 
52.84 pence.

The diluted net asset value as at Wednesday 12th 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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