RNS Number:1368I
Schroder Emerging Countries Fd PLC
28 February 2003

FOR IMMEDIATE RELEASE                                   28-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 26th February 2003 was 53.87
pence.


The diluted net asset value as at Wednesday 26th 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


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

NAVXVLFLXLBXBBD