RNS Number:7218I
Schroder Emerging Countries Fd PLC
13 March 2003

FOR IMMEDIATE RELEASE                                   13-Mar-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 March 2003 was 50.26 pence.


The diluted net asset value as at Wednesday 12th March 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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