RNS Number:7063K
Schroder Emerging Countries Fd PLC
02 May 2003

FOR IMMEDIATE RELEASE                                   02-May-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 30th April 2003 was 55.85 
pence.

The diluted net asset value as at Wednesday 30th April 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

NAVQLLFBXEBEBBD