RNS Number:5498M
Schroder Emerging Countries Fd PLC
19 June 2003



                                                                    19 June 2003


                    Substantial Share Interest Notification

We are writing to advise you that the Company was notified on 19 June 2003 that,
following a disposal of 1,650,000 shares on 12 June 2003 and 500,000 shares on
17 June 2003, Rio Tinto Pension Investments Limited no longer has a notifiable
interest in the ordinary shares of the Company.


Enquiries:

John Spedding

Schroder Investment Management Limited

Tel: 020 7658 3206



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