COMPANY ANNOUNCEMENT

Genesis Emerging Markets Fund Limited

28th April, 2003

The  Directors of Genesis Emerging Markets Fund Limited wish to announce
that the address of the Registered Office of the Company has changed  to
the following:

Arnold House
St Julian's Avenue
St Peter Port
Guernsey
GY1 3NF

Enquiries :
Genesis Investment Management Limited   Martyn Ryan
                                        Phone + 44 (0) 20 7201 7200