RNS Number:8895N
Schroder Emerging Countries Fd PLC
23 July 2003

                                                                    23 July 2003


                    Extraordinary Meeting of Warrantholders

The Board of Directors announces that at an extraordinary general meeting of the
Company's warrantholders held earlier today, such meeting having been adjourned
from Wednesday 16 July 2003, an extraordinary resolution seeking approval for
the reconstruction of the Company on the terms and conditions set out in the
Company's circular dated 20 June 2003 was duly passed.

An extraordinary general meeting of the Company's shareholders will be held at
9.00 a.m. on 25 July 2003. At this meeting a special resolution will be proposed
for the immediate voluntary winding-up of the Company and the appointment of
liquidators, and an extraordinary resolution will also be proposed to confer
appropriate powers on the liquidators.


Enquiries:

John Spedding
Schroder Investment Management Limited
Tel: 020 7658 3206


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