RNS Number:3419H
Metage Special Emerging Markets Fnd
11 February 2003


                     Statement of Estimated Net Asset Value



The Metage Special Emerging Markets Fund Limited announces that at the close of
business on the 7th of January, 2003:

The Undiluted estimated NAV per ordinary share was USD 27.37

The Fully Diluted estimated NAV per ordinary share was USD 25.37

The next NAV will be for close of business 14th February 2003.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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