RNS Number:7516J
Metage Special Emerging Markets Fnd
07 April 2003

The Metage Special Emerging Markets Fund Limited announces that at the close of
business on the 31st of March, 2003:

The Undiluted estimated NAV per ordinary share was USD 26.77.

The Fully Diluted estimated NAV per ordinary share was USD 24.87.

The next NAV produced will be for close of business on 4th April 2003.








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