RNS Number:5472O
Metage Special Emerging Markets Fnd
11 August 2003


The Metage Special Emerging Markets Fund Limited announces that at the close of
business on the 8th August, 2003 :-

The Undiluted estimated NAV per ordinary share was USD 39.96.

The Fully Diluted estimated NAV per ordinary share was USD 33.44.

The next NAV produced will be for close of business on 15th August 2003.


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