RNS Number:2977Q
Metage Special Emerging Markets Fnd
21 January 2002


                  STATEMENT OF ESTIMATED NET ASSET VALUE

The Metage Special Emerging Markets Fund Limited announces that at the close
of business on 18th January, 2002

The Undiluted estimated NAV per ordinary share was USD 23.48
The Fully Diluted estimated NAV per ordinary share was USD 22.10

The next NAV produced will be for close of business on 25th January 2002.


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



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