RNS Number:1999S
Metage Special Emerging Markets Fnd
18 November 2003

The Metage Special Emerging Markets Fund Limited announces that at the close of
business on the 14th of November, 2003 :-

The Undiluted estimated NAV per ordinary share was USD 47.37

The Fully Diluted estimated NAV per ordinary share was USD 42.20

The next NAV produced will be for close of business on 21st November 2003.


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

NAVGUGBCGUPWGWR