Final Results

Genesis Emerging Markets Fund Ld
19 September 2000


The Directors of Genesis Emerging Markets Fund Limited announce results for the
year ended 30th June, 2000 as follows:

                                             2000                    1999

Net assets                         US$321,745,999          US$416,515,420

Dividends and bond interest            10,059,496              10,579,128
Deposit interest                        1,955,119                 412,868

Gross revenue                          12,014,615              10,991,996

Revenue return before taxation          2,532,853               5,128,539
Taxation                                 (971,627)             (1,080,906)
Revenue Return after taxation           1,561,226               4,047,633

Net assets per Participating Share          17.64                   15.45

Revenue return per Participating Share       0.15                    0.15


Comment

As at 30th June 2000, the net asset value per Participating Share of the Fund
was $17.64.  This compares with $18.61 at the interim stage at 31st December
1999, and $15.45 at 30th June 1999.

From inception in July 1989, the Fund has achieved an annualised return, 
excluding dividends but after all expenses, of 12.1%.

The Directors do not recommend payment of a dividend.

                    By Order of the Board
               MANAGEMENT INTERNATIONAL (GUERNSEY) LIMITED