Holding(s) in Company

COMPANY ANNOUNCEMENT

                      Genesis Emerging Markets Fund Limited

                             Ten Largest Investments


4th  October, 2005


The Directors of the Genesis Emerging Markets Fund Limited announce that the
following were the ten largest holdings as at 30th September 2005:

Genesis Chile Fund
New Century Holdings
Samsung Electronics
Anglo American
Kookmin Bank
PT Telkomunikasi
Orascom Construction
Taiwan Semiconducter Co.
Femsa
MTN Group

There were no other holdings of more than 5% of the portfolio

Enquiries:

Genesis Investment Management LLP     Charles Zorab
                                                                        Phone
[phone]