Holding(s) in Company

Genesis Emerging Markets Fund Limited

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

GENESIS EMERGING MARKETS FUND LIMITED

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights  (YES)

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to
which voting rights are attached (NO)

An event changing the breakdown of voting rights (NO)

Other (please specify):______________

3. Full name of person(s) subject to notification obligation:

City of London Investment Management Company Limited

4. Full name of shareholder(s) (if different from 3): -

5. Date of transaction (and date on which the threshold is crossed or reached if different)(v):

09/03/2009

6. Date on which issuer notified:

14/03/2009

7. Threshold(s) that is/are crossed or reached:

12%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares (If possible use ISIN code): GB0003678025

Situation previous to the triggering transaction

Number of shares: 1,392,495
Number of voting rights (viii): 1,392,495

Resulting situation after the triggering transaction

Number of shares: 1,692,095

Number of voting rights:

Direct   (nil)
Indirect  1,692,095


Percentage of voting rights:

Direct (nil)
Indirect 12.54%


B: Financial Instruments
Resulting situation after the triggering transaction

Type of financial instrument
Expiration date
Exercise/ conversion period/date
No. of voting rights that may be acquired (if the instrument exercised/converted)
Percentage of voting rights

Total (A+B)

Number of voting rights: 1,692,095
Percentage of voting rights: 12.54%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively
held, if applicable :

All Voting Rights on all Shares are controlled by City of London Investment Management Limited.

Proxy Voting:
10. Name of proxy holder:
City of London Investment Management Company Limited

11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:Jay McKenna or Mike Sugrue
15. Contact telephone name:
[e-mail] - 001-610-380-0121 OR
[e-mail] - 0207 860 8340