Holding(s) in Company

For filings with the FSA include the annex
For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

Genesis Emerging Markets Fund Limited

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                                   X

An acquisition or disposal of qualifying financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying
financial instruments

An event changing the breakdown of voting rights

Other (please specify):

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

City of London Investment Management Company Limited

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

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

7th January 2010

6. Date on which issuer notified:

11th January 2010

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

From 10% to 9%

8. Notified details:

A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE

GB0003678025

Situation previous to the triggering transaction
Number of Shares:  13,733,150
Number of Voting Rights: 13,733,150

Resulting situation after the triggering transaction
Number of Shares:
Direct: N/A

Number of voting rights:
Direct xi: 0
Indirect xii: 13,417,150

% of voting rights x
Direct: 0
Indirect: 9.94 %

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument
Expiration date xiii
Exercise/Conversion Period xiv
Number of voting rights that may be acquired if the instrument is exercised/converted.
% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument
Exercise price
Expiration datexvii
Exercise/Conversion period xviii
Number of voting rights instrument refers to
% of votingrights xix,xx
Nominal  Delta

Total (A+B+C)
Number of voting rights             Percentage of voting rights
13,417,150                          9.94 %

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

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

Proxy Voting:
10. Name of the 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 number:

[e-mail] - 001-610-380-0121 OR
[e-mail] - 0207 860 8340