Interest in Shares

COMPANY ANNOUNCEMENT



                      Genesis Emerging Markets Fund Limited

                               Interest in Shares




8th December, 2005


The  Directors of Genesis Emerging Markets Fund Limited announce that they  have
to-day been informed that following a recent sale, Derbyshire County Council  no
longer has a notifiable interest in the Fund's share capital.


Enquiries:


Genesis Investment Management LLP: Charles Zorab
                              Tel: [phone]