Net Asset Value(s)

Genesis Emerging Markets Fund Ld
04 September 2002



                              COMPANY ANNOUNCEMENT


                     Genesis Emerging Markets Fund Limited


4 September, 2002


The Directors of Genesis Emerging Markets Fund Limited would like to announce
that the Company's Net Asset Value per share was $15.26 as at the 30th August,
2002.


Enquiries :

Genesis Investment Management Limited          Martyn Ryan

Phone + 44 (0) 20 7201 7200


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