Rights Issue

Genesis Emerging Markets Fund Ld
7 February 2000

REVERSE RIGHTS ISSUE
SECURITY TITLE
*PTG USD 0.01
MNEMONIC CODE       *GSS
SEDOL CODE          *367-802                                              
TERMS               *1 Rights Share for Every 2 Participating Shares held      
DEALINGS COMMENCE NIL PAID *08-02-00
PROVISIONAL EX DATE *08-02-00
RECORD DATE         *04-02-00
SPLITTING NIL PAID  *21-02-00 3.00 PM
ACCEPTANCE DATE     *25-02-00 3.00 PM
RENUNCIATION        *25-02-00 
NOTES *Rights Shares entitle holders to reclassify Participating Shares into    
      Realisation Shares, which will then be Redeemed.