Top Ten Holdings

COMPANY ANNOUNCEMENT

                      Genesis Emerging Markets Fund Limited

                             Ten Largest Investments


3rd April 2006


The Directors of the Genesis Emerging Markets Fund Limited announce that the
following were the ten largest holdings of the Fund as at 31st March 2006:

 1. Samsung Electronics
 2. Taiwan Semiconductor Co
 3. Kookmin Bank
 4. PT Telekomunikasi Indonesia
 5. Anglo American
 6. Standard Bank
 7. Korea Electric Power
 8. China Shenhua Energy
 9. Femsa
10. Bank Rakyat Indonesia

There were no holdings, other than certain holdings included in the list above,
of more than 5% of the portfolio

Enquiries:

Genesis Investment Management LLP              Charles Zorab
                                               Phone [phone]