Final Exercise of Warrants

Schroder AsiaPacific Fund PLC
08 February 2006



                                                                 8 February 2006


                           Final Exercise of Warrants



Schroder AsiaPacific Fund plc announces that Warrantholders have applied to
exercise their subscription rights over 17,513,549 ordinary shares of 10p each
in accordance with the Terms and Conditions of Warrants in the Company created
by resolutions of the Board on 14 November 1995. Consequently, the Company has
today issued and allotted 17,513,549 ordinary shares of 10p each in respect of
shares arising on the exercise of those warrants at the subscription price of
100p per share.



Following the allotment of these shares, the Company's issued share capital has
increased to 156,731,637 ordinary shares of 10p each.



A total of 10,458,125 warrants have not been exercised. In accordance with the
terms and conditions of the warrants, the Company has appointed a trustee who,
provided that in his opinion the net proceeds of sale after deduction of all
costs and expenses incurred by him will exceed the costs of subscription, shall,
on or before 14 February 2006, exercise all the rights which have not been
exercised and sell the resulting ordinary shares of 10p each for the benefit of
the relevant Warrantholders.  The trustee will then distribute the net proceeds
to the persons entitled thereto before the end of March 2006, except for
entitlements of less than £3.00 which will be transferred to the Company.



Application will be made to the UK Listing Authority and the London Stock
Exchange for the admission to the Official List and to trading of the ordinary
shares of 10p each arising on exercise of the warrants.





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Enquiries:



John Spedding

Schroder Investment Management Limited              020 7658 3206






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