Holding(s) in Company

Schroder AsiaPacific Fund PLC
20 November 2002

20 November 2002
By Facsimile

RNS
Old Broad Street
London
EC2N 1HP


Dear Sirs

                    Substantial Share Interest Notification


We are writing to advise you that the Company was notified on 20 November 2002,
that BAE Systems Pension Funds Investment Management Limited, has decreased its
beneficial interest in the Company to 6,650,000 ordinary shares. The holdings,
which are registered in the name of Chase Nominees Limited, represent 4.77% of
the Company's 139,195,505 ordinary 10p shares in issue. The date of the
transaction was not disclosed.


Yours faithfully,


John Spedding
For SCHRODER INVESTMENT MANAGEMENT LIMITED
Secretaries



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