Holding(s) in Company

Schroder AsiaPacific Fund PLC
20 July 2004


                                                                    20 July 2004


                    Substantial Share Interest Notification

We are writing to advise that the Company was notified on 19 July 2004 that
Deutsche Bank AG and its subsidiary companies have a notifiable interest in
5,575,000 ordinary shares of 10p each, representing 4.01% of the 139,195,505
shares in issue.

The date of the transaction was not disclosed.

___________________________________________________________________________


Enquiries:

John Spedding
Schroder Investment Management Limited                             020 7658 3206



                      This information is provided by RNS
            The company news service from the London Stock Exchange