Purchase of Own Securities

Schroder AsiaPacific Fund PLC
31 July 2001

                                                                  31 July 2001


                     Purchase of Shares For Cancellation


Schroder AsiaPacific Fund plc announces that on 30 July 2001, the Company
purchased 300,000 shares for cancellation, at a price of 56.50 pence per
share. Following the purchase, there are a further 139,705,505 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]