Director/PDMR Shareholding

Schroder Oriental Income Fund Ltd
28 July 2005


                                                                    28 July 2005


                   Notification of transactions by directors



In connection with the recent issue of 150 million ordinary shares of 1p each
(the 'Shares') in Schroder Oriental Income Fund Limited (the 'Company'), the
Directors notified the Company on 28 July 2005 (pursuant to Disclosure Rule
3.1.4R and section 324 of the Companies Act 1985) that on 28 July 2005 they
acquired the following beneficial interests in the Shares at the issue price of
100p per Share:


Director                            Number of Shares          % of issued Shares
Robert Sinclair                     10,000                    0.01
Peter Rigg                          10,000                    0.01
Christopher Sherwell                10,000                    0.01


For further information, please contact:



Robin Stoakley/John Spedding
Schroder Investment Management Limited
Tel. [phone]

David Benda / Kathryn Standley
Close Brothers Securities
Tel. [phone] / 2977



Note: Close Brothers Securities, a division of Winterflood Securities Limited
which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting for Schroder Oriental Income Fund Limited in
relation to its issue of shares and for no other person and will not be
responsible to any other person other than these companies for providing the
protections offered to customers of Close Brothers Securities or for providing
advice in relation to the issue.


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