Dividend Declaration

Schroder Split Investment Fund PLC
15 May 2002



Press Release




                                                                     15 May 2002


                             First Interim Dividend

                     For The Period Ending 31 October 2002


The Directors of the Company have declared the payment of a first interim
dividend of 1.40p net per share for the period ending 31 October 2002 on the
Ordinary Shares of the Company.


In accordance with the dividend policy set out in its prospectus dated 20
December 2001, the Company intends to pay two further interim dividends for the
financial year to 31 October 2002. The second interim dividend is expected to be
equal to that declared today, while the final interim dividend should enable the
Company to meet indications given in the prospectus.

Ex-Dividend Date:                              12 June 2002

Transfers must be lodged by:                   14 June 2002

Dividend Warrants:                             27 June 2002

Payment Date:                                  28 June 2002

Dividend per share:                            1.40p net











Enquiries:      Schroder Investment Management Limited

Neil Olofsson     (020 7658 3496)

15 May 2002













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