Dividend Declaration

Schroder Split Investment Fund PLC
16 August 2002


Press Release

                                                                  16 August 2002



                            Second Interim Dividend

                     For The Period Ending 31 October 2002

The Directors of the Company have declared the payment of a second 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 one further interim dividend for the
current financial year i.e. for the nine months to 31 October 2002. This final
interim dividend should enable the Company to meet indications given in the
prospectus.

Ex-Dividend Date:                              11 September 2002
Transfers must be lodged by:                   13 September 2002
Dividend Warrants:                             24 September 2002
Payment Date:                                  25 September 2002
Dividend per share:                            1.40p net





Enquiries:      Schroder Investment Management Limited

Neil Olofsson     (020 7658 3496)

16 August 2002



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