Holding(s) in Company

05 March 2009

Genesis Emerging Markets Fund Limited

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1.  Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:  Genesis
Emerging Markets Fund Limited

2.  Reason for the notification (yes/no)
An acquisition or disposal of voting rights                                      YES

An acquisition or disposal of financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached   NO

An event changing the breakdown of voting rights                                  NO

     Other (please specify):                                                      NO


3.  Full name of person(s) subject to the notification obligation:
     City of London Investment Management Company Limited

4.  Full name of shareholder(s) (if different from 3.):

5.  Date of the transaction (and date on which the threshold is crossed or
     reached if different):  03 March 2009

6.  Date on which issuer notified:  05 March 2009

7.  Threshold(s) that is/are crossed or reached:  10%

8.  Notified details:
A.  Voting rights attached to shares
Class/type of shares: (if possible using the ISIN CODE):
GB0003678025

Situation previous to the Triggering transaction
Number of Shares:  1,278,355
Number of Voting Rights:  1,278,355

Resulting situation after the triggering transaction
Number of shares:  1,392,495
Number of voting rights - Direct:
Number of voting rights - Indirect :  1,392,495
% of Voting rights - Direct: 10.32%
% of Voting rights - Indirect:

B.  Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument:
Expiration date:
Exercise / Conversion Period / Date:
Number of voting rights that may be acquired if the instrument is exercised / converted:
Percentage of voting rights:

Total (A + B)
Number of voting rights: 1,392,495
% of voting rights:  10.32%

9.  Chain of controlled undertakings through which the voting rights and / or the financial instruments are effectively
held, if applicable: All voting rights on all shares are controlled by City of London Investment Management Limited

Proxy Voting:
10.  Name of the proxy holder:  City of London Investment Management Company Limited

11.  Number of voting rights proxy holder will cease to hold:

12.  Date on which proxy holder will cease to hold voting rights:

13.  Additional Information:

14.  Contact name:  Jay McKenna or Jeff Gill

15. Contact telephone name:  [e-mail] - 001-610-380-0121 OR
                             [e-mail] - 0207 860 8332


END