Holding(s) in Company

For filings with the FSA include the annex
For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are
   attached: ii

   Genesis Emerging Markets Fund Limited

2  Reason for the notification (please tick the appropriate box or boxes):

   An acquisition or disposal of voting rights                               X

   An acquisition or disposal of qualifying financial instruments which may
   result in the acquisition of shares already issued to which voting rights a
   re attached

   An acquisition or disposal of instruments with similar economic effect to
   qualifying financial instruments

   An event changing the breakdown of voting rights

   Other (please specify):

3. Full name of person(s)subject to the notification obligation: iii

   City of London Investment Management Company Limited

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


5. Date of the transaction and date on which the threshold is crossed or reached: v

   1 October, 2009

6. Date on which issuer notified:

   5 October, 2009

7. Threshold(s)that is/are crossed or reached: vi, vii

   From 13 % to 12 %

8. Notified details:

   A: Voting rights attached to shares viii, ix

   Class/type of shares if possible using the ISIN CODE

   GB0003678025

   Situation previous to the triggering transaction
   Number of Shares            Number of Voting Rights

   1,785,195                   1,785,195

   Resulting situation after the triggering transaction
   Number of Shares            Number of Voting Rights
   (Direct)                    (Direct)      (Indirect)

    N/A                                        1,750,195

    % of  voting rights x
   (Direct)      (Indirect)

                  12.97%

    B: Qualifying Financial Instruments

    Resulting situation after the triggering transaction

    Type of financial instrument
    Expiration datexiii
    Exercise/Conversion Period xiv
    Number of voting rights that may be acquired if the instrument is exercised/converted.
    % of voting rights

    C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

    Resulting situation after the triggering transaction

    Type of financial instrument
    Exercise price
    Expiration date xvii
    Exercise/Conversion period xviii
    Number of voting rights instrument refers to
    % of voting rights xix,xx
    (Nominal)  (Delta)


    Total (A+B+C)
    Number of voting rights             Percentage of voting rights

    1,750,195                           12.97%

9.  Chain of controlled undertakings through which the voting rights and/or the financial instruments are
    effectively held, if applicable: xxi

    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 Mike Sugrue

15. Contact telephone number:

    [e-mail] - 001-610-380-0121 OR
    [e-mail] - 0207 860 8340