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 Ltd

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

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued
to which voting rights are 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): Change in control of voting rights     X

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

Lazard Asset Management LLC

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

JP Morgan Chase Prime
Mellon Trust
Northern Trust Co
PFPC Trust Co
State Street Bank - Custody Master Trust

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

23/03/10

6. Date on which issuer notified:

25/03/10

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

Less than 5%

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE:         GG00B4L0PD47
Situation previous to the triggering transaction
Number of Shares :
Number of Voting Rights :                                     7,267,124
Resulting situation after the triggering transaction
Number of Shares - Direct:
Number of Voting Rights - Direct xi:
Number of Voting Rights - Indirect xii:                       5,407,924
% of Voting Rights x - Direct:
% of Voting Rights x - Indirect:                              Less than 5%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument :
Expiration date xiii:
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
5,407,924                                             Less than 5%

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

Lazard Asset Management LLC controls all the voting rights held of this issuer.

Proxy Voting:
10. Name of the proxy holder:                                  N/A
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:                                              Legal & Compliance Department
15. Contact telephone number:                                  0207 448 2047