Result of EGM

Genesis Emerging Markets Fund Ld
7 February 2000


  GENESIS EMERGING MARKETS FUND LIMITED (the 'Company')
                            
        RESULTS OF EXTRAORDINARY GENERAL MEETING
                            
At the Extraordinary General Meeting which took place
earlier today, the proposals to issue Rights entitling
Participating Shareholders  to reclassify up to 50% of
their investment in the Company, and to establish a share
buy-back facility were passed.

Dealings in the Rights will commence on the London Stock
Exchange tomorrow, 8th February. The latest date for
shareholders to exercise Rights is Friday, 25th February,
with the reclassification of Participating Shares into
Realisation Shares taking place on Monday, 6th March
2000. Application is being made to the London Stock
Exchange for listing of the Realisation Shares.

ENQUIRIES
    
Richard Carss
Genesis Emerging Markets Fund Limited                       0171 201 7200

Howard Myles
Warburg Dillon Read                                         0171 568 2140