Interim Management Statement

Schroder AsiaPacific Fund PLC
08 February 2008


SCHRODER ASIAPACIFIC FUND PLC


Interim Management Statement for the Quarter ended 31 December 2007

The Board of Schroder AsiaPacific Fund Plc (the 'Company') is pleased to
announce its first Interim Management Statement as required by the UK Listing
Authority's Disclosure and Transparency Rules. This Statement is in respect of
the period from 1 October 2007 to 31 December 2007.


Investment Objective

The Company's investment objective is to achieve capital growth through
investment primarily in equities of companies located in the continent of Asia
(excluding the Middle East and Japan), together with the far Eastern countries
bordering the Pacific Ocean (excluding Australasia), with the aim of achieving
growth in excess of the MSCI All Countries Far East (Free) excluding Japan Index
in sterling (Benchmark Index) over the longer term.


Company Statistics as at 31 December 2007

Gross Assets                                  £383.35million

Net Asset Value per Ordinary Share            208.26p
Share Price                                   182.25p
Discount                                      12.49%
Number of Holdings                            119
Net Gearing                                   9.17%
Cash                                          3.7%
Yield                                         0.93%


Cumulative Performance to 31 December 2007 (%)

*Performance Over                                             3 m         6 m         1yr

Share Price (Total Return)                                    1.8         12.9        34.9
Net Asset Value (Total Return)                                4.5         14.5        40.3
MSCI AC Far East Free (ex Japan)                              0.6         17.7        34.6

All Performance Data Source: Fundamental Data
*£ equivalent


Portfolio Information as at 31 December 2007


Ten Largest Holdings

Stock Name                                                     Country               Percentage of NAV
                                                                                     (%)

Hutchison Whampoa                                              Hong Kong             4.26
Samsung Electronics                                            Korea                 3.64
Daewoo Shipbuilding & Marine Engineering                       Korea                 3.18
Swire Pacific                                                  Hong Kong             3.08
Jardine Strategic                                              Singapore             2.94
Niko Resources                                                 Canada                2.90
Jardine Matheson                                               Hong Kong             2.56
Samsung Fire & Marine Insurance                                Korea                 2.18
Industrial & Commercial Bank of China                          China                 2.06
China Mobile                                                   Hong Kong             1.91

Country Allocation

Country                                      Percentage of NAV (%)

Hong Kong                                    34.58
Korea                                        18.29
Singapore                                    13.83
China                                        8.23
Taiwan                                       8.02
Philippines                                  6.21
Indonesia                                    4.32
India                                        3.88
Malaysia                                     3.23
Canada                                       2.90
Cayman Islands                               0.79
Thailand                                     0.56


Annual General Meeting

The Annual General Meeting of the Company was held on 31 January 2008. All
resolutions set out in the Notice of Meeting were duly passed.


Final Dividend

The Directors have recommended the payment of a final dividend of 1.50 pence per
share for the year ended 30 September 2007.  Following approval from
shareholders at the Annual General Meeting held on 31 January 2008, the dividend
was paid on 5 February 2008 to shareholders on the Register on 4 January 2008.


Material Events or Transactions

There have been no other material events or transactions that have taken place
between 1 October 2007 and the date of publication of this Statement.


Changes to Share Capital during the quarter ended 31 December 2007
                                                                               Issued Ordinary Shares of 10p
                                                                               each

As at 30 September 2007                                                        167,189,762
Shares issued during the period                                                Nil
Shares bought back and cancelled during the period                             Nil
Shares remaining in issue as at 31 December 2007                               167,189,762


Company Information as at 31 December 2007

Sedol Code                                    0791887
Sector                                        Equity Investment Instruments
Launch Date                                   November 2005
Financial Year End                            30 September
Last Dividend Payment                         5 February 2008
Last Ex Div Date                              4 January 2008
Last AGM                                      31 January 2008


8 February 2008


Enquiries:

John Spedding
Schroder Investment Management Limited
Company Secretary
Tel: [phone]






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