Interim Management Statement

Schroder Oriental Income Fund Ltd
16 January 2008

SCHRODER ORIENTAL INCOME FUND LIMITED

Interim Management Statement for the Quarter ended 30 November 2007

Investment Objective


The Company's investment objective is to provide a total return for investors
primarily through investments in equities and equity-related investments, of
companies which are based in, or which derive a significant proportion of their
revenues from, the Asia Pacific region and which offer attractive yields.


Company Statistics as at 30 November 2007

Gross Assets                                 £238.59 million
Net Asset Value per ordinary share           131.47p
Share price                                  123.5p
Premium/Discount                             (6.06)%
Number of holdings                           97
Gearing                                      13.46%
Cash                                         1.87%
Yield                                        4.01%



Cumulative Performance to 30 November 2007

Performance over                               3 m           6 m           1yr
Share Price (Total Return)                     7.1           2.6           24.2
Net Asset Value (Total Return)                 8.8           5.4           28.6


All Performance Data Source: Fundamental Data.





Portfolio Information as at 30 November 2007

Ten Largest Holdings

Stock Name                                      Country                    Percentage of NAV (%)

Australia & New Zealand Banking                 Australia                  4.15
Macquarie Communications                        Australia                  3.74
Transurban Group                                Australia                  3.64
Babcock & Brown Japan Property Trust            Australia                  3.64
Macquarie International Infrastructure Fund     Singapore                  3.15
Philippine Long Distance Telecom                Philippines                2.98
Hang Seng Bank                                  Hong Kong                  2.55
Westpac Bank                                    Australia                  2.46
Rio Tinto                                       Australia                  2.38
Chunghwa Telecom                                Taiwa                      2.35



Country Allocation

Country                                         Percentage of NAV (%)

Australia                                       34.11
Canada                                          2.03
China                                           2.01
Hong Kong                                       19.33
Indonesia                                       4.73
Japan                                           0.07
Korea                                           4.81
Malaysia                                        3.31
New Zealand                                     1.27
Philippines                                     5.32
Singapore                                       18.60
Taiwan                                          8.73
Thailand                                        3.26
USA                                             3.70



Material Events or Transactions


Share Buy-Back

The Company announced on 14 January 2008 that it had purchased 50,000 shares for
cancellation.  On 15 January, it announced that it had purchased 103,000 shares
for cancellation. Following these purchases, there are a further 156,897,000
shares in issue.

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


Annual General Meeting

The Annual General Meeting of the Company was held on 17 December 2007. All
resolutions set out in the Notice of Meeting were duly passed.


Changes to Share Capital during the quarter ended 30 November 2007

                                                             Issued Ordinary shares of 1p each
As at 31 August 2007                                         157,050,000
Shares issued during the period                              Nil

Shares bought back and cancelled during the period           Nil
Shares remaining in issue as at 30 November 2007             157,050,000



Company Information as at 30 November 2007

Sedol Code                                    B0CRWN5

Sector                                        Equity Investment Instruments
Launch Date                                   July 2005
Financial Year End                            31 August
Next Dividend Payment                         April 2008
Last Ex Div Date                              7 November 2007
AGM                                           December






16 January 2008



Enquiries:



John Spedding

Schroder Investment Management Limited

Company Secretary

Tel: [phone]




END


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