Issue of Equity

Schroder Oriental Income Fund Ltd
28 July 2005



                                                                    28 July 2005



                                ISSUE OF EQUITY


The board of Schroder Oriental Income Fund Limited (the 'Company') announces
that the placing and offer for subscription sponsored by Close Brothers
Securities raised gross proceeds of £150 million.


The Company's share capital will comprise 150,000,000 ordinary shares of 1p each
('Ordinary Shares') which were today admitted to the official list of the
Financial Services Authority (the 'Official List') and to trading on the London
Stock Exchange's market for listed securities.


Schroder Oriental Income Fund Limited is a new Guernsey incorporated
closed-ended investment company, managed by Schroders. 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.


The aim of the Company is to deliver a target initial yield for investors of
4.25 - 4.5 per cent. from a diversified portfolio of investments, primarily
equities and equity-related investments of companies which are based in, or
derive a significant proportion of their revenues from, the Asia Pacific region.
The portfolio will be diversified across a number of industries and a number of
countries in that region.



For further information, please contact:

Robin Stoakley
Schroder Investment Management Limited
Tel. [phone]

David Benda / Kathryn Standley
Close Brothers Securities
Tel. [phone] / 2977


Note: Close Brothers Securities, a division of Winterflood Securities Limited
which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting for Schroder Oriental Income Fund Limited in
relation to its issue of shares and for no other person and will not be
responsible to any other person other than these companies for providing the
protections offered to customers of Close Brothers Securities or for providing
advice in relation to the issue.




                      This information is provided by RNS
            The company news service from the London Stock Exchange