RNS Number:5889J
Schroder Ventures Intl Inv Tst PLC
03 April 2003



For immediate release 3 April 2003



          Schroder Ventures International Investment Trust plc (SVIIT)

              New Investments, Convertible Bond Issue and Funding


As announced in the results for the six-months to 31 December 2002, SVIIT
intends to commit to two new private equity funds in the coming months,
including a substantial commitment to Permira Europe III.



The Directors believe that the current investment environment for private equity
provides an excellent opportunity for SVIIT to make commitments to new private
equity funds, which have the potential to provide for future net asset growth.
In order to provide SVIIT with the maximum flexibility to capitalise on these
opportunities SVIIT intends to raise in the region of #40 million through a
private placement of Subordinated Convertible Bonds. These Bonds will rank pari
passu* with the existing #40 million 4.5 % Subordinated Convertible Bonds due
2011 issued by the Company in November 2001. The new Bonds will have a coupon of
4.5% and a maturity of 2013. The conversion price will be struck at a premium to
SVIIT's 31 December 2002 net asset value, and share price at the time of pricing
and closing expected to be towards the end of April. The placing is lead managed
by UBS Warburg.



In addition to this, SVIIT is currently in discussions with its bankers to
increase its Euro225 million multi-currency revolving credit facility (which
remains undrawn) by approximately 25%. Any increase in this loan facility is
conditional on existing bondholders' approval.



Enquiries



Schroder Ventures International Investment Trust plc
Nick Ferguson                                            020 7010 8911



Schroder Ventures (London) Limited
Alice Todhunter                                          020 7010 8925



UBS Warburg
Will Rogers                                              020 7568 2939
Chris Lunn                                               020 7568 4848
Chris Agar                                               020 7568 0571
Phil Higgs                                               020 7568 0960




Not for distribution in the United States. This is not an offer of securities
for sale in the United States.  The securities may not be offered or sold in the
United States absent registration or an exemption from registration and any
public offering of the securities to be made in the United States will be made
by means of a prospectus which will contain detailed information about SVIIT and
its management as well as its financial statements.


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