RNS Number:3629L
Schroder Ventures Intl Inv Tst PLC
21 May 2003





For immediate release 21 May 2003



          Schroder Ventures International Investment Trust plc (SVIIT)

                    Issue of #40 million 4.5 % Subordinated

                           Convertible Bonds due 2013



SVIIT has issued #40 million of subordinated convertible bonds and increased its
credit facility (which remains un-drawn) with its bankers by 25% to Euro 285
million. These facilities will allow SVIIT to capitalise on the current
attractive investment environment for private equity.

The bonds will be listed on the London Stock Exchange with trading expected to
commence on 21 May 2003. The bonds have an annual coupon of 4.5% and are
convertible into fully paid ordinary shares of SVIIT at a conversion price of
480p.

UBS Warburg was lead manager on the issue.

Nick Ferguson, Chief Executive of SVIIT, commented:

"SVIIT is one of the few investment companies that has been able to access the
capital markets this year and we are delighted with the result of this
fundraising.

"We believe that the current investment environment for private equity is
attractive, particularly in Europe. These bonds will enable SVIIT to make
commitments to new private equity funds, which we believe have the potential to
provide for future net asset growth and superior returns for SVIIT and its
shareholders in years to come."

For further information, please contact:

Schroder Ventures International Investment Trust plc

Nick Ferguson          020 7010 8910

Schroder Ventures (London) Limited

Alice Todhunter          020 7010 8925

UBS Warburg

Will Rogers          020 7567 8000

Charlie Ricketts



Notes to Editors:

As a listed private equity fund of funds and fund advisory business, SVIIT
provides both high net worth investors and smaller institutions access to
private equity returns that have historically been available only to large
institutions.

SVIIT's principle investment objective is to achieve capital appreciation by
investing in an international portfolio of buy-out and development capital funds
managed or advised by Schroder Ventures or Permira. Over the last five years,
SVIIT has produced compound growth in net assets of 17.5%1 p.a., outperforming
its peer group of listed private equity companies and public market indices.

To complement its principle investment objective, SVIIT's fund advisory business
is dedicated to the structuring and managing or advising of third party products
for investment in private equity.

In 2001, in partnership with Schroders plc, SVIIT launched the first of its
third party fund of funds products - the Schroder Private Equity Fund of Funds
(SPEFOF) - that had a final closing at Euro 242 million. The successor fund of
funds for Schroders plc was launched in May 2003 targeting a similar amount.

Over a ten-year period, private equity investments have returned 16.2% compared
with the total UK pension fund assets, which returned 7.3% according to 2002
Performance Measurement Survey published by the BVCA.








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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