RNS Number:6346Q
Schroder Ventures Intl Inv Tst PLC
07 October 2003


For immediate release 7 October 2003


This announcement is not for distribution in or into the United States, Canada,
Japan or Australia. This announcement does not constitute an offer of securities
       for sale in or into the United States, Canada, Japan or Australia.


         SCHRODER VENTURES INTERNATIONAL INVESTMENT TRUST PLC ("SVIIT")

       RESULTS OF THE CONDITIONAL PLACING OF ORDINARY SHARES OF SVIIT BY 
           J.P. MORGAN SECURITIES LTD. ("JPMORGAN") (THE "PLACING")

Further to the announcement of the Placing earlier today and the completion of a
book building exercise by JPMorgan, SVIIT announces the details of the pricing
and size of the Placing.

Results of the Placing:
     
*    10,239,100 new ordinary shares (the "New Shares") have been conditionally 
     placed with institutional investors at a price of 468 pence per New Share.

*    The gross proceeds receivable by the Company are approximately #47.9 
     million

*    The New Shares represent 9.99% of SVIIT's existing issued share capital.

*    The Placing remains conditional on shareholder approval being obtained
     at an EGM of SVIIT to be held on 31 October 2003.

Dealings in New Shares
     
*    The New Shares are to be listed on the Official List and admitted to
     trading on the London Stock Exchange.

*    Admission is expected to become effective and dealings in the New Shares 
     are expected to commence on the London Stock Exchange at 8.00am on 3
     November 2003.

Role of JPMorgan

JPMorgan is acting as sole placement agent and sole bookrunner for the Placing.


Use of Proceeds

The gross subscription proceeds of the issue of the New Shares, of approximately
#47.9 million, will be used to continue the Board's strategy of investing in
buy-out and development capital funds managed or advised by Permira and Schroder
Ventures and for general corporate purposes.


                                    - Ends -


For further information, please contact:

Schroder Ventures International Investment Trust plc
Nick Ferguson                                                      020 7010 8911

Schroder Ventures (London) Limited
Alice Todhunter                                                    020 7010 8925

Weber Shandwick Square Mile
Christian San Jose                                                 020 7067 0700


This announcement has been issued by SVIIT and is the sole responsibility of
SVIIT. J.P. Morgan Securities Ltd. is acting for SVIIT in connection with the
proposed placing by J.P. Morgan Securities Ltd. of New Shares in SVIIT (the "
JPMorgan Placing") and no one else and will not be responsible to any one other
than SVIIT for providing the protections afforded to clients of J.P. Morgan
Securities Ltd. nor for providing any advice in relation to the JPMorgan
Placing.

This announcement is for information purposes only and does not constitute an
offer or an invitation to acquire or dispose of any securities or investment
advice. This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire New Shares in any jurisdiction in
which such offer or solicitation is unlawful.

This announcement may not be used for the purpose of an offer or solicitation in
any jurisdiction or in any circumstances in which such offer or solicitation is
unlawful or not authorised.  This announcement does not constitute an offer of
securities for sale in the United States and the securities being sold may not
be offered or sold in the United States absent registration or an exemption from
registration. There will be no public offer of securities in the United States.
SVIIT will not be a registered under the United States Investment Company Act of
1940.

This announcement contains forward-looking statements, relating to planned
transactions and offerings of securities, within the meaning of Section 27A of
the United States Securities Act of 1933, as amended, and Section 21E of the
United States Securities Exchange Act of 1934, as amended. The matters discussed
in these forward-looking statements are subject to various consents, conditions,
agreements and contingencies, and may or may not occur as described. In
particular, the offering of securities by SVIIT are subject to various risks
outside its control, such as changes in the securities markets and changes in
general economic conditions, and are subject to various conditions and
contingencies, including agreements with third parties and the success of
fundraising activities.

The distribution of this announcement and the JPMorgan Placing and/or issue of
New Shares in certain jurisdictions may be restricted by law.  No action has
been taken by SVIIT or J.P.Morgan Securities Ltd. that would permit an offer of
new ordinary shares or possession or distribution of this announcement or any
other offering or publicity material relating to new ordinary shares in any
jurisdiction where action for that purpose is required, other than in the United
Kingdom.  Persons into whose possession this announcement comes are required to
inform themselves about and to observe any such restrictions.


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