RNS Number:5388R
Schroder Ventures Intl Inv Tst PLC
31 October 2003



For immediate release, 31 October 2003

         SCHRODER VENTURES INTERNATIONAL INVESTMENT TRUST PLC ("SVIIT")
  EXTRAORDINARY GENERAL MEETING AND PLACING OF ORDINARY SHARES BY J.P. MORGAN
                                SECURITIES LTD.

SVIIT announces that at the Extraordinary General Meeting held today, at 10
Aldermanbury, London EC2V 7RF at 10.00 a.m., all resolutions proposed (being the
ordinary resolutions numbered 1 and 2 and the special resolution numbered 3)
were duly passed.

On 7 October 2003, SVIIT announced the results of a conditional placing by J.P.
Morgan Securities Ltd. of 10,239,100 ordinary shares in SVIIT ("New Shares")
with institutional investors at a price of 468 pence per New Share (the
"Placing"). The Placing was conditional upon shareholder approval being obtained
at the Extraordinary General Meeting held today and upon the New Shares being
accepted for admission to listing and trading.

Application has been made to the UK Listing Authority for the New Shares to be
admitted to the Official List and to the London Stock Exchange for the New
Shares to be admitted to trading on the London Stock Exchange's market for
listed securities. It is expected that such admission to listing will become
effective, and trading of the New Shares will commence, on Monday 3 November
2003.

The gross subscription proceeds of the issue of 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.

For further information, please contact:

Schroder Ventures International Investment Trust plc
Nick Ferguson                                                    0207 010 8911

Schroders Ventures (London) Limited
Alice Todhunter                                                  0207 010 8925

Weber Shandwick Square Mile
Peter Corbin/Christian San Jose                                  0207 067 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
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 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 ordinary shares in the capital of
SVIIT 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 registered under the United States Investment Company Act of
1940.

This announcement contains forward-looking statements, relating to planned
admission of New Shares to listing 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 admission of the New Shares to
the Official List of the UK Listing Authority and to trading on the London Stock
Exchange, and may or may not occur as described.

The distribution of this announcement and the 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 Shares or
possession or distribution of this announcement or any other offering or
publicity material relating to New 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

END
EGMMBBBTMMJJBTJ