RNS Number:8732R
Schroder Ventures Intl Inv Tst PLC
10 November 2003



                                                                10 November 2003


             Conversion of Subordinated Convertible Bonds Due 2011


Schroder Ventures International Investment Trust plc announces that investors
holding #100,000 subordinated convertible bonds due 2011 have given notice to
the Company to convert their bonds into ordinary shares.


As a result, a total of 25,062 ordinary shares have been allotted and
application has been made to the UK Listing Authority and the London Stock
Exchange for the listing and admission to trading of these ordinary shares. The
shares will rank pari passu with the ordinary shares in issue on the
conversation date save that they will not be entitled to any dividends or other
distributions declared, made or paid either in respect of any financial period
ended prior to such conversion date or by reference to a record date prior to
such conversion date.


Following the allotment of these shares, the Company's issued share capital has
increased to 112,655,174 ordinary shares.


Enquiries:
John Spedding
Schroder Investment Management Limited          Tel: 020 7658 3206






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