RNS Number:1277U
Schroder Ventures Intl Inv Tst PLC
12 January 2004



                                                                 12 January 2004



                    Substantial Share Interest Notification

We are writing to advise you that the Company was notified on 12 January 2004,
that on 9 January 2004, Morgan Stanley Securities Limited acquired an interest
in the shares that resulted in a total holding of 3,508,600 ordinary shares of
#1 each in the Company, amounting to 3.11 per cent of the 112,655,174 shares in
issue.

The interest in 3,500,000 shares is pursuant to Section 208(5) of the Companies
Act 1985.


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


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