For filings with the FSA include the annex
For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are
   attached: ii

   GENESIS EMERGING MARKETS FUND LIMITED

2  Reason for the notification (please tick the appropriate box or boxes):

   An acquisition or disposal of voting rights                             X
   An acquisition or disposal of qualifying financial instruments which may result in the acquisition of
   shares already issued to which voting rights are attached
   An acquisition or disposal of instruments with similar economic effect to qualifying financial
   instruments
   An event changing the breakdown of voting rights
   Other (please specify):

3. Full name of person(s)subject to the notification obligation: iii

   CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED

4. Full name of shareholder(s)(if different from 3.):iv

5. Date of the transaction and date on which the threshold is crossed or
   reached:v

   17/12/2009

6. Date on which issuer notified:

   21/12/2009

7. Threshold(s) that is/are crossed or  reached: vi, vii

   From 12% to 11%

8. Notified details:

A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE

GG0003678025

Situation previous to the triggering transaction
Number of Shares : 16,628,150
Number of Voting Rights : 16,628,150

Resulting situation after the triggering transaction
Number of Shares : Direct N/A
Number of Voting Rights : Direct xi 0
                          Indirect xii 15,648,150

% of  voting rights x : Direct 0%
                        Indirect 11.59%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument
Expiration date xiii
Exercise/Conversion Period xiv
Number of voting rights that may be acquired if the instrument is exercised/converted.
% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument
Exercise price
Expiration date xvii
Exercise/Conversion period xviii
Number of voting rights instrument is exercised/converted
% of voting rights xix,xx
Nominal
Delta

Total (A+B+C)

Number of voting rights
15,648,150

Percentage of voting rights
11.59%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable: xxi

All Voting Rights on all Shares are controlled by City of London Investment Management Limited

Proxy Voting:
10. Name of the proxy holder:

CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED

11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
14. Contact name:

JAY McKENNA or MIKE SUGRUE

15. Contact telephone number:

Jay.McKenna@Citlon.com - 001-610-380-0121  or
Michael.Sugrue@citlon.co.uk - 0207 8608340

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