Interim Results

RNS Number:3925O
Schroder Split ZDP PLC
01 July 2005


                                                                     1 July 2005

PRESS RELEASE

                                   PRELIMINARY results


The Directors of Schroder Split ZDP plc announce the unaudited preliminary
results for the six month period ended 30 April 2005.


Highlights                                    30 April 2005              30 October 2004       % change
                                                  Pence                       Pence
Net asset value per
Zero Dividend Preference Share                   127.42p                     122.82p               +3.8

Share price per
Zero Dividend Preference Share                   133.00p                     130.00p               +2.3

Total return  to shareholders           Results for the  6 month     Results for the6 month
                                         period to 30 April 2005     period to 30 April 2004

                                                  #'000                       #'000

Zero Dividend Preference Shares                   1,265                       1,187                             -



Unaudited Statement of Total Return                 Results for the period from 1 November 2004 to 30 April 2005

(incorporating the revenue account)
                                                                        Revenue           Capital          Total
                                                                          #'000             #'000          #'000
Accrued redemption premium receivable from                                    -             1,265          1,265
parent company
Gross revenue and capital gains                                               -             1,265          1,265
Return / (deficit) on ordinary activities                                     -             1,265          1,265
before and after taxation
Appropriations in respect of non equity
shares
Zero dividend preference shares                                               -           (1,265)        (1,265)
Transfer to reserves                                                          -                 -              -
Return  per share
Zero dividend preference shares                                               -             4.60p          4.60p



                                                            At 30 April 2005               At 31 October 2004
Unaudited Summary Balance Sheet

                                                                           #'000                        #'000

Debtors
Amounts receivable from parent company in respect of                      35,000                       33,735
accrued redemption entitlement on zero dividend
preference shares
Other amount receivable from parent company                                   50                           50
                                                                          35,050                       33,785

Net Assets                                                                35,050                       33,785

Share capital and reserves                                                35,050                       33,785

Net asset value per zero dividend preference share



Notes

1.The Company is a wholly owned subsidiary of Schroder Split Investment Fund
plc, a company incorporated in England & Wales and operating in the United
Kingdom.

2.The above financial information is unaudited and does not amount to statutory
accounts under Section 240 of the Companies Act 1985 (as amended). The statutory
accounts have been delivered to the Registrar of Companies following the
Company's annual general meeting.

3.The Company has taken advantage of the exemptions permitted by FRS1 not to
prepare a cash flow statement as it is a wholly owned subsidiary of Schroder
Split Investment Fund plc.



The interim Report will be mailed to shareholders at their registered addresses
in July 2005 and from the date of release copies of the interim Report will be
available to the public at the Company's registered office: 31 Gresham Street,
London, EC2V 7QA.




Enquiries:
                     Schroder Investment Management Limited
 

John Spedding                       (020 7658 3206)
1 July 2005






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