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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001424783-10-000005.txt : 20100315
<SEC-HEADER>0001424783-10-000005.hdr.sgml : 20100315
<ACCEPTANCE-DATETIME>20100315130642
ACCESSION NUMBER:		0001424783-10-000005
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20100315
DATE AS OF CHANGE:		20100315
EFFECTIVENESS DATE:		20100315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENESIS EMERGING MARKETS OPPORTUNITIES FUND LTD III
		CENTRAL INDEX KEY:			0001424783
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-113748
		FILM NUMBER:		10680546

	BUSINESS ADDRESS:	
		STREET 1:		Cricket Square
		STREET 2:		Hutchins Drive
		CITY:			Grand Cayman
		STATE:			E9
		ZIP:			KY1-1111
		BUSINESS PHONE:		000 345 945 3901

	MAIL ADDRESS:	
		STREET 1:		Cricket Square
		STREET 2:		Hutchins Drive
		CITY:			Grand Cayman
		STATE:			E9
		ZIP:			KY1-1111
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
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    <schemaVersion>X0603</schemaVersion>

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    <primaryIssuer>
        <cik>0001424783</cik>
        <entityName>GENESIS EMERGING MARKETS OPPORTUNITIES FUND LTD III</entityName>
        <issuerAddress>
            <street1>Cricket Square</street1>
            <street2>Hutchins Drive</street2>
            <city>Grand Cayman</city>
            <stateOrCountry>E9</stateOrCountry>
            <zipCode>KY1-1111</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>000 345 945 3901</issuerPhoneNumber>
        <jurisdictionOfInc>CAYMAN ISLANDS</jurisdictionOfInc>
        <issuerPreviousNameList>
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        <edgarPreviousNameList>
            <value>None</value>
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        <entityType>Other</entityType>
        <entityTypeOtherDesc>Cayman exempted company</entityTypeOtherDesc>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Martyn</firstName>
                <lastName>Ryan</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Heritage Hall</street1>
                <street2>Le Marchant Street</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <zipCode>GY1-4HY</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Stephen</firstName>
                <lastName>Birkett</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Collins Stewart House</street1>
                <street2>The Grange</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <zipCode>GY1-2QA</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <lastName>McNaughton</lastName>
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            <relatedPersonAddress>
                <street1>Dunloe, Whitshed road</street1>
                <street2>Greystones</street2>
                <city>Co. Wicklow</city>
                <stateOrCountry>L2</stateOrCountry>
                <zipCode>000000</zipCode>
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            <relatedPersonRelationshipList>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mark</firstName>
                <lastName>Thorne</lastName>
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            <relatedPersonAddress>
                <street1>33 Sir John Rogerson's Quay</street1>
                <city>Dublin</city>
                <stateOrCountry>L2</stateOrCountry>
                <zipCode>2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
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            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <lastName>Hallam</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Kings Mills Farm</street1>
                <street2>Kings Mills</street2>
                <city>Castel</city>
                <stateOrCountry>Y7</stateOrCountry>
                <zipCode>GY5 7JT</zipCode>
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            <relatedPersonRelationshipList>
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                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Operating Committee Member of Investment Manager of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mark</firstName>
                <lastName>Huntley</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Heritage Hall</street1>
                <street2>Le Marchant Street</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <zipCode>GY1-4HY</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Operating Committee Member of Investment Manager of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mel</firstName>
                <lastName>Carvill</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>PPF Partners Limited</street1>
                <street2>Generali House, Hirzel Street</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <zipCode>GY1-4PA</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
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                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Operating Committee Member of Investment Manager of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Karen</firstName>
                <lastName>Yerburgh</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Heritage Hall</street1>
                <street2>Le Marchant Street</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <zipCode>GY1-4HY</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Managing Partner and Operating Committee Member of Investment Manager of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Andrew</firstName>
                <lastName>Elder</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Heritage Hall</street1>
                <street2>Le Marchant Street</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <zipCode>GY1-4HY</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Partner of Investment Manager of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <lastName>Ballantyne</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Heritage Hall</street1>
                <street2>Le Marchant Street</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <zipCode>GY1-4HY</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Partner of Investment Manager of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Arindam</firstName>
                <lastName>Bhattacharjee</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Heritage Hall</street1>
                <street2>Le Marchant Street</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <zipCode>GY1-4HY</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Partner of Investment Manager of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <lastName>Greatbatch</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Heritage Hall</street1>
                <street2>Le Marchant Street</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <zipCode>GY1-4HY</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Partner of Investment Manager of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <lastName>Juracka</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Heritage Hall</street1>
                <street2>Le Marchant Street</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <zipCode>GY1-4HY</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Partner of Investment Manager of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Evgeny</firstName>
                <lastName>Kuznetsov</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Heritage Hall</street1>
                <street2>Le Marchant Street</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <zipCode>GY1-4HY</zipCode>
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            <relatedPersonRelationshipList>
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            </relatedPersonRelationshipList>
            <relationshipClarification>Partner of Investment Manager of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Catherine</firstName>
                <lastName>Vlasto</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Heritage Hall</street1>
                <street2>Le Marchant Street</street2>
                <city>St. Peter Port</city>
                <stateOrCountry>Y7</stateOrCountry>
                <zipCode>GY1-4HY</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Partner of Investment Manager of Issuer</relationshipClarification>
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    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-09-015156</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2007-07-05</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>120000000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>2</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
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            <clarificationOfResponse></clarificationOfResponse>
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        <useOfProceeds>
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            <clarificationOfResponse>The Investment Manager, Genesis Asset Managers, LLP, is entitled to receive a management fee as more particularly described in the Issuer's confidential offering materials.</clarificationOfResponse>
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                <issuerName>GENESIS EMERGING MARKETS OPPORTUNITIES FUND LTD III</issuerName>
                <signatureName>Martyn Ryan</signatureName>
                <nameOfSigner>Martyn Ryan</nameOfSigner>
                <signatureTitle>Director</signatureTitle>
                <signatureDate>2010-03-15</signatureDate>
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-----END PRIVACY-ENHANCED MESSAGE-----