Svm Uk Emerg Regulatory News (SVM)

21 Nov 2012 16:44

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 SVM UK Emerging Fundof existing shares to which voting rights are plc

attached:ii

2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights

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): Restatement of existing position X

3. Full name of person(s) subject to the SVM Asset Management

Limited notification obligation:iii

4. Full name of shareholder(s) SVM Asset Management

Limited (if different from 3.):iv Clients of SVM ICVC Funds

5. Date of the transaction and date on which the threshold is crossed or 21 November 2012

reached: v

6. Date on which issuer notified: 21 November 2012 7. Threshold(s) that is/are crossed or 24%

reached: vi, vii 8. Notified details:

A: Voting rights attached to shares viii, ix Class/type Situation previous Resulting situation after the triggering transaction of to the triggering shares transaction if possible Number Number Number Number of voting % of voting rights using of of of shares rights x the ISIN Shares Voting CODE Rights Direct Direct xi Indirect xii Direct Indirect Ordinary Shares 1,774,000 1,774,000 1,774,000 1,774,000 24.4% GB0000684174

B: Qualifying Financial Instruments Resulting situation after the triggering transaction

Type of Expiration Exercise/ Number of voting % of voting financial date xiii Conversion Period xiv rights that may be rights instrument acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction Type of Exercise price Expiration Exercise/ Number of voting rights % of voting financial date xvii Conversion instrument refers to rights xix, xx instrument period xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 1,774,000 24.4%

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

SVM Asset Management Limited at Computershare 19.32% Clients of SVM ICVC Funds at State Street Nominees 5.08%

Proxy Voting: 10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease

to hold:

12. Date on which proxy holder will cease to hold

voting rights: Based upon a share in issue of 6,005,000 with voting 13. Additional information: rights. 14. Contact name: Charles J Shields 0131 718 5621

15. Contact telephone number: