Svm Uk Emerg Regulatory News (SVM)

SVM UK Emerging Fund plc(the "Fund") Interim Management Statement This Interim Management Statement ("IMS") covers the three month period from 1April 2013 to 30 June 2013, and contains information that covers this period,and up to the date of publication of this IMS. It has been produced for thesole purpose of providing information to the Company's shareholders inaccordance with the requirements of the UK Listing Authority's Disclosure andTransparency Rules. It should not be relied upon by any other party or for anyother purpose. Investment Objective The Fund's investment objective is long term capital growth from investments insmaller UK companies with a particular focus on the Alternative InvestmentMarket (AIM). Benchmark FTSE AIM Index Dividend The Fund does not pay a dividend. Material Events The Fund posted its Annual Report for the year to 31 March 2013 and Notice ofAnnual General Meeting to shareholders on 10 July 2013. There were no buy-backs of shares for the period from 1 April 2013 to 19 July2013 (the latest practicable date prior to the issue of this document). The Board is not aware of any significant events or transactions, except asdisclosed, occurring between 30 June 2013 and the date of publication of thisIMS which would have a material impact on the financial position of the Fund. Largest Investments as at 30 June 2013 Sector Analysis as at 30 June 2013 % % 1 Hydrodec 8% CULS 7.2 Basic Materials 0.0 2 Unite Group PLC 5.3 Industrials 17.8 3 Ted Baker PLC 4.9 Oil & Gas 2.3 4 Thomas Cook 3.5 Consumer Goods 9.6 5 ASOS PLC 3.5 Consumer Services 35.7 6 Tribal Group PLC 3.4 Healthcare 3.1 7 Manroy PLC 3.4 Telecoms 0.0 8 Mitchells + Butlers PLC 3.2 Technology 11.1 9 Delcam PLC 3.1 Financials 15.8 10 Partnership Assurance 3.1 Utilities 0.0 11 Claremont Partners Ltd 3.0 Liquidity 4.6 -------- -------- Total 43.6 100.0 -------- -------- Financial Position As at As at 30 Jun 31 Mar 2013 2013 (unaudited) (audited) £'000 £'000 Investments 3,435 3,248 Net current assets 52 (11) ---------- ---------- Net assets 3,487 3,237 ---------- ---------- NAV per share 58.07p 53.90p Changes to Share Capital Issued As at 31 March 2013 6,005,000 Ordinary shares bought 0back Ordinary shares issued 0 -------------- As at 30 June 2013 6,005,000 -------------- Performance 3 months 1 year 3 years Remit change (*) % % % % Share price +3.5 -11.0 -11.0 +74.5 Net asset value +7.7 -9.1 -11.7 +80.5 FTSE AIM Index -5.2 +3.2 +6.9 -18.0 * - investment remit changed September 2004 Source: SVM/Lipper Hindsight, capital return to 30/06/2013 Past performance is not necessarily a guide to the future and that the value ofinvestments and the income from them may fall as well as rise. Investors maynot get back the amount they originally invested. Further Information Further information regarding the Fund, including monthly factsheets, annualand half yearly reports, can be found at the Manager's website: atwww.svmonline.co.uk.