Holding(s) in Company

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES (1). Identity of the issuer or the underlying issuer of existing shares towhich voting rights are attached (ii): SVM UK Emerging Fund Plc (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 financial instruments which may result in theacquisition of shares already issued to which voting rights are attached: ( ) An acquisition or disposal of instruments with similar economic effect toqualifying 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): SVMAsset Management Ltd (4). Full name of shareholder(s) (if different from 3.) (iv): SVM AssetManagement Ltd and client holdings (5). Date of the transaction and date on which the threshold is crossed orreached (v): 31/03/15 (6). Date on which issuer notified: 31/03/15 (7). Threshold(s) that is/are crossed or reached: 29% (8). Notified details: A: Voting rights attached to shares (viii, ix) Class/type of shares (if possible using the ISIN code): GB0000684174 Situation previous to the triggering transaction:Number of Shares: 1,679,000Number of Voting rights: 1,679,000 Resulting situation after the triggering transaction:Number of shares:Direct: 1,769,000Number of voting rights:Direct (xi): 1,769,000Indirect (xii): % of voting rights (x):Direct: 29.46%Indirect: 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 FinancialInstruments 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 refers to: % of voting rights (xix, xx): Nominal: Delta: Total (A + B + C): Number of voting rights: 1,769,000 % of voting rights: 29.46% (9). Chain of controlled undertakings through which the voting rights and/orthe financial instruments are effectively held, if applicable (xxi): SVM AssetManagement Ltd, James Hay Partnership SIPP a/c, Charles Stanley ISA a/c,Hargreaves Lansdowne ISA a/c 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: (13). Additional information: (14). Contact name: Diane Miller (15). Contact telephone number: 0131 718 5618

Date: 31/03/15