Holding(s) in Company

21 Jun 2011 15:16

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 SVM UK Emerging Fund plc issuer of existing shares to which voting

rights are attached: ii 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 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):

3. Full name of person(s) subject to SVM Asset Management Limited the notification obligation: iii

4. Full name of shareholder(s) (if SVM Asset Management Limited and client different from 3.):iv

holdings 5. Date of the transaction and date 20/06/11 on which the threshold is crossed or reached: v 6. Date on which issuer notified: 21/06/11 7. Threshold(s) that is/are crossed 25% or reached: vi, vii 8. Notified details:A: Voting rights attached to shares viii, ixClass/type of Situation previous Resulting situation after shares to the triggering the triggering transaction transaction if possible Number Number Number Number of % of voting using of of of shares voting rights x the ISIN CODE Shares Voting rights Rights Direct Direct xi Indirect Direct Indirect xii

Ordinary 1,585,000 1,585,000 1,550,000 1,160000 390,000 19.3% 6.5% shares B: Qualifying Financial Instruments Resulting situation after the triggering transaction

Type of financial Expiration Exercise/ Number of voting % of voting

instrument date xiii Conversion Period rights that may be rights xiv 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 financ Exercise Expiration Exercise/ Number of voting % of voting

ial price date xvii Conversion rights instrument rights xix, xx instrument period refers to xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 1,550,000 25.8%

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

Raven Nominees Ltd SVM Asset Management Limited Nortrust Nominees 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: 15. Contact telephone number: Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in sharesxxii

A: Identity of the persons or legal entity subject to the notification obligation

Full name SVM Asset Management Limited (including legal form of legal entities) Contact address 7 Castle Street Edinburgh (registered office for legal entities) Phone number & email 0131 226 6699 Other useful information Carolina Viola (at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name Contact address Phone number & email Other useful information(e.g.

functional relationship with the person or legal entity subject to the notification obligation) C: Additional information Disclosure based on an issued share capital of 6,005,000 ordinary shares

For notes on how to complete form TR-1 please see the FSA website.