Net Asset Value(s)

SVM UK Emerging Fund plc

The unaudited net asset value per share as at the close of business on 30
September 2011 was 73.40 pence.

This has been calculated using bid market prices and is on a cum income basis.

The Directors of the Fund confirm that they are satisfied that all inside or
price sensitive information which the Directors and the Fund have in advance of
the announcement of the results for the six months to 30 September 2011 has
been notified to a Regulated Information Service.