Net Asset Value(s)

Strategic Equity Capital PLC
23 August 2005

For immediate release 23 August 2005



STRATEGIC EQUITY CAPITAL PLC


Statement re Net Asset Value


The unaudited net asset value per Ordinary share of the Company as at 19 August
2005 was 98.45 pence.


For further information please contact:

SVG Capital plc

Alice Todhunter                                 020 7010 8925


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