Purchase of Own Securities

SVM Ofex Fund PLC
21 September 2001



SVM OFEX Fund plc

SVM OFEX Fund plc announces that today it purchased for cancellation 250,000 of 
its Ordinary Shares in the market at a price of 70 pence per share.

The current issued share capital of SVM OFEX Fund plc is 5,650,000 ordinary 
shares.