Annual Information Update

SVM UK Emerging Fund plc                            

                           ANNUAL INFORMATION UPDATE                           

In accordance with the requirements of Prospectus Rule 5.2, the following
statement summarises the information and documents published or made available
to the public during the period from 31 March 2006 to 31 May 2007. In addition,
the Company also publishes monthly net asset values for the ordinary shares
through the London Stock Exchange.

The announcements referred to below were published through a Regulatory
Information Service on the London Stock Exchange on specific dates and may be
out of date in some cases. Copies of the announcements can be accessed from the
website www.londonstockexchange.com

Date                     Announcement                                          
                                                                               
7 April 2006             NAV & Quarterly disclosure                            
                                                                               
3 May 2006               Net Asset Value                                       
                                                                               
6 June 2006              Net Asset Value                                       
                                                                               
19 June 2006             Final Results                                         
                                                                               
30 June 2006             Annual information update                             
                                                                               
5 July 2006              NAV & Quarterly disclosure                            
                                                                               
20 July 2006             Results of AGM                                        
                                                                               
8 August 2006            Net Asset Value                                       
                                                                               
4 September 2006         Net Asset Value                                       
                                                                               
3 October 2006           NAV & Quarterly disclosure                            
                                                                               
2 November 2006          Net Asset Value                                       
                                                                               
20 November 2006         Interim results                                       
                                                                               
4 December 2006          Net Asset Value                                       
                                                                               
12 December 2006         Statement re Transparency Directive                   
                                                                               
4 January 2007           NAV & Quarterly disclosure                            
                                                                               
25 January 2007          Holdings in Company                                   
                                                                               
2 February 2007          Net Asset Value                                       
                                                                               
28 February 2007         Issue of Equity                                       
                                                                               
2 March 2007             Net Asset Value                                       
                                                                               
5, 19 & 28 March 2007    Holdings in Company                                   
                                                                               
3 April 2007             NAV & Quarterly disclosure                            
                                                                               
5 April 2007             Director/PDMR Shareholding                            
                                                                               
5 April 2007             Holdings in Company                                   
                                                                               
2 May 2007               Net Asset Value                                       
                                                                               
24 May 2007              Final results                                         

The documents listed below have been filed at Companies House and copies can be
obtained from there or through their website www.companieshouse.gov.uk

                         Document                                              
                                                                               
20 July 2006             Resolutions passed at AGM                             
                                                                               
17 October 2006          Annual Return                                         
                                                                               
5 March 2007             Form 88(2)                                            

                                                   SVM Asset Management Limited

                                                              Company Secretary

                                                                   14 June 2007