Holding(s) in Company

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 issuer                    SVM UK Emerging Fund
of existing shares to which voting rights are                         plc                 
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 the                            Colin William McLean  
notification obligation:iii                                                               
                                                                                          
4. Full name of shareholder(s)                                                            
 (if different from 3.):iv                                                                
                                                                                          
5. Date of the transaction and date on                                                    
which the threshold is crossed or                                   21 November 2012      
reached: v                                                                                
                                                                                          
6. Date on which issuer notified:                                   21 November 2012      
                                                                                          
7. Threshold(s) that is/are crossed or                              3% & 5%               
reached: vi, vii                                                                          
                                                                                          


 

8. Notified details:                                                                             
                                                                                                 
A: Voting rights attached to shares viii, ix                                                     
                                                                                                 
Class/type   Situation previous         Resulting situation after the triggering transaction     
of           to the triggering                                                                   
shares       transaction                                                                         
                                                                                                 
             Number         Number      Number     Number of voting           % of  voting rights
if possible  of             of          of shares  rights                     x                  
using        Shares         Voting                                                               
the ISIN                    Rights      Direct     Direct xi       Indirect   Direct  Indirect   
CODE                                                               xii                           
                                                                                                 
Ordinary                                                                                         
Shares          174,000       174,000    309,000       309,000                 5.15%             
                                                                                                 
GB0000684174                                                                                     
                                                                                                 
                                                                                                 
                                                                                                 
B: Qualifying Financial Instruments                                                              
                                                                                                 
Resulting situation after the triggering transaction                                             
                                                                                                 
Type of        Expiration     Exercise/             Number of voting              % of voting    
financial      date xiii      Conversion Period xiv rights that may be            rights         
instrument                                          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       Exercise      Expiration Exercise/   Number of voting rights      % of voting      
financial     price         date xvii  Conversion  instrument refers to         rights xix, xx   
instrument                             period                                                    
                                       xviii                                                     
                                                                                                 
                                                                                Nominal Delta     
                                                                                                 
                                                                                                 
                                                                                                 
                                                                                                 
                                                                                                 
Total (A+B+C)                                                                                    
                                                                                                 
Number of voting rights                        Percentage of voting rights                       
                                                                                                 
309,000                                        5.15%                                             
                                                                                                 


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
James Hay Partnership A/C 5.15%                                                         
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
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:                                                                          
                                                                                        
                                                                                        
                                                                                        
                              Based upon a share in issue of 6,005,000 with voting      
13. Additional information:   rights.                                                   
                                                                                        
14. Contact name:             Charles J Shields                                         
                                                                                        
                              0131  718  5621                                           
15. Contact telephone number: