NAV & Quarterly Disclosure

SVM UK Emerging Fund plc

The unaudited net asset value per share as at the close of business on 30
September 2007 was 71.51 pence. This has been calculated using bid market
prices.

The Fund's ten largest holdings as at the close of business on 30 September
2007 were as follows:-

China Pub Company                             7.0%
                                                  
Amazing Holdings                              6.5%
                                                  
Kirkland Lake Gold                            6.2%
                                                  
AT Communications                             6.0%
                                                  
Dwyka Diamonds                                5.6%
                                                  
Bet Brokers                                   5.0%
                                                  
Maghreb Mining                                5.0%
                                                  
Sport Media Group                             4.1%
                                                  
Mercator Gold                                 4.1%
                                                  
International Medical Devices                 3.8%

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 2007 has
been notified to a Regulated Information Service.