NAV & Quarterly Disclosure

SVM UK Emerging Fund plc

The unaudited net asset value per share as at the close of business on 30
September 2008 was 49.05 pence. This has been calculated using bid market
prices and is on a cum income basis.

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 year to 30 September 2008 has been
notified to a Regulated Information Service.