Net Asset Value(s)

8 December 2014

SVM UK EMERGING FUND PLC

The unaudited net asset value per share of the following Investment Trust

at the close of business on 30 November 2014 was as follows:-

SVM UK Emerging Fund plc                           66.98p

In accordance with AIC guidance, this asset value and all future asset values
use closing BID prices and is on a cum income basis.