Information  X 
Enter a valid email address

Undervalued Assets (SVU)

  Print      Mail a friend       Annual reports

Thursday 24 July, 2003

Undervalued Assets

Holding(s) in Company


SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

All relevant boxes should be completed in block capital letters.

1. Name of company                   2. Name of shareholder having a major     
                                        interest                               
   Undervalued Assets Trust plc                                                
                                        Exeter Asset Management Limited        

3. Please state whether notification 4. Name of the registered holder(s) and,  
   indicates that it is in respect      if more than one holder, the number of 
   of holding of the shareholder        shares held by each of them            
   named in 2 above or in respect of                                           
   a non-beneficial interest or in      Exeter Managed Growth Fund 2,275,000   
   the case of an individual holder                                            
   if it is a holding of that                                                  
   person's spouse or children under                                           
   the age of 18                                                               
                                                                               
   Non beneficial interest                                                     

5. Number of      6. Percentage of  7. Number of shares 8. Percentage of      
   shares/amount     issued class      /amount of stock    issued class       
   of stock                            disposed                               
   acquired          -                                     0.6%               
                                       375,000                                
   -                                                                          

9. Class of security                10. Date of          11. Date company      
                                        transaction          informed          
   Ordinary Shares                                                             
                                        23 July 2003         24 July 2003      

12. Total holding following this     13. Total percentage holding of issued    
    notification                         class following this notification     
                                                                               
    2,275,000 Ordinary Shares            3.72 %                                

14. Any additional information       15. Name of contact and telephone number  
                                         for queries                           
    The current issued share capital                                           
    of Undervalued Assets Trust plc      Carolina Viola                        
    is 61,237,324 Ordinary Shares.                                             
                                         SVM Asset Management Limited          
                                                                               
                                         0131 226 6699                         

16. Name and signature of authorised company official responsible for making   
    this notification                                                          
                                                                               
    Carolina Viola                                                             
                                                                               
Date of notification ________24 July_____________2003_________