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SVG Capital PLC (SVI)

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Monday 09 January, 2006

SVG Capital PLC

Portfolio Update

SVG Capital PLC
09 January 2006

For immediate release 9 January 2006



                                SVG CAPITAL PLC

           QUARTERLY PORTFOLIO DISCLOSURE OF TEN LARGEST INVESTMENTS



SVG Capital announces that at 31 December 2005, its ten largest investments
were:


Company                            *% of Gross  *% of Net Assets       *** Unaudited Valuation of holding at
                                        Assets                                              31 December 2005

                                                                                                         £'m

SEAT Pagine Gialle**                       6.7               7.1                                        57.8
Avnet (Memec)**                            6.2               6.5                                        53.1
Ferretti                                   5.5               5.7                                        46.8
Gala                                       4.9               5.2                                        42.4
Travelodge & Little Chef                   4.0               4.2                                        33.9
SBS Broadcasting                           3.6               3.8                                        30.8
AA                                         3.3               3.5                                        28.2
Parkway Holdings**                         2.9               3.1                                        24.9
New Look                                   2.6               2.8                                        22.6
austriamicrosystems**                      2.5               2.6                                        21.4



* Gross and Net Assets as at 30 June 2005.


** In accordance with International Financial Reporting Standards quoted
investments have been valued at bid prices with no discount. Applying the
recommended International Private Equity and Venture Capital (IPEVC) valuation
guidelines' illiquidity discount, SVG Capital's holdings in these companies
would be valued at:


Company                                                  *** IPEVC unaudited valuation of
                                                                               holding at
                                                                         31 December 2005
                                                                                      £'m
SEAT Pagine Gialle                                                                   43.3
Avnet (Memec)                                                                        39.8
Parkway Holdings                                                                     19.9
austriamicrosystems                                                                  18.2



***  The unaudited valuation at 31 December 2005 was calculated on the
basis of the asset valuation at 30 June 2005. With the exception of new and
quoted investments, the asset valuation has not been adjusted for any currency
movements or cash distributions since 30 June 2005.



SVG Capital's underlying portfolio of companies will be revalued in accordance
with International Financial Reporting Standards and IPEVC guidelines at 31
December 2005. This valuation will be announced in March 2006.



This announcement was made in accordance with the Listing Rule 21.20 (l) (ii)
which requires, inter alia, UK listed Investment Companies to notify to a
Regulatory Information Service, within two business days of the end of each
quarter, a list of all investments with a value greater than 5% of the Company's
gross assets and at least the Company's ten largest investments as at the last
business day of that quarter.



For further information, please contact:

SVG Capital plc
Alice Todhunter
                           020 7010 8925


                      This information is provided by RNS
            The company news service from the London Stock Exchange