SVG Capital : Results of Tender Offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

SVG Capital plc (the 'Company')

16 December 2016

Results of Tender Offer

The Company today announces the results of the Tender Offer set out in the shareholder circular published by the Company on 17 November 2016 (the 'Circular') and which closed on 15 December 2016.

122,492,644 Ordinary Shares were validly tendered and, following application of the scale-back mechanism (as set out in the Circular), 48,951,048 Ordinary Shares will be purchased at a price per Ordinary Share of 715 pence, for a total cost of £349,999,993.20. This represents approximately 31.36 per cent. of the issued share capital of the Company (excluding treasury shares). Shareholders who tendered more than their Individual Basic Entitlement (being 31.36 per cent. of their holdings of Ordinary Shares as at the Tender Offer Record Date) were scaled back by 96.0577892587 per cent. of the number of excess shares tendered.

It is anticipated that the proceeds payable to the Company's Shareholders for the certificated Ordinary Shares purchased under the Tender Offer will be despatched by 23 December 2016 in the form of a cheque and that CREST account holders will have their CREST accounts credited by 20 December 2016.

As set out in the Circular, the Ordinary Shares will be purchased by J. P. Morgan Cazenove pursuant to the Tender Offer and the Company will buy-back such Ordinary Shares from J. P. Morgan Cazenove. The Company intends to cancel such Ordinary Shares, reducing its total issued share capital from 171,789,499 Ordinary Shares to 122,838,451 Ordinary Shares (of which 15,679,529 Ordinary Shares are held in treasury).

Capitalised terms used in this announcement have the same meaning as ascribed to them in the Circular.

For further information please contact:

SVG Capital plc
Stuart Ballard: 020 3457 0090