TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

(1). Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached (ii): SVM UK Emerging Fund Plc



(2). Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights: (X )

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: ( )

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments: ( )


An event changing the breakdown of voting rights: ( )

Other (please specify) : ( )

(3). Full name of person(s) subject to the notification obligation (iii): SVM
Asset Management Ltd



(4). Full name of shareholder(s) (if different from 3.) (iv): SVM Asset
Management Ltd and client holdings



(5). Date of the transaction and date on which the threshold is crossed or
reached (v): 13/01/2014



(6). Date on which issuer notified: 13/01/2014



(7). Threshold(s) that is/are crossed or reached: 25%



(8). Notified details:

A: Voting rights attached to shares (viii, ix)

Class/type of shares (if possible using the ISIN code): GB0000684174

Situation previous to the triggering transaction:
Number of Shares: 1,469,000
Number of Voting rights: 1,469,000

Resulting situation after the triggering transaction:
Number of shares: 1,828,000
Direct: 1,828,000
Number of voting rights:
Direct (xi): 1,828,000
Indirect (xii):

% of voting rights (x):
Direct: 25.3%
Indirect:

B. Qualifying Financial Instruments

Resulting situation after the triggering transaction:

Type of financial instrument:

Expiration date (xiii):

Exercise/Conversion Period (xiv):

Number of voting rights that may be acquired if the instrument is exercised/
converted:

% of voting rights:

C. Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi

Resulting situation after the triggering transaction:

Type of financial instrument:

Exercise price:

Expiration date (xvii):

Exercise/Conversion period (xviii):

Number of voting rights instrument refers to:

% of voting rights (xix, xx):

Nominal:

Delta:

Total (A + B + C):

Number of voting rights: 1,828,000

% of voting rights: 25.3%


(9). Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable (xxi): SVM Asset
Management Ltd, James Hay Partnership SIPP A/C, Charles Stanley ISA A/C



Proxy Voting:

(10). Name of the proxy holder:



(11). Number of voting rights proxy holder will cease to hold:



(12). Date on which proxy holder will cease to hold voting rights:



(13). Additional information:



(14). Contact name: Claire Smith





(15). Contact telephone number: 0131 718 5621

Date: 15/01/2014