SOV Sovgem

    RNS Number : 8256U
  SovGEM Limited
  20 May 2008
   


    
 Press release   20 May 2008

    SovGEM Limited

    ("SovGEM" or "the Company")

    Net Asset Value Update 

    SovGEM (AIM:SOV.L), the emerging market finance house, announces that the Directors' best estimate of NAV as of close of business on 19
May 2008 is 31.24p per ordinary share.  

    The Company will hold a series of investor meetings over the next few weeks.  Details of SovGEM, its investment focus and portfolio
companies can be found at www.sovgem.com. 


    - ENDS - 

    For further information:
 SovGEM Limited
 Hugh de Lusignan, Chief Executive Officer  Tel: +44 (0) 20 7389 0655 
 hdelusignan@sovereigngroup.com 

    NOMAD & Broker
 Landsbanki
 Tom Hulme / Sebastian Jones  Tel: +44 (0) 20 7426 9000
 tom.hulme@landsbanki.com 

    Media enquiries:
 Abchurch Communications
 Charlie Jack/Monique Tsang         Tel: +44 (0) 20 7398 7706
 monique.tsang@abchurch-group.com     www.abchurch-group.com 

      
    Notes to Editors

    SovGEM Limited is an emerging market finance house incorporated in Jersey.  Its geographic investment focus includes China and other
emerging markets.  SovGEM joined AIM in November 2004 (AIM: SOV). Since joining AIM (23 November 2004) its Net Asset Value has increased
from 12.6p to 31.24 p (as of 19 May 2008).

    The Company invests in high-growth companies, virtually all of which are also already profitable. SovGEM has an extensive network of
professional advisors and associates giving the Company access to the small cap Chinese and other emerging markets. The Company aims to
realise profits by investing in these companies as they undertake a major step change either through listing, evolving to a more senior
financial market or undertaking an attractive rights issue. These investments may comprise straight equity or debt instruments with an
equity conversion scheme.  

    Further information can be found at www.sovgem.com

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