SVG Capital : Miscellaneous Reduction of Capital

SVG Capital plc (the 'Company')

2 March 2017

Reduction of Capital

The Company announces that, as contemplated by the shareholder circular dated 23 January 2017 and pursuant to a shareholders resolution of the Company passed on 9 February 2017, the High Court of Justice of England and Wales (the 'Court') approved the Company's reduction of capital at a hearing held on 1 March.

The Court Order approving the reduction of capital has today been registered with the Registrar of Companies and accordingly the reduction of capital has now become effective.

The reduction of capital involves:

(A) the amount standing to the credit of the share premium account of the Company being cancelled and extinguished;

(B) the amount standing to the credit of the capital redemption reserve of the Company being cancelled and extinguished; and

(C) the share capital of the Company being reduced by cancelling and extinguishing £0.90 from each issued ordinary share of £1.00 with the nominal value of each issued ordinary share reducing from £1.00 to £0.10.

Therefore, the Company's total issued share capital now comprises 65,445,000 ordinary shares of £0.10 each.

It is expected that the Official List of the UK Listing Authority will be updated to reflect the change in the nominal value of the Company's ordinary shares on 3 March 2017.

No new share certificates will be issued as a result of the reduction of capital.

For further information please contact:

SVG Capital plc
Stuart Ballard: 020 3457 0090