SOV Sovgem

    RNS Number : 0429J
  SovGEM Limited
  27 November 2008
   

 Press release   27 November 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 the Company's NAV as of close of
business on 26 November 2008 is 15.5p per ordinary share.  

    The recalculation of NAV includes a revaluation of our unquoted portfolio by the Directors to reflect recent market developments.

    The Directors' note that recent market turmoil has meant that asset values may vary dramatically on a daily basis.

    - ENDS - 

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

    NOMAD & Broker
 Hanson Westhouse Limited
 Tim Metcalfe/ Martin Davison          Tel: +44 (0)20 7601 6100
                               tim.metcalfe@hansonwesthouse.com
                                        www.hansonwesthouse.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). 

    The Company invests in high-growth companies, the majority of which are 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 pre-IPO, listing or evolving to a more
senior financial market. 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
 
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