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TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

SVG Capital Plc 

2. Reason for the notification 

(please place an X inside the appropriate bracket/s):

An acquisition or disposal of voting rights: (  )  

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

An event changing the breakdown of voting rights: (  )

Other (please specify) (X)

On market transfer between direct and indirect funds.

3. Full name of person(s) subject to notification obligation:

Aviva plc & its subsidiaries

4. Full name of shareholder(s) (if different from 3) :

BNY Norwich Union Nominees Limited

5,649,981*

Chase GA Group Nominees Limited

37,965,010*

Chase Nominees Limited

1,553,051*

CUIM Nominee Limited

1,411,690*

Chase Nominees Limited

6,678,571

Vidacos Nominees Limited

42,654

* denotes direct interest

5. Date of transaction (and date on which the threshold is crossed or reached):

   15 January 2010

6. Date on which issuer notified:

   18 January 2010

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

14% to 15% Change at Direct Interest Level

8. Notified Details:

A: Voting rights attached to shares

Class/type of shares if possible use ISIN CODE	Situation previous to the triggering transaction
	Number of shares	Number of voting rights
Ordinary Shares GB0007892358	53,152,521	53,152,521

Resulting situation after the triggering transaction

Class/type of shares if possible use ISIN CODE	Number of shares	Number of voting rights		% of voting rights
	Direct	Direct	Indirect	Direct	Indirect
Ordinary Shares GB0007892358	53,300,957	46,579,732	6,721,225	15.01%	2.16%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument	Expiration date	Exercise/conversion period/date	No. of voting rights that may be acquired (if the instrument exercised/ converted)	% of voting rights
N/A

Total (A+B)

Number of voting rights	% of voting rights
53,300,957	17.17%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable :

 

 The voting rights are managed and controlled by Aviva Investors Global Services Limited, with the following chain of controlled undertakings:-

   Aviva Investors Global Services Limited:

Aviva plc (Parent Company)

Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)

Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group Holdings Limited)

Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva Investors Holdings Limited)

10. Additional information:

   See Section 4

11. Additional Information:

Figures are based on a revised total number of voting rights of 310,407,923.

11. Contact name:

John Spedding

12. Contact telephone number:

020 7658 3206

13. Additional Information:

Date: 20 January 2010

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