Net Asset Value Update

RNS Number:9007S
SovGEM Limited
23 April 2008


Press Release                                                      23 April 2008


                                 SovGEM Limited

                          ("SovGEM" or "the Company")

                Net Asset Value Update and Investor Presentation

SovGEM (AIM:SOV.L), the emerging market finance house, announces that the
Directors' best estimate of NAV as of close of business on 21 April 2008 is
27.4p per ordinary share.

The Company will today hold an investor presentation meeting.  Copies of the
presentation can be found at the Company's website www.sovgem.com


                                    - ENDS -



For further information:
SovGEM Limited
Hugh de Lusignan, Chief Executive Officer              Tel: [phone]
[e-mail]

NOMAD & Broker
Landsbanki
Tom Hulme / Sebastian Jones                            Tel: [phone]
[e-mail]

Media enquiries:
Abchurch Communications
Charlie Jack/Monique Tsang                             Tel: [phone]
[e-mail]                          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 27.4p (as of 21 April 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
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