Further re Issue of Equity

To:                THOMSON REUTERS
From:            New City High Yield Fund Limited
Date:             13 March 2013

Further re. Issue of Equity

Further to its announcement on 8 March 2013 of an issue of 4,521,758 new ordinary shares of no par value (the "New Shares") for cash at a price of 65.99 pence per share, the Company confirms that the applications for the New Shares to be admitted (i) to the premium segment of the Official List of the UK Listing Authority, (ii) to trading on the London Stock Exchange's main market for listed securities, (iii) to the Daily Official List of Channel Islands Stock Exchange, LBG and (iv) to trading on Channel Islands Stock Exchange, LBG, have been granted.  The New Shares have been issued to Cantor Fitzgerald Europe, the Company's corporate broker, to enable it to respond to market demand.   Dealings in the New Shares will commence on 14 March 2013.

Enquiries

Adam Cooke	New City Investment Managers	T: 020 7201 6900
Martin Cassels / Philip Rorke	R&H Fund Services Limited	T: 0131 625 2951/ 0131 625 2953

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Source: New City High Yield Fund Ltd via Thomson Reuters ONE

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