Net Asset Value(s)

New City High Yield Fund Limited
28 September 2007



Date of Announcement: 28/09/2007

Below is shown the unaudited net asset value for the Company as at close of
business on 27/09/2007

NAV per share (at bid market values) in £ sterling. Pence per share.

New City High Yield Fund Ltd                                           52.23

Note: NAVs are diluted, where appropriate.


                      This information is provided by RNS
            The company news service from the London Stock Exchange   D
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