Net Asset Value

To:                THOMPSON REUTERS
From:            New City High Yield Fund Limited
Date:             7 January 2013

Compliance with Model Code

New City High Yield Fund Limited ("the Company")

Listing Rule 15.5.1 (4)

In accordance with Listing Rule 15.5.1 (4), ("the Company") announces that it is satisfied that all inside information which the Directors and the Company may have to 31 December 2012 has previously been notified via a regulatory information service and, therefore, the dealings referred to in LR 15.5.1.(3) are permitted.

For further information please contact:

Martin A Cassels / Philip Rorke
R&H Fund Services Limited
0131 625 2951 / 2953

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information contained therein.

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

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