Top Ten Holdings

New City High Yield Fund Limited
03 April 2007



To:          RNS
From:        New City High Yield Fund plc
Date:        03-Apr-07

Listing Rule 15

In accordance with paragraph 15.4.11(2) of the Listing Rules New City High Yield
Fund plc announces its top ten holdings, including all holdings with a value
greater than 5% of its gross assets, as at 30-Mar-07:


New City High Yield Fund

Top 10 Holdings

Company                                            % Total Assets

Balfour 10.75% CumPf                               5.2
Georgica FRN 30/6/12                               4.0
Real Est 7.5% 2011                                 3.9
Novae 7% 15/12/08                                  3.2
Equit Life Fi 8% 07                                2.9
Alliance Pha 8 Cv 13                               2.7
Corp Ser 10% 29/4/11                               2.6
Gen Motors 8.875 23                                2.5
Premier Far Cum Pref                               2.3
Libra Natur 8% Cv 10                               2.3
Holdings greater than 5% of total fund value
Balfour 10.75% CumPf                               5.2


For further information please contact:

Michael Campbell
F&C Asset Management plc
0131 718 1000




                      This information is provided by RNS
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