Net Asset Value(s)

Advance Focus Fund Limited announces that its unaudited Net Asset
Value (NAV) (including income accrued to date and after providing for
the estimated costs of returning the Company's assets to
shareholders) as at the close of business on 31 March 2008 was
£28.169 million, representing a NAV of 112.06 pence per share.

At the close of business on 31 March the company's net assets were
distributed as follows: 95.3% cash, treasury bills and cash
receivable from a bid, and 4.7% FTSE Small Cap.

Investments in the Company's portfolio have been valued on a bid
price basis in the above calculations.

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http://www.pro-asset.com/

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