Net Asset Value(s)

Advance Focus Fund Limited announces that its unaudited Net Asset
Value (NAV) (including income accrued and after providing for the
recommended final dividend of 1.5p for the year ended 30 September
2007) as at the close of business on 15 February 2008 was £28.717
million, representing a NAV of 114.24 pence per share.

At the close of business on 15 February the portfolio was distributed
as follows: 6% cash, 47% FTSE 100 shares and trackers, 21% FTSE mid
250 shares and trackers, 22% FTSE Small Cap and 4% AIM.

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

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

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