Admission to AIM

Marwyn Value Investors II Ltd 06 October 2006 6 October 2006 Marwyn Value Investors II Limited Admission to AIM Shares and warrants in Marwyn Value Investors II Limited (the 'Company') begin trading on the Alternative Investment Market of the London Stock Exchange today (symbol: MVI) following a successful placing to institutional investors. The Company is a fund established to invest in the Marwyn Neptune Fund LP ('Marwyn Neptune Fund'), a Cayman Islands exempted limited partnership principally established to invest in UK and European small and mid-cap companies. An initial £33m fundraising has been completed through the issue of 33 million ordinary shares with a further potential for up to £40.4m through the future exercise of issued callable warrants based upon the Company's share price performance. Significant investors include GLG, Ecofin, Bluecrest, Modulus, QVT, Fidelity and Orn Capital. David Williams, Chairman of the Company, said: 'We are delighted to announce the admission to AIM of Marwyn Value Investors II following the successful launch of Marwyn Value Investors earlier this year. The launch introduces a number of additional institutions to the fund with whom, together with our existing investors, we look forward to working in the near future.' Marwyn Investment Management LLP ('Marwyn') is investment manager to the Company and the Marwyn Neptune Fund. Marwyn seeks to combine best practice private equity disciplines within the context of the public markets with the objective of achieving maximum total returns. The listing of the Company follows the successful launch on 23 February 2006 of Marwyn Value Investors ('MVI'), the initial listed company established to invest in the Marwyn Neptune Fund. Since listing, MVI has returned 39% net asset value growth as at 30 September 2006 (based on a starting net asset value of 95p). Highlights • Marwyn Neptune Fund has returned 40.2% net asset value growth since its inception on 1 March 2006 • The Company is a Guernsey incorporated closed-ended investment company, offering exposure to investments in UK and European small and mid-cap companies with market capitalisations of up to £500m • £33m raised by a placing of ordinary shares at 100p per share to institutional investors and hedge funds • Two detachable and separately traded warrants issued for every two ordinary shares: Series One exercisable within 2 years at 115p (symbol: MVI1); Series Two exercisable within 3 years at 130p (symbol: MVI2) • Pipeline of immediate and significant deal opportunities with further investment opportunities identified for the remainder of 2006 and 2007 which have a funding requirement of up to £1bn • Intention to launch a number of acquisition vehicles by early 2007 which will collectively target a broad range of sectors • Application of best practice private equity disciplines within a public market context through the provision to investee companies and management teams of 'hands-on' execution capability to deliver on acquisition led strategies. Benefit of strong relationships with institutional investors and other providers of finance together with a broad network of advisors Enquiries: Finsbury 020 7251 3801 Don Hunter Talia Druker Investment Approach of the Marwyn Neptune Fund • Focus on sectors where regulatory and/or structural change creates opportunities to leverage new or unrecognised capital value • Recruit and support proven management teams to develop and execute both organic and acquisition led strategies • Offer investee companies and management teams the benefit of strong relationships with institutions and other providers of finance together with access to a broad network of advisors Board of Directors of the Company David Williams, Executive Chairman David has 35 years' experience in the investment market and has chaired a range of public and private companies in both executive and non-executive roles. He is currently Chairman of Aldgate Capital Plc, Augean plc, Concateno plc, Marwyn Value Investors Limited, Silverdell Plc, Talarius Plc and Zetar Plc, as well as Chairman of Marwyn Investments Group Limited. Robert Ware, Executive Director Robert was previously deputy chief executive of MEPC, which was the fourth largest property company quoted on the London Stock Exchange until it was taken private in 2000 together with GE and Hermes. During his six years at MEPC, Robert and the team realised over £6bn of international properties and invested over £2bn, mostly in the UK. Prior to joining MEPC, Robert was a director of Development Securities plc. Robert is Executive Chairman of Conygar Investment Company PLC, senior non-executive director of Tarsus Group plc and a non-executive director of Raven Mount plc, Talarius plc and Wyevale Garden Centres PLC, as well as an executive director of Marwyn Value Investors Limited. David Warr, Non-executive Director David qualified as a Chartered Accountant in 1976 and has worked for the Fortis Guernsey Group since 1972, progressing to audit manager and ultimately to audit partner in 1981. Subsequently, the Fortis Guernsey Group developed into a more broadly based financial services business and as a consequence, David specialised in offshore fiduciary services. David is an Executive Director of Fortis Reads International Management Limited and is currently the engagement director for a number of substantial trust clients. Ian Clarke, Non-executive Director Ian moved to Guernsey, where he is now resident, in 1987 and has specialised in providing offshore fiduciary services since then. Ian is a Director of Fortis Fund Services (Guernsey) Limited, part of the Fortis Guernsey Group and is responsible for the administration of a number of closed ended property funds and AIM listed investment vehicles. In addition Ian has experience in managing complex trust and corporate structures. Investment Managers James Corsellis James is a director of Marwyn Investments Group Limited, a partner in Marwyn Capital LLP and Marwyn Investment Management LLP and is Deputy Chairman of Catalina Holdings Limited, as well as a director of Aldgate Capital Plc. Since September 2004, he and Mark Watts have undertaken 21 transactions, raising an amount in excess of £600m for Marwyn-backed management teams and special purpose acquisition vehicles. He was formerly CEO of icollector plc, a leading provider of live auction trading platforms. Mark Watts Mark is a director of Marwyn Investments Group Limited, a partner in Marwyn Capital LLP and Marwyn Investment Management LLP, as well as a director of investee companies Silverdell Plc, Inspicio Plc, Talarius Plc and Aldgate Capital Plc. Since September 2004, he and James Corsellis have undertaken 21 transactions, raising an amount in excess of £600m for Marwyn-backed management teams and special purpose acquisition vehicles. Mark previously worked as a management consultant on international strategic development projects for clients including Ford Motor Company (US), 3M (Europe) and financial analysis and modelling for Barclays Bank, Shell and BP in the UK. He has advised the boards of quoted UK small and mid-cap companies since 1998. Use of Placing Proceeds The entire net proceeds of the placing will initially be invested in the Marwyn Neptune Fund. This information is provided by RNS The company news service from the London Stock Exchange
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