Net Asset Value(s)

Marwyn Value Investors II Ltd
08 February 2007


8 February 2007


                       Marwyn Value Investors II Limited

                       Net Asset Value per Ordinary Share



The board of directors of Marwyn Value Investors II Limited (the 'Company')
today announce that the estimated net asset value per ordinary share of the
Company based on the estimated value of the Marwyn Neptune Fund LP is £1.080 as
at 31 January 2007. This has not been adjusted for any potential warrant
exercise dilution.

Warrant Summary

                         Number           Exercise Price     Subscription Period

Series One Warrants      16,500,000                £1.15     5 October 2008

Series Two Warrants      16,500,000                £1.30     5 October 2009


As at 31 January 2007, the share price of an ordinary share in the Company
represented a discount of 3.9% to the net asset value per ordinary share.

The share price of an ordinary share in the Company is currently below the
exercise price for the Series One Warrants and the Series Two Warrants.


Historic Performance

          Estimated Undiluted NAV   Movement over Month   Year to date movement
                           (£)                     (%)                    (%)
  2007
January                    1.080                   3.8                     3.8

  2006
December                   1.041                   4.9                     6.2
November                   0.992                   1.2                     1.2
October                    0.980                     -                       -



Enquiries to:

Fortis Fund Services (Guernsey) Limited
PO Box 119
Martello Court
Admiral Park
St Peter Port
Guernsey GY1 3HB



                      This information is provided by RNS
            The company news service from the London Stock Exchange