Net Asset Value(s)

Marwyn Value Investors II Ltd
07 March 2008




07 March 2008

                       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 £1.275 as
at 29 February 2008.  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 29 February 2008, the share price of an ordinary share in the Company
represented a discount of 20.4% to the net asset value per ordinary share.

As at 29 February 2008, the share price of an ordinary share in the Company was
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
                                     (£)                                                   (%)
February                            1.275                       3.3                        1.9
January                             1.234                      -1.4                       -1.4
2007
December                            1.251                       1.2                       20.1
November                            1.236                       0.1                       18.8
October                             1.235                       4.3                       18.7
September                           1.184                       1.0                       13.8
August                              1.173                      -4.2                       12.7
July                                1.225                       0.2                       17.6
June                                1.222                      -2.3                       17.4
May                                 1.250                       0.0                       20.1
April                               1.250                       6.2                       20.1
March                               1.178                       5.2                       13.1
February                            1.120                       3.7                        7.6
January                             1.080                       3.8                        3.8




Enquiries to:

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



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