Net Asset Value(s)

Marwyn Value Investors II Ltd
10 April 2008

10 April 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 £1.210 as
at 31 March 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 31 March 2008, the share price of an ordinary share in the Company
represented a discount of 17.00% to the net asset value per ordinary share.



As at 31 March 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
                                     (£)                                                   (%)
March                               1.210                       -5.1                      -3.3
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



Formula Asset Value



On 11 March 2008, the directors of the Company and Marwyn Value Investors
Limited announced that they had reached agreement on the terms of a recommended
amalgamation between the two companies.



All defined terms used in the following paragraph shall have the meanings given
to them in the Company circular sent to shareholders on 11 March 2008.



In connection with the Amalgamation Proposals and for illustrative purposes
only, had the Calculation Date been 31 March 2008, the Company and Marwyn have
estimated that the FAV per Marwyn Ordinary Share would have been 147.8504p, the
FAV per Marwyn B Share would have been 94.3694p and the FAV per Existing MVI2
Share would have been 121.0255p.





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