Circ re. Interim Report

Second Advance Value Realisation Co
25 November 2003


Second Advance Value Realisation Company Limited

Interim Report for the period 21 March 2003 to 30 September 2003

A copy of the above document has been submitted to the UK Listing Authority, and
will shortly be available for inspection at the UK Listing Authority's Viewing
Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Tel. no. 020 7676 1000

25 November 2003


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