Purchase of own shares

Second Advance Value Realisation Co
11 February 2004


Second Advance Value Realisation Company Limited

Circular regarding renewal of authority to purchase own share and notice of
extraordinary general meeting to be held on 10 March 2004.

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

11 February 2004












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