Transaction in Own Shares

Second Advance Value Realisation Co
19 January 2005


Purchase of own Ordinary 0.01p Shares

Second Advance Value Realisation Company Limited announces that it has today, 19
January 2005, purchased 468,601 of its own Ordinary 0.01p Shares in the market
for cancellation at a price of 205.125p per share.

The remaining outstanding securities in the above class after the cancellation
of the shares will be 2,660,521.





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