The Value Catalyst Fund Limited ("VCF" or "the Company")
Change of the valuation basis of the Net Asset Value of the Company
The Board of The Value Catalyst Fund Limited (AIM: VCF) announces that it has
resolved that the Company should amend the calculation basis of the Net Asset
Value ("NAV") of the Company in order to reflect the requirements of
International Accounting Standard 39 ("IAS 39"). Under the terms of the IAS 39,
long positions are to be valued at bid price and short positions are to be
valued at offer price. The financial statements of the Company are currently
adjusted to comply with the IAS 39.
The amendment to the valuation basis of the NAV of the Company is with effect
from July 2007 and the first NAV, post the change to the valuation basis of the
NAV, will be announced on 9 July 2007. The Company does not anticipate that
this change in valuation basis will have a material impact on the NAV.
6 July 2007
Smith & Williamson Corporate Finance Limited +44 (0)20 7131 4000
Dr Azhic Basirov / Siobhan Sergeant