ESTIMATED NET ASSET VALUE OF SHARES

    ESTIMATED NET ASSET VALUE OF SHARES
             



                   MW TOPS LIMITED (the "Company")
                 ESTIMATED NET ASSET VALUE OF SHARES

The estimated  net asset  value  per share  ("NAV")  of each  of  the
undermentioned three classes of shares of no par value in the Company
as at the close of business on Wednesday 30 July 2008 is:


Sterling Shares - GBp 1,051  ISIN: GG00B39VY027

Euro Shares     - EUR 10.37  ISIN: GG00B39VXT49

USD Shares      - USD  10.38 ISIN: GG00B39VY134


These estimated NAVs have been calculated by Marshall Wace LLP and
are estimates only.  The making of such estimates involves known and
unknown risks, uncertainties and other factors which may cause the
estimated results, performance or achievements to be materially
different from any actual results, performance or achievements.
Except as required by applicable law, the Company and Marshall Wace
LLP expressly disclaim any obligation to update or revise such
estimates to reflect any change in expectations, new information,
subsequent events or otherwise.

This document is for information purposes only and is not an offer to
invest. "The Company is registered with  the Dutch Authority for  the
Financial Markets as a collective  investment scheme which may  offer
participations in The  Netherlands pursuant  to article  2:66 of  the
Financial Markets Supervision Act (Wet op het financieel  toezicht)."
All  investments  are  subject  to  risk.   Past  performance  is  no
guarantee of future  returns.  Prospective investors  are advised  to
seek expert  legal,  financial,  tax and  other  professional  advice
before making any investment decision.  The value of investments  may
fluctuate.  Results achieved in the  past are no guarantee of  future
results.


For further information about this announcement contact:
Anson Fund Managers Limited
Secretary
Tel: [phone]

31 July 2008

E&OE - in transmission

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