Net Asset Value(s) (4983F)

TIDMSED

RNS Number : 4983F

Saltus European Debt Strategies Ltd

15 June 2012

SALTUS EUROPEAN DEBT STRATEGIES LIMITED

(The "Company") (Registered in Guernsey - Number 46912)

Registered Office:

2(ND) FLOOR, REGENCY COURT, GLATEGNY ESPLANADE,

ST PETER PORT, GUERNSEY GY1 3NQ

TELEPHONE: [phone] FACSIMILE: [phone]

E-MAIL: [e-mail]

Saltus European Debt Strategies Limited

(SED LN / SED.L)

Estimated Net Asset Value as at end May 2012

15 June 2012

As at the close of business on 31 May 2012, the Company's Estimated Net Asset Value per share was as follows:

Ordinary shares

56.26p

This reflects a decrease of 0.7% versus the Net Asset Value per share on 30 April 2012, comprising a negative 0.2% foreign exchange translation effect and a negative return of 0.5% in local currency terms.

As at end May, approximately 60% of the Company's net assets were invested in EUR denominated assets, 13% in $ denominated assets and 27% in GBP denominated assets.

These valuations, which have been prepared in good faith by the Company's Sub Manager, are for information purposes only and are based on the unaudited estimated valuations supplied to the administrators or managers of the Company's underlying investments. Such estimates may be subject to little verification or other due diligence and may not comply with generally accepted accounting practices or other generally accepted valuation principles. In addition, some of those estimates may not be supplied on a regular or timely basis with the result that the values of such investments are based on the latest available estimates which may be some time before the date set out above. Other risk factors which may be relevant to this valuation are set out in the Company's prospectus dated 23 May 2007.

For more information please contact:

Jon Macintosh

Saltus Partners LLP

[phone]

Dion Di Miceli

Cenkos Securities plc

[phone]

Hugh van Cutsem

Kepler Partners LLP

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

NAVGGUGCQUPPGWA