Net Asset Value(s)

RNS Number:9358Z
Equity Special Situations Limited
10 July 2007



                       Equity Special Situations Limited
                            ("ESS" or the "Company")

                             Net Asset Value Update

Equity Special Situations Limited (AIM: EQS), the strategic investment company,
today announces that  the unaudited Net Asset Value of the Company was 152.2
pence per share on 30 June 2007 - a 12.3% rise on ESS's audited Net Asset Value
of 135.49 pence on 31 December 2006.

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About Equity Special Situations Limited

Equity Special Situations is a Guernsey registered investment company that was
admitted to AIM in August 2004. Its investment strategy is to purchase and hold
significant stakes in companies and investment funds and then to assist
management in company growth. Its current focus is on the EU financial services
sector. Significant holdings include Syndicate Asset Management plc, STM Group
plc, Noble Investments plc and Avarae Global Coins plc. For further information
on the Company, please go to www.equityspecialsituations.com

Further information:

 Equity Special Situations       Noble & Company Limited                    GTH
          Limited                                                     Communications
       Peter Griffin                  John Riddell               Toby Hall/Jade Mamarbachi
    [phone]      [phone]                    [phone]



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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