NAV Announcement

RNS Number:5724J
Marwyn Value Investors Ltd
10 December 2007



                         Marwyn Value Investors Limited

                       Net Asset Value per Ordinary Share


The board of directors of Marwyn Value Investors Limited (the "Company") today
announce that the estimated net asset value per ordinary share of the Company
based on the estimated value of the Marwyn Neptune Fund LP is #1.516 as at 30
November 2007. This has not been adjusted for any potential warrant exercise
dilution.


Warrant Summary

                       Number       Exercise Price         Subscription Period


Series Two Warrants   7,500,000        #1.30                22 February 2009

As at 30 November the share price of an ordinary share in the Company 
represented a discount of 26.2% to the net asset value per ordinary share.

As at 30 November the share price of an ordinary share in the Company was above
the exercise price for the Series Two Warrants.


Historic Performance

                       Estimated               Movement over        Year to date
                    Undiluted NAV (#)           Month  (%)           movement(%)        
   2007
November                   1.516                   0.2                     5.3
October                    1.514                   4.3                     5.1
September                  1.452                   0.9                     0.8
August                     1.439                 -4.17                    -0.1
July                       1.502                   0.2                     4.3
June                       1.499                  -2.3                     4.1
May                        1.534                   0.0                     6.5
April                      1.534                  -5.7                     6.5
March                      1.626                   5.1                    13.0
February                   1.547                   3.6                     7.4
January                    1.493                   3.7                     3.7

   2006
December                   1.440                   4.8                    50.9
November                   1.374                   1.3                    44.0
October                    1.357                   2.6                    42.2
September                  1.323                   5.7                    38.6


Enquiries to:
Fortis Fund Services (Guernsey) Limited
PO Box 119
Martello Court
Admiral Park
St Peter Port
Guernsey, GY1 3HB



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

END
MSCEBLFFDLBBFBF