NAV per Ordinary Share

RNS Number:0753Y
Marwyn Value Investors Ltd
08 June 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 #1.534 as at 31
May 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 31 May 2007, the share price of an ordinary share in the Company
represented a discount of 12.7% to the net asset value per ordinary share.

As at 31 May 2007, the share price of an ordinary share in the Company was above
the exercise price for the Series Two Warrants.

Historic Performance

                       Estimated            Movement              Year to date
                   Undiluted NAV (#)      over Month (%)          movement (%)
2007
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
August                     1.252               1.8                    31.2
July                       1.230               4.2                    28.9
June                       1.180               0.8                    23.7
May                        1.171               7.1                    22.7
April                      1.094              14.6                    14.6
March                      0.954                 -                       -

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

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