Net Asset Value(s)

RNS Number:1110S
Marwyn Value Investors Ltd
10 April 2008


10 April 2008
                         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 £1.481 as at 31
March 2008. 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 March 2008 the share price of an ordinary share in the Company
represented a discount of 21.7% to the net asset value per ordinary share.

As at 31 March 2008 the share price of an ordinary share in the Company was
below the exercise price for the Series Two Warrants.


Historic Performance
                           Estimated Undiluted NAV    Movement over Month (%)     Year to date movement
                                     (£)                                                   (%)
2008
March                               1.481                       -5.2                      -3.5
February                            1.563                       3.3                        1.9
January                             1.513                       -1.4                      -1.4
2007
December                            1.534                       1.2                        6.6
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


Formula Asset Value

On 11 March 2008, the directors of the Company and Marwyn Value Investors II
Limited announced that they had reached agreement on the terms of a recommended
amalgamation between the two companies.

All defined terms used in the following paragraph shall have the meanings given
to them in the Company circular sent to shareholders on 11 March 2008.

In connection with the Amalgamation Proposals and for illustrative purposes
only, had the Calculation Date been 31 March 2008, the Company and MVI2 have
estimated that the FAV per Marwyn Ordinary Share would have been 147.8504p, the
FAV per Marwyn B Share would have been 94.3694p and the FAV per Existing MVI2
Share would have been 121.0255p.


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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