Net Asset Value(s)

City Merchants High Yield Trust Limited                        
                                                               
As at close of business on 02-October-2017                     
                                                               
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                                                          
                                                               
EXCLUDING undistributed current year revenue            193.64p        
                                                               
INCLUDING current year revenue                          196.08p        
                                                               
LEI: 549300JLX6ELWUZXCX14