Net Asset Value(s)

City Merchants High Yield Trust Limited                                     
                                                                            
As at close of business on 02-August-2017                                   
                                                                            
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value            
                                                                            
EXCLUDING undistributed current year revenue              194.01p           
                                                                            
INCLUDING current year                                    194.87p           
revenue                                                                     
                                                                            
LEI: 549300JLX6ELWUZXCX14                                                   
                                                                            
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