Net Asset Value(s)

City Merchants High Yield Trust Limited                                        
                                                                               
As at close of business on 06-February-2017                                    
                                                                               
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value               
                                                                               
EXCLUDING undistributed current year revenue                 188.12p           
                                                                               
INCLUDING current year revenue                               189.52p           
                                                                               
LEI: 549300JLX6ELWUZXCX14                                                      
           
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