Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                         
                                                                                       
As at close of business on 02-March-2020                                               
                                                                                       
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                       
                                                                                       
EXCLUDING undistributed current year revenue                          187.71p          
                                                                                       
INCLUDING current year revenue                                        189.14p          
                                                                                       
LEI: 549300JLX6ELWUZXCX14