Net Asset Value(s)

City Merchants High Yield Trust Limited                                               
                                                                                      
As at close of business on 07-February-2019                                           
                                                                                      
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                      
                                                                                      
EXCLUDING undistributed current year revenue                         180.06p          
                                                                                      
INCLUDING current year revenue                                       181.29p          
                                                                                      
LEI: 549300JLX6ELWUZXCX14                                                             
                                                                                      
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