Additional Listing

New City High Yield Fund Limited
02 January 2008

                                 2 January 2008

                NEW CITY HIGH YIELD FUND LIMITED (the 'COMPANY')

ADDITIONAL LISTING

Application has been made to the UK Listing Authority and the London Stock
Exchange Plc for 9,169,600 ordinary shares of no par value ('Shares') to be
admitted to the Official List under an Ordinary Shares Blocklisting Facility.

Shares may be issued under this facility for general business purposes subject
to guidelines laid down by the Board and at prices not less than the net asset
value per share.  The Shares will, when issued, rank pari passu with the
existing issued Shares.

Enquiries
Sue Inglis/Chris Whittingslow  Intelli Corporate Finance Limited      Tel: [phone]
Adam Cooke                     New City Investment Managers Limited   Tel: [phone]








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