NAV per Ordinary Share

Marwyn Value Investors II Ltd
08 June 2007

                       Marwyn Value Investors II Limited

                       Net Asset Value per Ordinary Share

The board of directors of Marwyn Value Investors II Limited (the 'Company')
today announce that the estimated net asset value per ordinary share of the
Company based on the estimated value of the Marwyn Neptune Fund LP is £1.250 as
at 31 May 2007. This has not been adjusted for any potential warrant exercise
dilution.


Warrant Summary

                             Number       Exercise Price     Subscription Period

Series One Warrants          16,500,000            £1.15     5 October 2008

Series Two Warrants          16,500,000            £1.30     5 October 2009

As at 31 May 2007, the share price of an ordinary share in the Company
represented a discount of 13.15% to the net asset value per ordinary share.

As at 31 May 2007, the share price of an ordinary share in the Company was below
the exercise price for the Series One Warrants and the Series Two Warrants.


Historic Performance
                       Estimated          Movement over     Year to date
                   Undiluted NAV (£)         Month (%)       movement (%)

2007
May                        1.250              0.0                20.1
April                      1.250              6.2                20.1
March                      1.178              5.2                13.1
February                   1.120              3.7                 7.6
January                    1.080              3.8                 3.8

2006
December                   1.041              4.9                 6.2
November                   0.992              1.2                 1.2
October                    0.980                -                   -

Enquiries to:

Fortis Fund Services (Guernsey) Limited
PO Box 119
Martello Court
Admiral Park
St Peter Port
Guernsey GY1 3HB




                      This information is provided by RNS
            The company news service from the London Stock Exchange