NAV per Share

Marwyn Value Investors II Ltd
14 August 2007


14 August 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 £1.225 as
at 31 July 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 July 2007, the share price of an ordinary share in the Company
represented a discount of 10.83% to the net asset value per ordinary share.

As at 31 July 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 Undiluted NAV (£)   Movement over Month (%)   Year to date movement (%)
2007
July                        1.225                       0.2                        17.6
June                        1.222                      -2.3                        17.4
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