Net Asset Value(s)

RNS Number : 4813A

Marwyn Value Investors Limited

08 October 2009

8 October 2009

Marwyn Value Investors Limited

Net Asset Value per Ordinary Share

The board of directors of Marwyn Value Investors 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 £0.874 as at 30 September 2009. This has not been adjusted for any potential warrant exercise dilution.

Warrant Summary

Number Exercise Price Subscription Period

23,259,055 £1.15 30 September 2010

As at 30 September 2009 the share price of an ordinary share in the Company represented a discount of 29.0% to the net asset value per ordinary share.

As at 30 September 2009 the share price of an ordinary share in the Company was below the exercise price for the warrants.

Historic Performance

2009	Estimated Undiluted NAV (£)	Movement over Period (%)	Movement over Month (%)	Year to date Movement (%)
Sept 30	0.874	+4.2	+4.9	+26.7
Sept 18	0.839	-1.3	+0.7	+21.7
Sept 11	0.850	+2.3	+2.1	+23.3
Sept 4	0.832	-0.1	-0.1	+20.6
August 28	0.833		+1.7	+20.8
July 31 *	0.819		-7.6	+18.8
June 30	0.887		-2.1	+28.6
May 29	0.905		+24.1	+31.3
April 30	0.730		+8.4	+5.8
March 31	0.673		+2.4	-2.4
February 28	0.657		+1.1	-4.7
January 31	0.650		-5.7	-5.7
2008
December 31	0.689		-8.7	-44.9
November 30	0.755		-6.8	-39.6
October 31	0.811		-16.5	-35.2