Net Asset Value(s)

Reconstruction Capital II Ltd
10 November 2006

Reconstruction Capital II Limited (the 'Company')



10 November 2006



Net Asset Value



The Company announces that at close of business on 31 October 2006 its unaudited
net asset value per share was €1.0290.



Monthly report



A monthly report which details the activities of the Company for the month ended
31 October 2006, has been issued by the investment manager of the Company.
Copies of the report have been emailed to shareholders and will also be
available, free of charge from the offices of New Europe Capital Limited, 33
Marloes Road, London W8 6LG, United Kingdom (tel: [phone]), for a
period of 30 days from the date of this announcement.



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