Net Asset Value

Reconstruction Capital II Ltd
19 December 2007

Reconstruction Capital II Limited (the 'Company')

19 December 2007

Net Asset Value

The Company announces that at close of business on 30 November 2007 its
unaudited net asset value per share was €1.4357.

Monthly report

A monthly report which details the activities of the Company for the month ended
30 November 2007, 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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