Net Asset Value(s)

RNS Number : 4791O

RIT Capital Partners PLC

06 March 2009

 



The unaudited net asset value (NAV) of RIT Capital Partners plc as at 27 February 2009 was 921.0p per £1 ordinary share (30 January 2009: 936.0p per £1 ordinary share). This NAV reflects the most recent valuations received from our external managers. The majority of our holdings in private equity partnerships are included in the NAV on the basis of valuations calculated as at 30 September 2008. However, holdings representing 19% of this asset class have been revalued as at 31 December 2008.  This asset class currently totals £250m.

The valuation of our unquoted portfolio, last formally reviewed as at 30 September 2008, has been adjusted for subsequent purchases and sales, as well as currency movements. In addition, we have reduced the value of certain investments by £26m in response to specific developments since September.  This asset class currently totals £313m.  The next detailed six-monthly review is currently underway, and the results will be reflected in the 31 March 2009 Report and Accounts. Quoted investments are valued at the closing bid price.

 

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