Net Asset Value(s)-Replacemnt

New City High Yield Fund Limited
03 December 2007



The announcement below replaces RNS Number 0463J released on 03 December 2007
at 15:40.

The date in the first paragraph should have read 30/11/2007 and not 29/11/2007.


From: Michael Campbell- F&C Asset Management plc

To:   RNS


Date of Announcement: 03/12/2007


Below is shown the unaudited net asset value for the Company as at close of
business on 30/11/2007

NAV per share (at bid market values) in £ sterling. Pence per share.


New City High Yield Fund Ltd                                               51.52

Note: NAVs are diluted, where appropriate.

                      This information is provided by RNS
            The company news service from the London Stock Exchange
                    E