Net Asset Value

To:                THOMSON REUTERS
From:            New City High Yield Fund Limited
Date:             27 September 2013

Net Asset Value

The unaudited net asset value (NAV) of the Company is noted below in pence per share. NAVs are calculated in accordance with stated policies. Applicable accounting standards and AIC recommendations are followed.

The NAV per ordinary share as at the close of business on 26 September 2013 was:

	Pence per Share Cum             Ex Income         Income
Basic	60.41            59.07

For further information please contact:

Martin Cassels / Philip Rorke

R&H Fund Services Limited
0131 524 6140/ 6139

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Source: New City High Yield Fund Ltd via Thomson Reuters ONE

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