CITY MERCHANTS HIGH YIELD TRUST LIMITED - Net Asset Value(s)

  City Merchants High Yield Trust Limited                                                                                         As at close of business on 18-August-2016                                                                                       NAV per Ordinary share (unaudited) with Debt at Par & Fair      Value                                                                                                                           EXCLUDING undistributed current year            184.72p         revenue                                                                                                                         INCLUDING current year                          186.26p         revenue                                                                                                                         ---