Net Asset Value(s)

RNS Number:0584U
MarketGrader 40
09 May 2008


          Fund Name           Date    ISIN Code   Ticker Shares   TER  Currency   Net Asset   
NET NAV/  CAP NAV/
                                                  Symbol   in                       Value     
  per    per Share
                                                          Issue                               
 Share

SPA ETF Plc Market Grader 40  08/05 IE00B1X4RN73  SMFT   175,000 0.85% USD      15,786,678.34 
90.2096  88.4899
                              /2008



          Fund Name           Date    ISIN Code   Ticker Shares   TER  Currency   Net Asset   
NET NAV/  CAP NAV/
                                                  Symbol   in                       Value     
  per    per Share
                                                          Issue                               
 Share

SPA ETF Plc Market Grader 40  08/05 IE00B1X4RN73  SPFT   175,000 0.85% GBP      8,069,250.13  
46.1100  45.2310
(#)                           /2008






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

END

NAVSSFSWUSASEDI