NAV and portfolio update
             



NAV and portfolio update

Third Advance Value Realisation Company Limited announces that as at
the close of business on 12 December 2008 its unaudited net asset
value was 75.49 pence per Ordinary Share.

The investments in the Company's portfolio have been valued at bid
price and 14,591,942 Ordinary Shares used in the above calculation.
The above net asset value includes the current financial year revenue
deficit.

At 12 December 2008 the net assets included cash and Treasury Bills
with a value of �10.7m, representing 97 per cent. of the net assets
at that date. The Company has two remaining equity investments.

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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.



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