Redemption of shares circular

Second Advance Value Realisation Co 19 December 2003 Second Advance Value Realisation Company Limited Redemption of Redeemable Preference Shares circular A copy of the above document has been submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority's Viewing Facility, which is situated at: Financial Services Authority 25 The North Colonnade Canary Wharf London E14 5HS Tel. no. 020 7676 1000 19 December 2003 This information is provided by RNS The company news service from the London Stock Exchange