Marwyn Value Investors LtdLSE: MVR2

Marwyn Value Investors: Net Asset Values

Oct 19, 2026 at 6:00 AM EDT · Issued by Marwyn Value Investors Ltd via RNS

Summary by 6ix AI

Marwyn Value Investors Limited estimates its net asset value (NAV, the value of its assets minus liabilities) at £2.641 per Ordinary Share as at October 16, 2026. The estimate is based on the value of its interests in Marwyn Value Investors L.P.

Key details

The estimated Ordinary Share NAV totals £146.6m. The largest holdings are InvestAcc Group at £40.0m, Zegona Communications at £38.5m, AdvancedAdvT at £30.0m and Le Chameau at £23.8m. Cash is £3.4m and other assets and liabilities are a net (£23.5m).
The estimated NAV per 2016 Realisation Share is £4.231, with a total of £2.9m. This class holds Zegona Communications at £0.7m, Le Chameau at £1.4m and cash of £1.3m.
The estimated NAV per 2021 Realisation Share is £3.019, with a total of £1.09m. This class includes cash of £0.42m.
Investments are held at fair value under International Financial Reporting Standards (IFRS). Actively traded quoted shares are valued at their listed price. Unquoted investments are valued quarterly, or when a material change occurs, under International Private Equity and Venture Capital guidelines.
Le Chameau is held through Silvercloud Holdings Limited.

What’s still pending

All net asset value figures are estimates.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/net-asset-values-10724

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO

LEI: 213800L5751QTTVEA774

19 October 2026

Marwyn Value Investors Limited

Net Asset Values

The board of directors of Marwyn Value Investors Limited (the "Company") today announces the following estimated net asset value ("NAV") information, based on the estimated value of its interests in Marwyn Value Investors L.P. as at 16 October 2026:

Ordinary Shares

The estimated NAV per Ordinary Share is £2.641. Based upon the Company's indirect investments, the estimated allocation of the Ordinary Share NAV is:

Ordinary Shares	Total Value (£m)¹	NAV/pence per Ordinary Share	% of NAV
Investment Portfolio
Quoted investments
AdvancedAdvT	30.0	54.1	20.5%
InvestAcc Group	40.0	72.1	27.3%
MAC Alpha	1.4	2.5	1.0%
Marwyn Acquisition Company III	4.4	8.0	3.0%
Marwyn Value Investors Limited (ordinary shares)	15.1	27.3	10.3%
Zegona Communications	38.5	69.4	26.3%
Unquoted investments
450	1.6	2.9	1.1%
Le Chameau²	23.8	43.0	16.3%
Palmer	11.7	21.2	8.0%
Total Value	166.7	300.4	113.7%
Cash	3.4	6.1	2.3%
Other assets / liabilities	(23.5)	(42.4)	(16.0)%
Net Asset Value	146.6	264.1	100.0%

2016 Realisation Shares

The estimated NAV per 2016 Realisation Share is £4.231. Based upon the Company's indirect investments, the estimated allocation of the 2016 Realisation Share NAV is:

2016 Realisation Shares	Total Value (£m)¹	NAV/pence per 2016 Realisation Share	% of NAV
Investment Portfolio
Quoted investments
Zegona Communications	0.7	97.5	23.0%
Unquoted investments
Le Chameau²	1.4	209.1	49.4%
Total Value	2.1	306.6	72.5%
Cash	1.3	194.8	46.0%
Other assets / liabilities	(0.5)	(78.4)	(18.5)%
Net Asset Value	2.9	423.1	100.0%

2021 Realisation Shares

The estimated NAV per 2021 Realisation Share is £3.019. Based upon the Company's indirect investments, the estimated allocation of the 2021 Realisation Share NAV is:

2021 Realisation Shares	Total Value (£m)¹	NAV/pence per 2021 Realisation Share	% of NAV
Investment Portfolio
Quoted investments
AdvancedAdvT	0.19	52.5	17.4%
InvestAcc Group	0.25	69.9	23.1%
Marwyn Acquisition Company III	0.03	7.7	2.6%
Zegona Communications	0.24	66.8	22.1%
Unquoted investments
450	0.01	2.8	0.9%
Le Chameau²	0.11	29.6	9.8%
Total Value	0.83	229.3	75.9%
Cash	0.42	115.6	38.3%
Other assets / liabilities	(0.15)	(42.9)	(14.2)%
Net Asset Value	1.09	301.9	100.0%

Notes

¹ Portfolio investments are held at fair value in accordance with International Financial Reporting Standards ("IFRS"). Quoted investments with sufficient volume and frequency of trading to constitute an 'active market' under IFRS are held at their listed price on the valuation date. Unquoted investments, and quoted investments where there is no active market, are valued in accordance with International Private Equity and Venture Capital guidelines on a quarterly basis or whenever there is a material change in the investment which would indicate a significant change in valuation.

² The investment in Le Chameau is held through Silvercloud Holdings Limited ("Silvercloud"), with the value allocated to Le Chameau being the value attributable to each share class of Marwyn Value Investors L.P.'s investment in Silvercloud.

Shares in the Company are not designed or intended for retail investors. Marwyn Investment Management LLP, the Manager, does not promote shares in the Company to retail investors and they should not be offered to retail investors.

Enquiries to:

Marwyn Value Investors Limited

Scott Danks

scottdanks@marwyn.com

Company Secretary - Palmer Fund Services (Jersey) Limited

marwyn@palmerfs.com

1 Grenville Street

St Helier

Jersey JE2 4UF

Marwyn Value Investors Ltd on 6ix