Supplemental Placing

Second Advance Value Realisation Co 13 May 2003 Second Advance Value Realisation Company Limited The Company is pleased to announce that 756,501 Ordinary Shares and 1,765,169 Redeemable Preference Shares have been placed, subject to listing, pursuant to the Supplemental Placing. Applications have been made to the UK Listing Authority for these shares to be admitted to the Official List and to the London Stock Exchange for these shares to be admitted to trading on the London Stock Exchange's market for listed securities. It is expected that listing will become effective and dealings will commence on 14 May 2003. Following the listing of the above shares the issued share capital of the Company will comprise 13,745,997 Ordinary Shares and 32,073,993 Redeemable Preference Shares. 13 May 2003 This information is provided by RNS The company news service from the London Stock Exchange