LCSR Lewis Char. (See LSE:RPF)

    LEWIS CHARLES ROMANIA PROPERTY FUND LIMITED (the
"Company")

The published net asset value (the "NAV") of the Company as at close of business
30 June 2008 was as follows:

Ordinary shares of no par value       GBP 1.72 per share
(GBP)

The NAV will be calculated calendar half yearly in Euros and then converted to
Sterling at the prevailing exchange rate at the valuation point.

An adjustment is required within the financial statements to record the value of
the inventory / property assets from fair value, as used for the published Net
Asset Value, to the lower of cost and net realisable value as required under
International Accounting Standard 2 "Inventories".
 
                                         NAV         NAV PER SHARE 
                                        EURO        EURO        GBP
Net Asset Value
per financial statements              34,282,011    1.75       1.38

Add back:
Adjustment to value of properties      7,897,514    0.40       0.32
Adjustment to performance fee           (876,665)  (0.04)     (0.03)
Preliminary expenses - Amortised       1,173,160    0.06       0.05
           
Published Net Asset Value             42,476,020    2.17       1.72
           
The Company's principal documents require the dealing valuation of the Company's
net assets to include preliminary expenses incurred in the establishment of the
Company, such expenses to be amortised over the expected life of the Company.
However, this accounting treatment is not permitted for financial reporting
purposes and has been adjusted accordingly within these financial statements.


For further information contact:

Bachmann Fund Administration Limited, Company Secretary,
Tel + 44 (0)1481 723573

Grafico Azioni Lewis Char. (See LSE:RPF) (LSE:LCSR)
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Da Mag 2024 a Giu 2024

Grafico Azioni Lewis Char. (See LSE:RPF) (LSE:LCSR)
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Da Giu 2023 a Giu 2024