Net Asset Value(s)
             



Puma VCT II plc
28 September 2007

Puma VCT II plc ("the Company")

As at the  close of  business on 31  August 2007,  the estimated  Net
Asset Value per ordinary share ("NAV  per share") of the Company  was
112.66p.  This represents a loss of 2.4 per cent on the NAV per share
as at 31 July 2007.   The estimated fully  diluted NAV per share  was
109.95p.

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