Net Asset Value(s)
             



Puma VCT II plc
19 March 2008

Puma VCT II plc ("the Company")

As at the  close of business  on 31 January  2008, the estimated  Net
Asset Value per ordinary share ("NAV  per share") of the Company  was
106.00p.  This represents a loss of 1.5 per cent on the NAV per share
as at 31 December  2007.  The estimated  fully diluted NAV per  share
was 104.62p.

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