Net Asset Value(s)
             



Puma VCT II plc
11 July 2008

Puma VCT II plc ("the Company")

As at the close of business on  31 May 2008, the estimated Net  Asset
Value per  ordinary  share  ("NAV  per share")  of  the  Company  was
106.89p.  This represents a gain of 1.7 per cent on the NAV per share
since 30 April 2008.  The estimated  fully diluted NAV per share  was
105.33p.

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