Net Asset Value(s)
             



Puma VCT II plc
22 October 2008

Puma VCT II plc ("the Company")

As at the close of business  on 30 September 2008, the estimated  Net
Asset Value per ordinary share ("NAV  per share") of the Company  was
99.05p.  This represents a loss of 2.4 per cent on the NAV per  share
since 31 August 2008. The estimated  fully diluted NAV per share  was
98.76p.

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