Net Asset Value

The Net Asset Value per share (NAV) of the Citadel Value Fund is published on the first and third Tuesday of each month. The next NAV publication will be on Tuesday August 3rd, 2010.

The NAV per share as of July 19th, 2010 was: EUR 123.20

Source: European Fund Administration

The end-of-year NAV estimates are:

December 31st, 2009: 119.52

December 31st, 2008:   87.76

December 31st, 2007: 136.76

December 31st, 2006: 137.40

December 31st, 2005: 125.20

December 31st, 2004: 111.78

December 31st, 2003:   95.41

December 31st, 2002:   81.58