THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO

LEI: 213800L5751QTTVEA774

24 DECEMBER 2021

Marwyn Value Investors Limited ("MVIL" or the "Company")

Launch of MAC Alpha Limited ("MAC Alpha")

The Company announces the admission to the standard segment of the Official List and to trading on the London Stock Exchange's Main Market of a new listed acquisition company, MAC Alpha.

The directors of MAC Alpha, initially being James Corsellis and Mark Brangstrup Watts, believe that the current economic environment will present attractive opportunities to invest in, improve and grow companies in partnership with an industry leading executive or management team and have developed a listed acquisition company model that will enable trusted and successful management partners to identify value enhancing opportunities before raising additional capital.

MAC Alpha will consider a broad range of sectors. Those sectors which the MAC Alpha directors currently believe will provide the greatest opportunity, and on which MAC Alpha will initially focus, include Automotive & Transport, Business-to-Business Services, Clean Technology, Consumer & Luxury Goods, Financial Services, Banking & FinTech, Insurance, Reinsurance & InsurTech, & Other Vertical Marketplaces, Healthcare & Diagnostics and Media & Technology.

The Manager¹ believes that the structure of MAC Alpha represents a significant improvement on conventional listed acquisition vehicles both for investors and vendors, allowing for greater speed and flexibility in financing and execution combined with lower operating and transaction costs.

Funds managed by Marwyn² have invested £630,000 into MAC Alpha, representing 90% of the ordinary equity and warrants. Additionally, funds managed by the Manager have entered into a Forward Purchase Agreement with MAC Alpha to subscribe, on a discretionary basis, up to a further £20 million for securities, which may be drawn for working capital, to fund due diligence and/ or as part of future share issuances to finance a platform acquisition.

The total investment attributable to the Company's Ordinary shares will initially be £490,334, representing 0.50% of the Ordinary share net asset value ("NAV"), measured at 10 December 2021, being the latest available NAV published by the Company. None of the investment is attributable to either the 2016 Realisation shares or the 2021 Realisation shares.

¹ Marwyn Investment Management LLP.

² Marwyn Value Investors II LP and MVI II Co-Invest LP.

Company enquiries:

Company Secretary - Aztec Financial Services (Jersey) Limited

Katrina Boult / Jenny Keen

Telephone: 01534 833000

Investor Relations

Kam Bansil

Telephone: 020 7039 1901

Corporate Broker - Liberum Capital Limited

Chris Clarke / Owen Matthews

Telephone: 0203 100 2200

Notes to editors:

Marwyn Value Investors Limited is a closed-ended investment company on the London Stock Exchange Specialist Fund Segment - a fully regulated market for professional, institutional and sophisticated investors. Marwyn's previous 11 comparable listed acquisition companies that have acquired platform businesses have gone on to make more than 80 subsequent transactions, delivering £4.9 billion in equity profits and an aggregate return to shareholders of 139 per cent. on invested capital as at 30 November 2021. 

For further information see www.marwynvalue.com

A copy of this announcement will be available on the Company's website at www.marwynvalue.com/company-information/rns. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

This announcement may include "forward-looking statements". All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Company's products and services) are forward-looking statements. Forward-looking statements are subject to risks and uncertainties and accordingly the Company's actual future financial results and operational performance may differ materially from the results and performance expressed in, or implied by, the statements. These factors include but are not limited to those described in the formal Prospectus. These forward-looking statements speak only as at the date of this announcement. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect actual results or any change in the assumptions, conditions or circumstances on which any such statements are based unless required to do so by the Financial Services and Markets Act 2000, or other applicable laws, regulations or rules.