Net Asset Value(s)

The Board of M&G Recovery Investment Company Limited wishes to announce that the net asset value of the Company at 12pm on the 12th March 2009 was £112.7Million Ordinary Shares = 1.59 Pence Zero dividend Shares = 55.10 Pence Package units = 58.28 Pence The net asset values have been calculated on a cum-income basis, with dividends payable deducted from net assets on the ex-dividend date. Financial assets are valued on a mid-market price basis; financial liabilities are included at book value (including amortised costs). The portfolio of assets is currently invested: UK Equities: 51.28% Short dated Gilts: 38.11% UK Bonds: 0.67% Cash: 9.94% Kleinwort Benson (Channel Islands) Fund Services Limited 01481 727111 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.