Estimated Net Asset Value(s)

TAPESTRY INVESTMENT COMPANY PCC LIMITED Tapestry - NAV Estimate As at the close of business on 6th March 2009 the Company's estimated Net Asset Value per Share was 90.6138 pence. This valuation, which has been prepared in good faith by the Company's investment manager, is for information purposes only and is based on the unaudited estimated valuations supplied to the Company's investment manager by investee funds, their managers, investment advisers or administrators. In addition, some of those estimates may not have been supplied on a regular or timely basis with the result that the values of such investments are based on the latest available estimates which may relate to a date some time before the date set out above. In respect of the estimated Net Asset Value as at 6th March 2009, the Company received estimated valuations as at that date from 19 of the Company's 33 underlying investment managers. Although the Company's investment manager has evaluated the information and data provided to it, it has not confirmed the completeness or accuracy of such information or data. Accordingly, no reliance should be placed on the estimated Net Asset Value and it should only be taken as an indicative guide. Valuations and estimates are unaudited and may not comply with generally accepted accounting or valuation principles. The Net Asset Value is the value at one point in time and does not reflect any change in value since that time. Enquiries: Company Secretary 01481 727111 Kleinwort Benson (Channel Islands) Fund Services Limited ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.