TAPESTRY INVESTMENT COMPANY PCC LIMITED


Tapestry - NAV Estimate

As at the close of business on 11th December 2009 the Company?s estimated Net
Asset Value per Share was 98.9657 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 11th
December 2009, the Company received estimated valuations as at that date from
13 of the Company?s 26 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





[HUG#1365742]