RNS Number:5860U
Merrill Lynch New Energy Tech. PLC 
23 January 2004


NET ASSET VALUE

MERRILL LYNCH NEW ENERGY TECHNOLOGY plc

The unaudited net asset value for Merrill Lynch New Energy Technology plc at
close of business on 22 January 2004 was:

28.25p

1. For the latest daily net asset value, previous month and performance
statistics, asset allocation and ten largest holdings of the Merrill Lynch
Investment Trusts, see MLIMINDEX on Reuters or page 8800 on ICV (Topic 3).

2. 1,000,000 ordinary shares purchased on 12 December 2002 (total 1,050,000
ordinary shares purchased to date) has been reflected in these calculations.



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