GABELLI MERGER PLUS+ TRUST PLC (the "Company")

Net Asset Value

The Company announces that, as at the close of business on 17 January 2018 the unaudited net asset values per ordinary share, valued on a 'bid price' basis, were:

Capital only: $  10.06

Including income: $  10.03

Enquiries:

Maitland Administration Services Limited

Email: cosec@maitlandgroup.co.uk

Phone: +44 (0) 1245 398984

Legal Entity Identifier: 5493006X09N8HK0V1U37

Date: 18 January 2018