Net Asset Value(s)

The company announces the following unaudited data                            
as at 13 January 2006 - Using BID Valuations                                  
NAV per ordinary share (exc income) with debt at par value             796.60p
NAV per ordinary share (exc income) with debt at market value          772.40p
For more information please visit our website at www.itstemplebar.com         
Please note that the NAV above is now based on BID Valuations