Net Asset Value(s)

The company announces the following unaudited data                                 
as at 22 February 2008 - Using BID Valuations                                      
NAV per ordinary share (excl current year income) with debt at par value    728.56p
NAV per ordinary share (excl current year income) with debt at market       718.54p
value        
                                                                      
Note: The Net Asset Value above has been adjusted to include undistributed         
prior financial year revenue reserves of £1.29m.     
                                                   
For more information please visit our website at                                   
www.templebarinvestments.co.uk/