Net Asset Value(s)

The company announces the following unaudited data                                 
as at 25 July 2008 - Using BID Valuations                                          
NAV per ordinary share (excl current year income) with debt at par value    652.03p
NAV per ordinary share (excl current year income) with debt at market       646.03p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    672.86p
NAV per ordinary share (incl current year income) with debt at market       666.86p
value                                                                              
For more information please visit our website at                                   
www.templebarinvestments.co.uk/