Net Asset Value(s)

The company announces the following unaudited data                                 
as at 12 September 2008 - Using BID Valuations                                     
NAV per ordinary share (excl current year income) with debt at par value    682.99p
NAV per ordinary share (excl current year income) with debt at market       673.60p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    709.38p
NAV per ordinary share (incl current year income) with debt at market       700.00p
value                                                                              
For more information please visit our website at                                   
www.templebarinvestments.co.uk/