Net Asset Value(s)

The company announces the following unaudited data                                 
as at 3 July 2009 - Using BID Valuations                                           
NAV per ordinary share (excl current year income) with debt at par value    602.44p
NAV per ordinary share (excl current year income) with debt at market       594.11p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    621.99p
NAV per ordinary share (incl current year income) with debt at market       613.66p
value                                                                              
For more information please visit our website at www.templebarinvestments.co.uk/