Net Asset Value(s)

The company announces the following unaudited data                                 
as at 21 November 2008 - Using BID Valuations 
                                     
NAV per ordinary share (excl current year income) with debt at par value    489.80p
NAV per ordinary share (excl current year income) with debt at market       487.82p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    513.48p
NAV per ordinary share (incl current year income) with debt at market       511.50p
value         
                                                                     
For more information please visit our website at                                   
www.templebarinvestments.co.uk/