Net Asset Value(s)

The company announces the following unaudited data                                 
as at 17 July 2009 - Using BID Valuations                                          
NAV per ordinary share (excl current year income) with debt at par value    632.14p
NAV per ordinary share (excl current year income) with debt at market       623.81p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    651.88p
NAV per ordinary share (incl current year income) with debt at market       643.56p
value                                                                              
For more information please visit our website at                                   
www.templebarinvestments.co.uk/