Net Asset Value(s)

The company announces the following unaudited data                                 
as at 18 January 2008 - Using BID Valuations                                       
NAV per ordinary share (excl current year income) with debt at par value    758.57p
NAV per ordinary share (excl current year income) with debt at market       745.45p
value                                                                              
For more information please visit our website at                                   
www.templebarinvestments.co.uk/