Net Asset Value(s)

The company announces the following unaudited data                                 
as at 5 December 2008 - Using BID Valuations                                       
NAV per ordinary share (excl current year income) with debt at par value    533.28p
NAV per ordinary share (excl current year income) with debt at market       523.38p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    557.04p
NAV per ordinary share (incl current year income) with debt at market       547.14p
value                                                                              
For more information please visit our website at                                   
www.templebarinvestments.co.uk/