Net Asset Value(s)

The company announces the following unaudited data                                 
as at 24 July 2009 - Using BID Valuations                                          
NAV per ordinary share (excl current year income) with debt at par value    666.87p
NAV per ordinary share (excl current year income) with debt at market       658.54p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    686.67p
NAV per ordinary share (incl current year income) with debt at market       678.34p
value                                                                              
For more information please visit our website at                                   
www.templebarinvestments.co.uk/