Net Asset Value(s)

The company announces the following unaudited data                                 
as at 17 October 2008 - Using BID Valuations
                                       
NAV per ordinary share (excl current year income) with debt at par value    518.30p
NAV per ordinary share (excl current year income) with debt at market       508.66p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    536.04p
NAV per ordinary share (incl current year income) with debt at market       526.40p
value                                                                              

For more information please visit our website at                                   
www.templebarinvestments.co.uk/