Net Asset Value(s)

The company announces the following unaudited data                                 
as at 31 July 2009 - Using BID Valuations                                          

NAV per ordinary share (excl current year income) with debt at par value    681.58p
NAV per ordinary share (excl current year income) with debt at market       673.25p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    702.19p
NAV per ordinary share (incl current year income) with debt at market       693.86p
value                                                                              

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