Net Asset Value(s)

The company announces the following unaudited data                                 
as at 24 October 2008 - Using BID Valuations  
                                     
NAV per ordinary share (excl current year income) with debt at par value    499.21p
NAV per ordinary share (excl current year income) with debt at market       493.93p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    517.42p
NAV per ordinary share (incl current year income) with debt at market       512.13p
value      
                                                                        
For more information please visit our website at                                   
www.templebarinvestments.co.uk/