Net Asset Value(s)

The company announces the following unaudited data                                 
as at 29 December 2008 - Using BID Valuations                                      
NAV per ordinary share (excl current year income) with debt at par value    571.45p
NAV per ordinary share (excl current year income) with debt at market       571.57p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    596.09p
NAV per ordinary share (incl current year income) with debt at market       596.21p
value                                                                              
Please note on 22 December 2008 a further 250,000 ordinary shares were             
issued for a consideration of £1,512,500.                                          
For more information please visit our website at                                   
www.templebarinvestments.co.uk/