Net Asset Value(s)

The company announces the following unaudited data                                 
as at 2 January 2009 - Using BID Valuations                                        

NAV per ordinary share (excl current year income) with debt at par value    604.07p
NAV per ordinary share (excl current year income) with debt at market       604.19p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    628.70p
NAV per ordinary share (incl current year income) with debt at market       628.82p
value                                                                              

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