Net Asset Value(s)

The company announces the following unaudited data                                 
as at 31 October 2008 - Using BID Valuations    
                                   
NAV per ordinary share (excl current year income) with debt at par value    557.60p
NAV per ordinary share (excl current year income) with debt at market       557.41p
value       
                                                                       
NAV per ordinary share (incl current year income) with debt at par value    576.48p
NAV per ordinary share (incl current year income) with debt at market       576.29p
value      
                                                                        
For more information please visit our website at                                   
www.templebarinvestments.co.uk/