Net Asset Value(s)

The company announces the following unaudited data                                 
as at 9 January 2009 - Using BID Valuations     
                                   
NAV per ordinary share (excl current year income) with debt at par value    591.82p
NAV per ordinary share (excl current year income) with debt at market       593.01p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    616.54p
NAV per ordinary share (incl current year income) with debt at market       617.73p
value   
                                                                           
For more information please visit our website at                                   
www.templebarinvestments.co.uk/