Net Asset Value(s)

The company announces the following unaudited data                             
                                                                               
as at 18 December 2009 - Using BID Valuations                                  
                                                                               
NAV per ord share (exc income) with debt at par value                  779.72p 
                                                                               
NAV per ord share (exc income) with debt at market value*              771.71p 
                                                                               
NAV per ord share (Incl income) with debt at par value                802.33.p 
                                                                               
NAV per ord share (Incl income) with debt at market value*             794.33p 
                                                                               
*based on the latest available market price of the debenture debt              
                                                                               
For more information please visit our website at                               
www.templebarinvestments.co.uk/