Net Asset Value(s)

The company announces the following unaudited data                                 
as at 16 January 2009 - Using BID Valuations  
                                     
NAV per ordinary share (excl current year income) with debt at par value    560.77p
NAV per ordinary share (excl current year income) with debt at market       560.02p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    585.43p
NAV per ordinary share (incl current year income) with debt at market       584.68p
value
                                                                              
For more information please visit our website at                                   
www.templebarinvestments.co.uk/