Net Asset Value(s)

The company announces the following unaudited data                                 
as at 1 May 2009 - Using BID Valuations                                            

NAV per ordinary share (excl current year income) with debt at par value    590.96p
NAV per ordinary share (excl current year income) with debt at market       584.77p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    600.35p
NAV per ordinary share (incl current year income) with debt at market       594.16p
value                                                                              

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