Net Asset Value(s)

The company announces the following unaudited data                                 
as at 23 January 2009 - Using BID Valuations                                       
NAV per ordinary share (excl current year income) with debt at par value    546.03p
NAV per ordinary share (excl current year income) with debt at market       543.13p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    570.79p
NAV per ordinary share (incl current year income) with debt at market       567.89p
value                                                                              
For more information please visit our website at                                   
www.templebarinvestments.co.uk/