Net Asset Value(s)

The company announces the following unaudited data                                 
as at 30 January 2009 - Using BID Valuations                                       
NAV per ordinary share (excl current year income) with debt at par value    546.62p
NAV per ordinary share (excl current year income) with debt at market       543.72p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    571.52p
NAV per ordinary share (incl current year income) with debt at market       568.62p
value                                                                              
For more information please visit our website at                                   
www.templebarinvestments.co.uk/