Net Asset Value(s)

The company announces the following unaudited data                             
                                                                               
as at 1 July 2011- Using BID Valuations                                        
                                                                               
NAV per ord share (exc income) with debt at par value                  917.97p 
                                                                               
NAV per ord share (exc income) with debt at market value*              902.68p 
                                                                               
NAV per ord share (Incl income) with debt at par value                 937.65p 
                                                                               
NAV per ord share (Incl income) with debt at market value*             922.35p 
                                                                               
*based on the market value of the debenture debt at NAV point,                 
source: Evolution Securities                                                   
                                                                               
For more information please visit our website at                               
www.templebarinvestments.co.uk/