Net Asset Value(s)

The company announces the following unaudited data                                 
as at 13 November 2009 - Using BID Valuations 
                                     
NAV per ord share (exc income) with debt at par value                       796.18p
NAV per ord share (exc income) with debt at market value*                   788.17p
NAV per ord share (Incl income) with debt at par value                      815.86p
NAV per ord share (Incl income) with debt at market value*                  807.85p

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


*based on the latest available market price of the debenture debt