Net Asset Value(s)

The company announces the following unaudited data                             
                                                                               
as at 1 August - Using BID Valuations                                          
                                                                               
NAV per ord share (excl income) with debt at par value           871.21p       
                                                                               
NAV per ord share (excl income) with debt at market value*       851.44p       
                                                                               
NAV per ord share (incl income) with debt at par value           891.95p       
                                                                               
NAV per ord share (incl income) with debt at market value*       872.18p       
                                                                               
*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/