Net Asset Value(s)

The company announces the following unaudited data                             
                                                                               
as at 1 July 2011- Using BID Valuations                                        
                                                                               
NAV per ord share (excl income) with debt at par value           861.82p       
                                                                               
NAV per ord share (excl income) with debt at market value*       841.76p       
                                                                               
NAV per ord share (incl income) with debt at par value           882.57p       
                                                                               
NAV per ord share (incl income) with debt at market value*       862.52p       
                                                                               
*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/