Net Asset Value(s)

The company announces the following unaudited data                             
                                                                               
as at 27 May 2011- Using BID Valuations                                        
                                                                               
NAV per ord share (exc income) with debt at par value                  909.92p 
                                                                               
NAV per ord share (exc income) with debt at market value*              894.31p 
                                                                               
NAV per ord share (Incl income) with debt at par value                 926.69p 
                                                                               
NAV per ord share (Incl income) with debt at market value*             911.08p 
                                                                               
*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/