Net Asset Value(s)

The company announces the following unaudited data                            
                                                                              
as at 14 June 2012 - Using BID Valuations                                     
                                                                              
NAV per ord share (excl income) with debt at par value                        
                                                                              
868.23p                                                                       
                                                                              
NAV per ord share (excl income) with debt at market value*                    
                                                                              
843.03p                                                                       
                                                                              
NAV per ord share (incl income) with debt at par value                        
                                                                              
890.11p                                                                       
                                                                              
NAV per ord share (incl income) with debt at market value*                    
                                                                              
864.91p                                                                       
                                                                              
*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/