Net Asset Value(s)

The company announces the following unaudited data                             
                                                                               
as at 27 January 2014 - Using BID Valuations                                   
                                                                               
NAV per ord share (excl income) with debt at par value           1199.05p      
                                                                               
NAV per ord share (excl income) with debt at market value*       1189.00p      
                                                                               
NAV per ord share (incl income) with debt at par value           1220.36p      
                                                                               
NAV per ord share (incl income) with debt at market value*       1210.31p      
                                                                               
*based on the market value of the debenture debt at NAV point,                 
                                                                               
source: Interactive Data                                                       
                                                                               
For more information please visit our website at                               
                                                                               
www.templebarinvestments.co.uk/