Net Asset Value(s)

The company announces the following unaudited data                             
                                                                               
as at 5 September 2014 - Using BID Valuations                                  
                                                                               
NAV per ord share (excl income) with debt at par value           1228.71p      
                                                                               
NAV per ord share (excl income) with debt at market value*       1214.96p      
                                                                               
NAV per ord share (incl income) with debt at par value           1258.54p      
                                                                               
NAV per ord share (incl income) with debt at market value*       1244.79p      
                                                                               
*based on the mid market value of the debenture debt at valuation point,       
                                                                               
source: Interactive Data                                                       
                                                                               
For more information please visit our website at                               
                                                                               
www.templebarinvestments.co.uk/