Net Asset Value(s)

The company announces the following unaudited data                             
                                                                               
as at 18 September 2014 - Using BID Valuations                                 
                                                                               
NAV per ord share (excl income) with debt at par value           1222.87p      
                                                                               
NAV per ord share (excl income) with debt at market value*       1210.59p      
                                                                               
NAV per ord share (incl income) with debt at par value           1237.35p 'XD' 
                                                                               
NAV per ord share (incl income) with debt at market value*       1225.07p 'XD' 
                                                                               
*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/