Net Asset Value(s)

The company announces the following unaudited data                             
                                                                               
as at 4 February 2015 - Using BID Valuations                                   
                                                                               
NAV per ord share (excl income) with debt at par value              1227.99  p 
                                                                               
NAV per ord share (excl income) with debt at market value*          1204.44  p 
                                                                               
NAV per ord share (incl income) with debt at par value              1250.48  p 
                                                                               
NAV per ord share (incl income) with debt at market value*          1226.93  p 
                                                                               
*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/