Net Asset Value(s)

The company announces the following unaudited data                         
                                                                           
as at 27 April 2015 - Using BID Valuations                                 
                                                                           
NAV per ord share (excl income) with debt at par value            1276.12  
                                                                           
NAV per ord share (excl income) with debt at market value*        1255.49  
                                                                           
NAV per ord share (incl income) with debt at par value            1289.37  
                                                                           
NAV per ord share (incl income) with debt at market value*        1268.73  
                                                                           
*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/