Net Asset Value(s)

The company announces the following unaudited data                   
                                                                     
as at 26 May 2015 - Using BID Valuations                             
                                                                     
NAV per ord share (excl income) with debt at par value        1249.13
                                                                     
NAV per ord share (excl income) with debt at market value*    1230.46
                                                                     
NAV per ord share (incl income) with debt at par value        1271.01
                                                                     
NAV per ord share (incl income) with debt at market value*    1252.34
                                                                     
*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/