Net Asset Value(s)

The company announces the following unaudited data                              
as at 26 March 2015 - Using BID Valuations                                      
                                                                                
NAV per ord share (excl income) with debt at par value       1233.36                                                                         
                                                                                
NAV per ord share (excl income) with debt at market value*   1210.72                                                                         
                                                                                
NAV per ord share (incl income) with debt at par value       1245.55 'XD'                                                                    
                                                                                
NAV per ord share (incl income) with debt at market value*   1222.91 '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/