Net Asset Value(s)

The company announces the following unaudited data                         
                                                                           
as at 27 March 2015 - Using BID Valuations                                 
                                                                           
NAV per ord share (excl income) with debt at par value        1227.58      
                                                                           
NAV per ord share (excl income) with debt at market value*    1204.34      
                                                                           
NAV per ord share (incl income) with debt at par value        1239.76 'XD' 
                                                                           
NAV per ord share (incl income) with debt at market value*    1216.52 '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/