Net Asset Value(s)

The company announces the following unaudited data as at 8 January 2018 - Using BID Valuations NAV per ord share (excl income) with debt at par value 1395.54 p NAV per ord share (excl income) with debt at market value* 1382.84 p NAV per ord share (incl income) with debt at par value 1413.85 p NAV per ord share (incl income) with debt at market value* 1401.15 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/