Net Asset Value(s)

The company announces the following unaudited data as at 20 May 2019 - Using BID Valuations NAV per ord share (excl income) with debt at par value 1310.75 p NAV per ord share (excl income) with debt at market value* 1300.27 p NAV per ord share (incl income) with debt at par value 1335.54 p NAV per ord share (incl income) with debt at market value* 1325.06 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/