Net Asset Value(s)

The company announces the following unaudited data                                 
as at 18 July 2008 - Using BID Valuations                                          

NAV per ordinary share (excl current year income) with debt at par value    655.03p
NAV per ordinary share (excl current year income) with debt at market       648.33p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    675.91p
NAV per ordinary share (incl current year income) with debt at market       669.21p
value                                                                              

For more information please visit our website at                                   
www.templebarinvestments.co.uk/