Net Asset Value(s)

The company announces the following unaudited data                                 
as at 13 March 2009 - Using BID Valuations                                         
NAV per ordinary share (excl current year income) with debt at par value    497.97p
NAV per ordinary share (excl current year income) with debt at market       490.38p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    525.90p
NAV per ordinary share (incl current year income) with debt at market       518.30p
value                                                                              
For more information please visit our website at                                   
www.templebarinvestments.co.uk/