Net Asset Value(s)

The company announces the following unaudited data                                 
as at 19 December 2008 - Using BID Valuations   
                                   
NAV per ordinary share (excl current year income) with debt at par value    571.75p
NAV per ordinary share (excl current year income) with debt at market       572.53p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    595.93p
NAV per ordinary share (incl current year income) with debt at market       596.71p
value   
                                                                           
For more information please visit our website at                                   
www.templebarinvestments.co.uk/