Investment Policy

TEMPLE BAR INVESTMENT TRUST PLC The Board of Temple Bar Investment Trust Plc (the `Company') notes the publication of the Investment Entities (Listing Rules and Conduct of Business) Instrument 2003 and announces that it is the Company's policy to invest no more than 15% of its gross assets in other listed investment companies (including listed investment trusts). Contact: Martin Slade 020 7597 1942 For and on behalf of Investec Investment Management Limited - Secretary 10 October 2003
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