Issue of Equity

TEMPLE BAR INVESTMENT TRUST PLC

ALLOTMENT OF SHARES

The Company announces the allotment of 50,000 ordinary shares of 25p each fully
paid under its block listing facility. These shares were issued for cash today
at a price of £12.29 per share.

Following this issue, the Company has the ability to issue a further 919,494
ordinary shares under its block listing facility.

As a result of this allotment, the total number of ordinary shares in issue now
stands at 63,831,873 and the total number of voting rights in the Company is
63,831,873. There are no shares held in treasury.

The above figure of 63,831,873 may be used by shareholders as the denominator
for the calculation by which they may determine if they are required to notify
their interest in, or change to their interest in, the Company under the FCA's
disclosure and Transparency Rules

Martin Slade

For Company Secretary

20 May 2014