Quarterly Portfolio Update

Temple Bar Investment Trust Plc                        

As at close of business on 30 June 2005, the 10 largest investments in the
Company's portfolio were:

Top Ten                                % Gross Assets                        
                                                                             
GlaxoSmithKline                        6.54                                  
                                                                             
Vodafone Group                         5.92                                  
                                                                             
Shell Transport & Trading              5.13                                  
                                                                             
Royal Bank of Scotland                 5.06                                  
                                                                             
BP                                     4.62                                  
                                                                             
British American Tobacco               4.17                                  
                                                                             
BT Group                               3.05                                  
                                                                             
Prudential                             2.98                                  
                                                                             
HSBC Holdings                          2.96                                  
                                                                             
Centrica                               2.82                                  
                                                                             
                                       43.25                                 

For enquiries please contact:

Martin Slade 020 7597 2000

Investec Investment Management Limited