Top Ten Holdings

Temple Bar Investment Trust Plc                        

As at close of business on 30 June 2004, the 10 largest investments in the
Company's portfolio were:

Top Ten                                % Gross Assets                        
                                                                             
GlaxoSmithKline                        6.35                                  
                                                                             
BP                                     5.01                                  
                                                                             
Shell Transport & Trading              4.47                                  
                                                                             
British American Tobacco               3.87                                  
                                                                             
Abbey National                         3.80                                  
                                                                             
HSBC Holdings                          3.21                                  
                                                                             
BT Group                               3.08                                  
                                                                             
Lloyds TSB Group                       2.86                                  
                                                                             
Scottish Power                         2.56                                  
                                                                             
Severn Trent                           2.48                                  
                                                                             
                                       37.69                                 

For enquiries please contact:

Martin Slade 020 7597 2000

Investec Investment Management Limited