AIFM

TEMPLE BAR INVESTMENT TRUST PLC


NOTICE OF ENTRY INTO ARRANGEMENTS WITH SERVICE PROVIDERS TO ENSURE COMPLIANCE
WITH THE ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE ("AIFMD")

Temple Bar Investment Trust plc (the "Company") announces that with effect from
22nd July 2014 the Company will enter into the arrangements necessary to ensure
compliance with the AIFMD.  

Following a review of the Company's arrangements, the Company's board of
Directors (the "Board") has appointed Investec Fund Managers Limited ("IFM") as
the Company's Alternative Investment Fund Manager ("AIFM") on the terms of and
subject to the conditions of a new alternative investment fund management
agreement between the Company and IFM (the "AIFM Agreement"). IFM is an
affiliate of Investec Asset Management Limited (`IAML').

IFM has appointed IAML as its delegate to perform portfolio management services
for the Company. As such, IAML will continue to be responsible for the
management of the Company's portfolio under the new arrangements.

The existing management agreement between the Company and IAML has been
terminated.

The Company has agreed to pay the AIFM an additional fee of £125,000 per annum,
plus or minus 0.005% of the value of the investments of the Company above or
below £750 million, calculated and payable quarterly.

The Board has separately appointed IAML as the Company's company secretary on
the terms of and subject to the conditions of a new company secretarial
services agreement between the Company and IAML. The Company has agreed to pay
IAML a fee of £45,000 per annum in respect of the performance of company
secretarial services by IAML.

The Board has also appointed HSBC Bank plc (the "Depositary") as the Company's
depositary and custodian (as required by the AIFMD) on the terms and subject to
the conditions of a depositary agreement entered into between the Company, the
IFM and the Depositary (the "Depositary Agreement").

 
21 July 2014


For enquiries please contact:

Martin Slade - 020 7597 1942
David Veal - 020 7597 2101