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
UK 100

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