Quarterly Portfolio Update

Temple Bar Investment Trust Plc                        

As at close of business on 31 March 2005, the 10 largest investments in the
Company's portfolio were:

Top Ten                                % Gross Assets                        
                                                                             
GlaxoSmithKline                        6.20                                  
                                                                             
Royal Bank of Scotland                 5.33                                  
                                                                             
Shell Transport & Trading              4.74                                  
                                                                             
BP                                     4.61                                  
                                                                             
British American Tobacco               3.81                                  
                                                                             
Vodafone Group                         3.16                                  
                                                                             
HSBC Holdings                          2.95                                  
                                                                             
BT Group                               2.87                                  
                                                                             
Prudential                             2.77                                  
                                                                             
Severn Trent                           2.57                                  
                                                                             
                                       39.01                                 

For enquiries please contact:

Martin Slade 020 7597 2000

Investec Investment Management Limited