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Temple Bar Investment Trust Plc - Change of Investment Manager

2 November 2020

Temple Bar Investment Trust PLC (“Temple Bar” or the “Trust”)

Change of investment manager

Further to the announcement made on the Board is pleased to announce that RWC Asset Management LLP (“RWC”) has been formally appointed as the Trust’s investment manager.23 September 2020

On the Trust entered into an Alternative Investment Fund Manager’s Agreement (the “AIFM Agreement”) with Link Fund Solutions Limited (“Link”) under the terms of which (pursuant to a portfolio management agreement also entered into on and to which Temple Bar is a party (the “Portfolio Management Agreement”)) Link has delegated portfolio management to RWC.30 October 202030 October 2020

Under the terms of the Portfolio Management Agreement RWC will be paid a management fee equal to 0.35 per cent. per annum of the Trust’s total assets. Furthermore as the Fund is contractually obliged to pay its previous investment manager, Ninety One Fund Managers UK Limited (“Ninety One”) its management fee until (the date upon which notice previously served on Ninety One by the Trust would have expired) RWC has agreed that it will forgo the management fee to which it would otherwise have been entitled to in order largely to defray the fixed costs and expenses incurred by Temple Bar in connection with the appointment of RWC as the Trust’s investment manager. RWC’s appointment is for an initial term of 18 months and may thereafter be terminated on 6 months’ notice. The Portfolio Management Agreement is capable of termination in certain usual circumstances including in the event that both and cease to be responsible for the management of the Trust’s assets or otherwise become incapacitated.20 April 202130 June 2021Nick PurvesIan Lance

The Board is also pleased to announce that on the Trust appointed the Bank of New York Mellon (International) Limited to act as depositary in place of HSBC Bank Limited, entered into a fund administration agreement with Link Alternative Fund Administrators Limited and appointed Link Company Matters Limited as the new Company Secretary.30 October 2020

Furthermore, the Company’s registered address has changed to Beaufort House, , , EX4 4EP.51 New North RoadExeter

For further information please contact:

via J.P. Morgan Cazenove (Chairman)Temple Bar Investment Trust PLC
Arthur Copple

William Simmonds                                +44 (0)20 7742 4000J.P. Morgan Cazenove

Gary Tuffield                                         +44 (0)20 7227 6025RWC

Gay Collins                                           +44 (0) 7798 626282 Toto Reissland-Burghart                      +44 (0) 7976 098139 Montfort Communications                  [email protected]

Quick facts: Temple Bar Investment Trust

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