REG-Temple Bar Inv.Tst: Issue of Debt <Origin Href="QuoteRef">TMPL.L</Origin>

Temple Bar Investment TrustAnnouncement

24/10/2017 14:20

24 October 2017

Temple Bar Investment Trust (the "Company")

LEI: 213800O8EAP4SG5JD323

Fixed rate borrowing

The Board of Temple Bar Investment Trust announces that it has agreed a £25m
fixed rate 30 year Private Placement Note at a coupon of 2.99%. The funding
date will be 24 October 2017 and this financing will be due for bullet
repayment on 24 October 2047. The interest payment dates will be April 24(th)
and October 24th.

The notes will be secured by a floating charge over the Company's assets,
ranking pari passu with the Company's 9.875% 2017 Debenture Stock, 5.5% 2021
Debenture Stock, and 4.05% 2028 Private Placement Note.

The purpose of this debt issuance is principally to secure long-term Sterling
denominated debt financing for the Company, at an attractive rate, ahead of
its 31 December 2017 repayment of the £25m 9.875% Debenture Stock. At a 30
year tenor and coupon of 2.99%, this issuance also extends the Company’s
weighted average debt maturity profile and lowers its weighted average cost of
debt.

J.P. Morgan Cazenove acted as placement agent in respect of this issue.

Enquiries:

Investec Asset Management Limited

Martin
Slade                                                     
Tel: +44 (0)20 7597 1942

J.P. Morgan
Cazenove                                  
Tel: +44 (0)20 7742 4000

William Simmonds



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