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REG-Temple Bar Inv.Tst: Proposed Change of Alternative Investment Fund Manager

Temple Bar Investment Trust Plc

Proposed change of Alternative Investment Fund Manager (‘AIFM’)

Temple Bar Investment Trust Plc (‘the Company’) announces the proposed
appointment of Frostrow Capital LLP (‘Frostrow’) as its AIFM effective 1
July 2023, subject to contract and FCA approval. The Company’s investment
manager, RWC Asset Management LLP (‘Redwheel’), will continue in its
role.  Frostrow will also take on a number of marketing and distribution
tasks currently undertaken by Redwheel.

Further details will be set out in the Company’s annual report for the year
ending 31 December 2022, which is expected to be available to shareholders by
April 2023.

For further information please contact:

Redwheel +44 (0)20 7227 6000

James Aylett

Frostrow +44 (0)203 008 4910

Alastair Smith
Richard Plaskett

Cenkos Securities +44 (0)20 7397 8900

Andrew Worne

Tunga Chigovanyika

21 December 2022

LEI: 213800O8EAP4SG5JD323



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