KBSH LEADERS TRUST - Declares Initial Distribution Toronto, June 7th, 2002: KBSH Leaders Trust (KLT.UN), an investment trust trading on The Toronto Stock Exchange, announced today that it will make an initial distribution of $0.3125 per unit, payable on June 28, 2002, to all unitholders of record as of June 14, 2002 (ex-dividend date June 12, 2002). The amount of this initial distribution represents the Trust's targeted monthly distribution for the period since its inception on May 17, 2002. The Trust's investment objectives are: (i) to provide unitholders with a stable stream of monthly distributions targeted at $0.2083 per Unit ($2.50 per annum or 10% on the original issue price) and (ii) to return at least the original issue price of the Units ($25.00 per unit) to unitholders upon termination of the Trust on December 31, 2010. KBSH Capital Management Inc., the investment manager of the Trust, is an independent employee-owned investment management firm founded in 1980 and has approximately $9 billion in assets under management on behalf of pension funds, foundations, institutions, managed (wrap) accounts and private clients. For further information contact: Paul Batho Chief Operating Officer and Secretary/Treasurer KBSH Capital Management Inc. Telephone: (416) 863-1433 www.kbsh.ca