KBSH LEADERS TRUST - Declares Monthly Distribution

Toronto, July 3rd, 2002: KBSH Leaders Trust (KLT.UN), an investment trust trading on The Toronto Stock Exchange, announced today that it will make its monthly distribution of $0.2083 per unit, payable on July 31, 2002, to all unitholders of record as of July 15, 2002 (ex-dividend date July 11, 2002).

For further information contact:

Paul Batho
Chief Operating Officer and Secretary/Treasurer
KBSH Capital Management Inc.
Telephone: (416) 863-1433