KBSH LEADERS TRUST - Declares Monthly Distribution

Toronto, February 3rd, 2003: 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 February 28th, 2003, to all unitholders of record as of February 17, 2003 (ex-dividend date February 13, 2003).

For further information contact:

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