KBSH LEADERS TRUST - Declares Monthly Distribution

Toronto, June 3rd, 2003: KBSH Leaders Trust (KLT.UN), an investment trust trading on The Toronto Stock Exchange, announced today that it will make a monthly distribution of $0.140830 per unit, payable on June 30th, 2003, to all unitholders of record as of June 16th, 2003 (ex-dividend date June 12th, 2003). The distribution represents an annualized rate of approximately 10% of the current net asset value of the trust.

For further information contact:

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