KBSH LEADERS TRUST - Declares Monthly Distribution Toronto, July 2nd, 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 July 31st, 2003, to all unitholders of record as of July 15th, 2003 (ex-dividend date July 11th, 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