KBSH LEADERS TRUST - Declares Monthly Distribution Toronto, May 4th, 2004: KBSH Leaders Trust (KLT.UN), an investment trust trading on The Toronto Stock Exchange, announced today that it will make a monthly distribution of $0.14083 per unit, payable on May 31st, 2004, to all unitholders of record as of May 17th, 2004 (ex-dividend date May 13th, 2004). 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