KBSH LEADERS TRUST - Declares Monthly Distribution

Toronto, March 1st, 2005: 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 March 31st, 2005, to all unitholders of record as of March 15th, 2005 (ex-dividend date March 11th, 2005). The distribution represents an annualized rate of approximately 10% of the current net asset value of the trust.

For further information contact:

Peter Pennal
Chief Executive Officer
KBSH Capital Management Inc.
Telephone: (416) 863-1433