Unitholders Approve Plan to Wind-up KBSH Leaders Trust Toronto, November 23rd, 2005: (TSX: “KLT.UN”) A special meeting of unitholders of KBSH Leaders Trust (the “Trust”) was held today at which approximately 96% of the unitholders of the Trust (“Unitholders”) present in person or by proxy voted in favour of a special resolution to approve a plan for the liquidation, dissolution and winding up of the Trust. Holders of approximately 28% of the units of the Trust voted at the special meeting. Details of the plan were outlined in a management information circular and proxy statement that was delivered to Unitholders on or about the week of October 17, 2005. As at November 22, 2005, the net asset value of the Trust was $14.15 per unit. The Trust will proceed with the wind-up and, if the liquidation proceeds as planned, an initial distribution will be made to Unitholders on or about December 5, 2005, and a second final distribution, on or about December 12, 2005. About KBSH: KBSH Capital Management Inc. is a Canadian based asset manager with a proven track record of success in a variety of portfolio types and asset classes since 1980. At October 31, 2005, KBSH had approximately $5.5 billion in assets under management on behalf of pension funds, foundations, managed accounts, mutual funds and private clients, and manages in excess of $2.5 billion in incomebased portfolios. For further information contact: Peter Pennal Chief Executive Officer KBSH Capital Management Inc. Telephone: (416) 863-1433