TEMPLE BAR INVESTMENT TRUST PLC

    NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
    MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

    1   Details of the person discharging managerial responsibilities / person   
        closely associated                                                       
                                                                                 
    a)  Name                                                                     
                                   (i) JOHN REEVE                                
                                  (ii) SALLY REEVE                               
                                                                                 
    2   Reason for the notification                                              
                                                                                 
    a)  Position/status           (i) DIRECTOR/ PDMR                             
                                  (ii) SPOUSE                                    
                                                                                 
    b)  Initial notification /    INITIAL                                        
        Amendment                                                                
                                                                                 
    3   Details of the issuer, emission allowance market participant, auction    
        platform, auctioneer or auction monitor                                  
                                                                                 
    a)  Name                      TEMPLE BAR INVESTMENT TRUST PLC                
                                                                                 
    b)  LEI                       213800O8EAP4SG5JD323                           
                                                                                 
    4   Details of the transaction(s): section to be repeated for (i) each type  
        of instrument; (ii) each type of transaction; (iii) each date; and (iv)  
        each place where transactions have been conducted                        
                                                                                 
    a)  Description of the        ORDINARY SHARES OF 25P                         
        financial instrument,                                                    
        type of instrument                                                       
                                  GB0008825324                                   
        Identification code                                                      
                                                                                 
    b)  Nature of the transaction DIVIDEND REINVESTMENT IN ISA PLAN              
                                                                                 
    c)  Price(s) and volume(s)    Price(s)             Volume(s)                 
                                                                                 
                                  (i) £12.37           193                       
                                  (ii) £12.37          193                       
                                                                                 
    d)  Aggregated information                                                   
                                                                                 
        - Aggregated volume       386                                            
        - Price                   £12.37 per share                               
        - Total value of          £4,774.82                                      
        transaction               61,345                                         
        - Cumulative holdings                                                    
                                                                                 
    e)  Date of the transaction   4 January 2017                                 
                                                                                 
    f)  Place of the transaction  LONDON