WTR.L Regulatory News (WTR)

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are

attachedii:

Lazard World Trust Fund SICAF (LU0483266259)

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii:

3. Details of person subject to the notification obligationiv :

Name: Ironsides Partners LLC City and country of registered office (if applicable):

4. Full name of shareholder(s) (if different from 3.)v:

Ironsides P Fund L.P.; Ironsides Partners Special Situations Master Fund III L.P.

5. Date on which the threshold was crossed or reachedvi: 14/12/2017

6. Total positions of person(s) subject to the notification obligation:

% of voting rights attached to shares (total of 7.A)

% of voting rights through financial instruments

(total of 7.B.1 + 7.B.2)

Total of both in %

(7.A + 7.B)

Total number of voting rights of issuervii

Resulting situation

on the date on which threshold was crossed or reached

12.96 %

3.59 %

16.55 %

36,383,493

Position of previous

notification (if applicable)

7. Notified details of the resulting situation on the date on which the threshold was crossed or

reachedviii:

A: Voting rights attached to shares

Class/type of

shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 8 of the Transparency Law)

Indirect

(Art 9 of the Transparency Law)

Direct

(Art 8 of the Transparency Law)

Indirect

(Art 9 of the Transparency Law)

Lazard World Trust Fund

SICAF (LU0483266259)

4,716,704

12.96 %

%

%

%

%

%

SUBTOTAL A

(Direct & Indirect)

4,716,704

12.96 %

B 1: Financial Instruments according to Art. 12(1)(a) of the Transparency Law

Type of financial instrument

Expiration datex

Exercise/ Conversion Periodxi

Number of voting rights that may be acquired if

the instrument is exercised/ converted.

% of voting rights

%

%

%

SUBTOTAL B.1

%

B 2: Financial Instruments with similar economic effect according to Art. 12(1)(b) of the

Transparency Law

Type of financial instrument

Expiration datex

Exercise/

Conversion Periodxi

Physical or cash settlementxii

Number of voting rights

% of

voting rights

Contract for Difference

1,305,296

3.59 %

%

%

SUBTOTAL B.2

1,305,296

3.59 %

8. Information in relation to the person subject to the notification obligation:

(please tick the applicable box)

X Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please provide a separate organisational chart in case of a complex structure):

N°

Namexv

% of voting rights held by ultimate controlling person or entity or held directly by any subsidiary if it equals or is higher than the notifiable threshold

% of voting rights

through financial instruments held by ultimate controlling person or entity or held directly by any subsidiary if it equals or is higher than the notifiable threshold

Total of both

Directly controlled by (use number(s) from 1st column)

LU0483266259

12.96%

3.59 %

16.55 %

%

%

%

%

%

%

%

%

%

%

%

%