Result of AGM

The World Trust Fund

("World Trust" or the "Company")

Result of Annual General Meeting

The Company is pleased to announce that all resolutions proposed at the Company's Annual General Meeting held on 16 August 2016 were passed.

Resolution 1 To approve the continuation of the Company for an undetermined period of time.

For: 28,438,323

Against: 6,938,564

No votes withheld

Resolution 2 To approve the granting of authority to the Board of Directors of the Company to make market purchases of up to 14.99% of the Company's subscribed capital provided that certain conditions are met.

For: 29,119,279

Against: 6,257,608

No votes withheld

Resolution 3 To approve the annual report incorporating the Chairman's Statement, the Remuneration report, Approved Statutory Auditor's report and the audited financial statements of the Company for the accounting year ended March 31st, 2016.

For: 35,137,582

No votes against

No votes withheld

Resolution 4 Allocation of the results for the accounting year ended March 31st, 2016.

For: 35,376,887

No votes against

No votes withheld

Resolution 5 To approve the payment of a final dividend of 5.4 pence per share.

For: 35,376,887

No votes against

No votes withheld

Resolution 6 Discharge to be granted to the Directors in relation to their activities as Directors of the Company for the accounting year ended March 31st, 2016.

For: 35,376,887

No votes against

No votes withheld

Resolution 7 To approve the Directors' Remuneration Report for the year ended March 31st, 2016.

For: 35,376,887

No votes against

No votes withheld

Resolution 8 To re-elect Mr Philip R. McLoughlin as Director until the next Annual General Meeting to be held in 2017.

For: 35,376,887

No votes against

No votes withheld

Resolution 9 To re-elect Mr Duncan Budge as Director until the next Annual General Meeting to be held in 2017.

For: 33,705,653

Against: 1,671,234

No votes withheld

Resolution 10 To re-elect Mr James A. Cave as Director until the next Annual General Meeting to be held in 2017.

For: 33,705,653

Against: 1,671,234

No votes withheld

Resolution 11 To re-elect Mr Howard Myles as Director until the next Annual General Meeting to be held in 2017.

For: 35,376,887

No votes against

No votes withheld

Resolution 12 To re-elect Mr Tony C. Morrongiello as Director until the next Annual General Meeting to be held in 2017.

For: 33,705,653

Against: 1,671,234

No votes withheld

Resolution 13 To re-appoint Deloitte Audit as the Approved Statutory Auditor until the next Annual General Meeting to be held in 2017.

For: 35,376,887

No votes against

No votes withheld

Resolution 14 To approve the decision of the Board of Directors to limit the aggregate amount of Directors fees payable by the Company for the next accounting year to US$500,000.

For: 35,372,436

Against: 4,451

No votes withheld

17 August 2016