Result of EGM

The World Trust Fund

("World Trust" or the "Company")

Result of Extraordinary General Meeting

The Company is pleased to announce that all resolutions proposed at the Company's Extraordinary General Meeting held yesterday, 9 May 2016, were passed. The proxy votes received in advance of the meeting are shown below

Resolution 1 To approve the amendment of article 1 of the Company's articles of incorporation ( the "Articles") to change the name of the Company from "The World Trust Fund" to "Lazard World Trust Fund")

For: 26,112,126

Against: 6,753,677

No Abstention

Resolution 2 To approve the amendment to the Articles to reflect the successive capital reductions of the Company resulting from the tender offers and capital increases resulting from the exercise of their subscription rights by warrantholders.

For: 32,720,803

Against: None

Abstention: 145,000

Resolution 3 To approve the amendment to the Articles to include the definition of the term "Specified U.S. Person" and to allow the board of directors to restrict or prevent the ownership of shares in the Company in certain circumstances.

For: 32,720,803

Against: None

Abstention: 145,000

9 May 2016