Transaction in Own Shares

Lazard World Trust Fund

Transaction in own shares

Lazard World Trust Fund (the "Company") announces that on 23 August 2018, the Company purchased 500,000 ordinary shares of USD 0.20 each, for treasury, at a price of 370.0 pence per share.

Following this purchase, the Company's issued share capital consists of 46,635,770 Ordinary Shares, of which 32,343,493 Ordinary Shares have voting rights and 14,292,277 Ordinary Shares are held in Treasury without voting rights.

The Company has been advised that, under the Luxembourg Transparency Law of 11 January 2008, shares held in treasury are required to be included in the denominator to be used by shareholders in their shareholding announcements.

Accordingly, the above figure (46,635,770) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interests in, the Company in accordance with the Luxembourg Transparency Law of 11 January 2008 on transparency requirements for issuers of securities.

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