Directorate Change

22 July 2014

The World Trust Fund

Appointment of Director

The Board of The World Trust Fund (the "Company") is pleased to announce the appointment of Mr Tony C. Morrongiello as a new non-executive director with effect from 19 August 2014 subject to election as a director at the Annual General Meeting of Shareholders to be held on the same day. This appointment follows a formal search process undertaken as part of the Company's succession planning.

Mr Morrongiello is currently the CEO of Altin AG a Swiss alternative investment company listed on both the Swiss (SIX) and London stock exchanges. From 2005 to 2012, he was a Managing Partner of Caliburn Capital, an alternative institutional fund management platform and for the five years prior to that he was Chief Executive Officer of 3A, a subsidiary of Bank SYZ & Co in Geneva. Mr Morrongiello was previously General Manager of Merrill Lynch Capital Markets Bank in Milan. In 2014 Mr Morrongiello obtained the Financial Times Non-Executive Director Diploma, a post-graduate level qualification for Non-Executive Directors. 

The Company confirms that there are no further matters under UKLA Listing Rules LR 9.6.13(1) to LR 9.6.13(6) requiring disclosure.