Holdings In Other Investments

Re: Holdings In Other Investments

Lazard World Trust Fund

In accordance with the UKLA Listing Rule LR15.6.8, the Lazard World Trust Fund announces that as at September 30, 2016 2.00% of its total net assets were invested in other UK listed investment companies (including investment trusts) which did not have stated investment policies to invest no more than 15% of their assets in other UK listed investment companies (including investment trusts). The list is as follows:

NAME % of Total Net Assets

British Empire Trust 2.00%

Total 2.00%

Listing Category: Premium - Equity Closed-ended Investment Funds