Result of EGM

Lazard World Trust Fund

(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 today, 11 January 2019, to facilitate the managed wind-down of the Company, were approved. The results are as shown below:

Resolution 1 To approve the Divestment Investment Policy as set out in the circular.

For: 24,556,659 (99.99%)

Against: 3,410

Abstention: 0

Resolution 2 To approve the Compulsory Redemption Mechanism as set out in the circular.

For: 24,556,659 (99.99%)

Against: 3,410

Abstention: 0

As set out in the Circular published by the Company on 20 December 2018, the latest date for the first Redemption Date shall be the earlier of (i) the date on which an amount equal to at least £50 million has been realised; and (ii) one month from the date of the Extraordinary General Meeting, being 11 February 2019.

Terms used and not defined in this announcement bear the meaning given to them in the Circular. A copy of the Circular is available on the Company's website www.lazardworldtrustfund.com.

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