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World Trust Fund (WTR)

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Thursday 27 May, 2010

World Trust Fund

EGM Statement

EGM Statement

World Trust Fund

For immediate release on 27 May 2010

The World Trust Fund

EGM statement

Result of EGM

The Board is pleased to announce that resolution 1 approving a proposed related party transaction between the Fund and RIT Capital Partners Plc was duly passed at the Extraordinary General Meeting held earlier today.

The result of the voting on resolution 1 was as follows:

  Votes in favour*   %**   Votes against
1 7,132,820 100% 0

* The “Votes in favour” include those votes giving the Chairman discretion

** The percentages are based on the total number of votes cast. Votes cast do not include votes in relation to shares represented at a meeting but in respect of which shareholders have not taken part in the vote, have abstained or returned blank or invalid votes.

All votes cast in relation to resolution 2 relating to a proposed amendment to the Articles of Incorporation were cast in favour, however the requisite quorum was not obtained and therefore a second EGM has been reconvened at 10.00 a.m. on Thursday 1 July 2010. There shall be no quorum requirement at the Reconvened EGM.

All Forms of Proxy which have been completed for use in connection with the Extraordinary General Meeting held earlier today will remain valid for the Reconvened EGM unless expressly revoked

Related party transaction

The Fund is pleased to announce that all of the RIT Shares have been placed with institutional investors and therefore the Fund is not obliged to repurchase any Shares pursuant to the terms of the Repurchase Agreement.

Capitalised terms used in this announcement have the same meaning as in the Circular dated 6 May 2010 unless the context requires otherwise.

Enquiries:

Arbuthnot Securities Limited
Alastair Moreton / Hannah Pearce
+44 (0)20 7012 2000
 
State Street Bank Luxembourg
Samuel Holliday
+ 352 46 40 10 786