Archived World Gold Council Document

29th August 2002

TWO ADDITIONS TO THE INVESTMENT TEAM AT THE WORLD GOLD COUNCIL

The Executive Committee of the World Gold Council is pleased to announce the appointment of two new members of the senior management team. Stuart Thomas is Managing Director of its newly formed subsidiary, World Gold Trust Services LLC and based in the World Gold Council's New York office he will be responsible for developing a new gold investment product. Simon Village will be Managing Director Investment Services based in London with a similar remit to promote gold investment products globally on behalf of the World Gold Council.

Stuart Thomas graduated from Fairleigh Dickinson University where he majored in Economics and Finance. He joins the World Gold Council from Morgan Stanley in New York where he was First Vice President, Director, Equity Capital Markets Sales and Solutions. Previously Stuart was with Merrill Lynch in New York for 9 years.

Simon Village graduated as a Mining Engineer from the Camborne School of Mines, UK, and gained practical knowledge of the industry working for Shell Minerals and the Anglo American Group. For the past 8 years Simon has been with HSBC in South Africa and London. Simon was responsible for Global Mining Research for the HSBC Investment Banking Group and most recently repositioned HSBC's Institutional Securities business in South Africa.

The creation of innovative gold-backed financial products will increase interest in gold as an investment. This is one initiative of several that will reinvigorate the Council under the leadership of Chairman, Chris Thompson, and the recently appointed Jim Burton as the World Gold Council's Chief Executive Officer.