State Street : SPDR Gold Shares Halves Board Lot Size on Singapore Exchange

A unit trust that is not recognized under section 287 of the Securities and Futures Act, Chapter 289 of Singapore. Stock Code: 087

SPDR® Gold Trust (the 'Trust') is an exchange traded fund designed to track the price of gold (net of Trust expenses). The value of the gold held by the Trust is determined using the recently established LBMA Gold Price PM. For further information and risks regarding the LBMA Gold Price PM, please refer to the offering documents. Investment involves risks, in particular, investing in one single commodity asset class. Fluctuation in the price of gold may materially adversely affect the value of the Trust. Investors may lose part or all of their investment. The trading price of the Shares may be different from the underlying NAV per share. The Trust may not be suitable for all investors. Investors should not invest based on this marketing material only. Investors should read the Trust's prospectus, including the risk factors, take into consideration of the product features, their own investment objectives, risk tolerance level, etc. and seek independent financial and professional advice as appropriate prior to making any investment.

State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), and the World Gold Council, today announced that the board lot size of the SPDR® Gold Shares (SGX: 087) traded on the Singapore Exchange Securities Trading Limited ('SGX-ST') will be reduced from 10 shares to 5 shares, effective 14 January, 2019.

The reduction of board lot size will halve the minimum investment amount of the SPDR® Gold Shares. The minimum investment amount was USD 1,157.4 as of 30 November, 2018¹.

'SPDR® Gold Shares is used by investors across the globe to gain exposure to the physical gold market,' said Matthew Arnold, head of SPDR® ETFs Singapore at State Street Global Advisors. 'This minimum lot size reduction on the SGX-ST will allow more Singaporeans, including Central Provident Fund (CPF) Investment Scheme members, to efficiently invest in gold, a truly unique asset class and one that has historically acted as a portfolio diversifier, particularly during times of market volatility.'

Launched by the World Gold Council and State Street Global Advisors in 2004 in the US, the SPDR® Gold Shares is an exchange-traded fund that tracks the spot price of gold bullion. Listed in 2006, the SPDR® Gold Shares remains the only gold ETF listed on SGX-ST.

'Demand for gold throughout Asia is significant and Singapore is an increasingly important trading hub for the industry,' said Joseph Cavatoni, Managing Director, USA & ETFs at World Gold Council. 'The initiative announced today reflects our ongoing commitment to product enhancements that empower investors to realize the potential benefits of gold as a component of their portfolios.'

¹ This prediction is not necessarily indicative of the future or likely performance of the Trust

About State Street Global Advisors
For four decades, State Street Global Advisors has served the world's governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world's third largest asset manager with nearly US $2.81 trillion* under our care.

* This figure is presented as of 30 September, 2018 and includes approximately $28 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

About World Gold Council
The World Gold Council is the market development organisation for the gold industry. Our purpose is to be the global authority on the gold market, provide industry leadership, and stimulate and sustain demand for gold. We develop gold-backed solutions, services and products, based on authoritative market insight and we work with a range of partners to put our ideas into action. We provide insights into the international gold markets, helping people to understand the wealth preservation qualities of gold and its role in meeting the social and environmental needs of society. For more on our insights and research, go to www.goldhub.com.

The membership of the World Gold Council includes the world's leading and most forward thinking gold mining companies.

World Gold Trust Services, LLC (the 'Sponsor'), the sponsor of the Trust, is an indirect wholly owned subsidiary of the World Gold Council.