Walter A. Eberstadt

Lazard World Trust Fund is a closed-end investment fund, which engages in investments in a portfolio of closed-end funds, investment trusts and holding companies, and other similarly traded companies whose shares are listed or traded on international exchanges, and generally at a discount to net asset value. The company was founded on June 20, 1991 and is headquartered in Luxembourg.

The Emerging Markets Telecommunications Fund, Inc. is a closed-end, non-diversified management investment company. The Fund invests in wireless telecommunications services and diversified telecommunication services sectors. It invests in countries, such as Africa, Asia, Europe, Latin America, Middle East, North America and other countries. Credit Suisse Asset Management, LLC serves as the Fund's investment adviser. The Company is headquartered in New York.

First Israel Fund, Inc. is a closed ended mutual fund. The Fund may invest up to 80% of its total assets in 'Asian debt securities', and may be denominated in an Asian Country currency or in Australian, New Zealand or U.S. dollars.

The Latin America Equity Fund, Inc. (formerly known as The Latin America Investment Fund, Inc.) (the 'Company'), a corporation organized under the laws of the state of Maryland, confirms its agreement with Aberdeen Asset Management Investment Services Limited (the 'Adviser'), a corporation organized under the laws of United Kingdom

Lazard Freres & Co. LLC provides corporate advisory, capital market, and asset management services. The company was founded on April 13, 1992 and is headquartered in New York, NY.

Aberdeen Emerging Markets Smaller Co. Opportunities Fund, Inc. operates as a closed-end investment fund/investment trust. It seeks long-term capital appreciation by investing primarily in equity securities of telecommunications companies in emerging market. The company was founded on October 12, 1993 and is headquartered in Philadelphia, PA.