Director Declaration

City Merchants High Yield Trust Ltd

HEADLINE:            Change in Director’s Details

In accordance with LR 9.6.14, the Board of City Merchants High Yield Trust Ltd announces that Philip Austin has been appointed to the Board of Jersey Electricity Plc as non-executive Director, with effect from 12 May 2016.

Hilary Jones

For and on behalf of

R&H Fund Services (Jersey) Ltd

13 May 2016