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 resigned from the Board of 3i Infrastructure Plc as non-executive Director, with effect from 31 December 2016.

Hilary Jones

For and on behalf of
R&H Fund Services (Jersey) Ltd

3 November 2016