Vistra Jersey is pleased to announce that it has recently acquired the funds under the administration of Herald Fund Services Limited, a member of the Herald Group in Jersey. The existing clients and Herald’s fund administration staff will join Vistra during the course of June/July 2011.

Robert Sharp, Group Finance Director of the Herald Group said “This transaction allows the Herald Group to focus on its traditional private client business and enables us to release capital to invest in this area. We are delighted to have brought this transaction to a conclusion with Vistra and ensure continuity for our clients and staff”.

Chris Burton, CEO and Managing Director of Vistra Jersey said, “The Vistra Group, which has 20 offices in 18 jurisdictions, has a strong commitment to the fund business in Jersey and across our wider global network. This transaction will accelerate our growth and build additional critical mass in Jersey. I am happy that we have been able to finalise this deal with minimal disruption to the fund clients and staff of Herald”.

Vistra provides a comprehensive range of Jersey and international fund services from various jurisdictions.

For more information please contact Chris Burton or Carola Breusch on Tel +44 1534 504702, email:chris.burton@vistra.com/carola.breusch@vistra.com

Vistra Fund Services Limited and Herald Fund Services Limited are regulated by the Jersey Financial Services Commission.

www.vistra.com

Media Contacts: Guy Stephenson/Jennifer Duffy Nacelle Ltd 020 8333 9125 gstephenson@nacelle.co.uk

About Vistra Group

Vistra is a leading independent provider of trust, fiduciary, corporate and fund services delivering personal and tailored solutions to international corporations, institutional investors and high net worth individuals from around the world. Our clients can benefit from a multi-jurisdictional and personal approach, delivered by a team of professionals with an in-depth understanding of the often complex needs of every client. Our services include company formation and management, fund formation and administration, trustee services, family office, marine and aviation and accounting services.

Today Vistra employs around 350 employees in 20 offices covering 18 jurisdictions, with each of our offices providing the full range of trust, corporate and estate planning solutions.

Today, Vistra is a unique player in the trust and fiduciary industry, boasting the most balanced geographic reach globally while always guaranteeing the personal and tailored service that our clients deserve. Together, we bring to life the Vistra ethos of “Crossing Borders, Creating Solutions”.

For further information please visit www.vistra.com