Central GoldTrust Issues Letter to Unitholders - Seite 3

More detailed information regarding the Sprott Offer and the reasons for your Trustees' recommendation to GoldTrust Unitholders to REJECT the Sprott Offer can all be found on GoldTrust's website at www.gold-trust.com or www.goldtrust.ca. Unitholders are urged to read the documents provided on our website in detail before making any decision about the Sprott Offer.

Your Trustees recommend that Unitholders REJECT the Sprott Offer, TAKE NO ACTION, DO NOT TENDER their Units to the Sprott Offer and WITHDRAW their Units if already tendered.

Thank you for your consideration of these concerns, and we thank you for your continued support of GoldTrust.
Sincerely,

Bruce Heagle

Chair of the Special Committee of Independent Trustees

J.C. Stefan Spicer

Founder, Chairman and CEO

For up to date information we strongly encourage Unitholders to please visit www.gold-trust.com or www.goldtrust.ca Or call GoldTrust directly at 905-304-4653 (GOLD) or 905-648-7879 Unitholders who have already tendered to the Sprott Offer can withdraw their Units by contacting D.F. King & Co at 1-800-251-7519, or via email at [e-mail]

About Central GoldTrust

GoldTrust (established on April 28, 2003) is a passive, self-governing, single purpose trust, which invests primarily in long-term holdings of gold bullion and does not speculate in gold prices. At August 27, 2015, the GoldTrust Units were 99.4% invested in unencumbered, allocated and physically segregated gold bullion. Units may be purchased or sold on the Toronto Stock Exchange and NYSE MKT.

Additional Information and Where to Find It

The recommendation of the Trustees described herein is contained in the Trustees' Circular, which has been filed with Canadian securities regulatory authorities and is also contained in the solicitation/recommendation statement filed with the Securities and Exchange Commission ("SEC"). The Trustees' Circular may be obtained at http://www.sedar.com and at http://www.gold-trust.com/news.htm. The solicitation/recommendation statement may be obtained at the SEC's website at http://www.sec.gov.