Shearman & Sterling represented CIBC World Markets Inc. and Credit Suisse Securities (Canada), Inc. as underwriters in connection with Central GoldTrust's public offering of 5,730,000 trust units in the United States and Canada.

Central GoldTrust is a passive, self-governing, single purpose, closed-end trust established to buy and hold substantially all of its assets in gold bullion. Central GoldTrust's trust units trade on the NYSE Amex and the Toronto Stock Exchange.