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       The
       SPDR&lt;sup style="font-size: 85%; vertical-align: text-top"&gt;&amp;#174;&lt;/sup&gt;
       Gold Trust (the &amp;#8220;Trust&amp;#8221;) is an investment trust formed
       on November&amp;#160;12, 2004 (&amp;#8220;Date of Inception&amp;#8221;) under
       New York law pursuant to a trust indenture. The fiscal year end
       for the Trust is September&amp;#160;30th. The Trust holds gold and
       issues shares (&amp;#8220;Shares&amp;#8221;) (in minimum blocks of
       100,000&amp;#160;Shares, also referred to as &amp;#8220;Baskets&amp;#8221;) in
       exchange for deposits of gold and distributes gold in connection
       with redemption of Baskets. The investment objective of the
       Trust is for the Shares to reflect the performance of the price
       of gold bullion, less the Trust&amp;#8217;s expenses.
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       The condensed statements of condition at June&amp;#160;30, 2010 and
       September&amp;#160;30, 2009, the condensed statements of operations
       and of cash flows for the three and nine months ended
       June&amp;#160;30, 2010 and 2009 and the condensed statement of
       changes in shareholders&amp;#8217; deficit for the nine months ended
       June&amp;#160;30, 2010 have been prepared on behalf of the Trust
       without audit. In the opinion of management of the sponsor of
       the Trust, World Gold Trust&amp;#160;Services, LLC (the
       &amp;#8220;Sponsor&amp;#8221;), all adjustments (which include normal
       recurring adjustments) necessary to present fairly the financial
       position, results of operations and cash flows as of and for the
       three and nine months ended June&amp;#160;30, 2010 and 2009 have
       been made.
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       Certain information and footnote disclosures normally included
       in financial statements prepared in accordance with accounting
       principles generally accepted in the United States of America
       have been condensed or omitted. These condensed financial
       statements should be read in conjunction with the financial
       statements and notes thereto included in the Trust&amp;#8217;s Annual
       Report on
       &lt;font style="white-space: nowrap"&gt;Form&amp;#160;10-K&lt;/font&gt;
       for the fiscal year ended September&amp;#160;30, 2009. The results
       of operations for the three and nine months ended June&amp;#160;30,
       2010 are not necessarily indicative of the operating results for
       the full year.
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