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Lazard World Dividend & Income Fund Confirms New Distribution



  Lazard World Dividend & Income Fund Confirms New Distribution

Business Wire

NEW YORK -- January 2, 2013

Lazard World Dividend & Income Fund, Inc. (the "Fund") (NYSE:LOR) is
confirming today, pursuant to its level distribution policy, as previously
authorized by its Board of Directors, a monthly distribution of $0.07822,
equivalent to 6.5% of the Fund’s net asset value per share as of the close of
markets on December 31, 2012 on the Fund’s outstanding common stock. The next
distribution is payable on January 23, 2013 to shareholders of record on
January 11, 2013. The ex-dividend date is January 9, 2013.

The Fund’s objective is total return, through a combination of dividends,
income, and capital appreciation. The Fund’s net assets are invested in a
portfolio of approximately 60 to 90 world equity securities, consisting
primarily of stocks selected from the current holdings of other accounts
managed by LAM. The equity portfolio is broadly diversified in both developed
and emerging market countries and across the capitalization spectrum. The Fund
seeks enhanced income by investing in short duration (typically below one
year) emerging market forward currency contracts and other emerging market
debt instruments.

An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM, the Fund’s investment
manager, offers a range of equity, fixed-income, and alternative investment
products worldwide. As of September 30, 2012, LAM and affiliated asset
management companies in the Lazard Group managed $160 billion worth of client
assets. For more information about LAM, please go to www.LazardNet.com.

Contact:

Lazard
Media:
Judi Mackey, +1 212-632-1428
judi.mackey@lazard.com
or
Investor:
Ben Wulfsohn, +1 800-823-6300
ben.wulfsohn@lazard.com
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