Board instruction to the Manager

16 January 2026

Franklin Global Trust plc

Legal Entity Identifier: 549300RKB85NFVSTBM94

Board instruction to the Manager

Further to the announcement on 13 November 2025 regarding the proposed combination with Invesco Global Equity Income Trust plc (the Transaction), the Board of Franklin Global Trust plc (the Company or FRGT) has issued the following instructions to the Company's alternative investment fund manager, Franklin Templeton Investment Trust Management Limited (the Manager), effective 16 January 2026:

· the Manager is instructed not to make any new investments in stocks or non-cash assets; and

· should the Manager, sell stocks or non-cash assets in the usual course of portfolio management, the proceeds are to be held in cash or reinvested into:

o  the iShares MSCI ACWI UCITS ETF - USD] (the ETF), in order to maintain market exposure in line with FRGT's benchmark which is the MSCI All Country World Index; and

o  a cash-like instrument such as gilts or other short-term highly liquid securities.

No new investment in a single instrument shall exceed more than 10 per cent. of the total assets of the Company at the time of investment, in accordance with the Company's investment policy.

The intention of these instructions is to reduce the risk of any negative impact on shareholder value until the proposed Transaction is made effective. This is common in mergers of this type where new investments cannot be made for the long term. It is considered that the best interests of shareholders are met by reinvesting any sale proceeds into the ETF or cash-like instrument as instructed.

For further information, please contact:

[email protected]