Result of General Meeting

7 October 2025

Guinness VCT plc

Results of the General Meeting

At a General Meeting of the Company held at 3.00pm on Tuesday 7 October 2025, the following resolutions were duly passed on a show of hands.

Ordinary Resolutions

1. That, the payment by the Company to Guinness Ventures Limited of the Initial Fee, such payment being pursuant to the Offer Agreement, details of which are set out on page 7 of the circular issued to the Company's shareholders dated 12 September 2025, be approved.

2. That, pursuant to article 151 of the Company's articles of association, the Company adopt a dividend reinvestment scheme on the terms and conditions as the Directors may determine and that the Directors be authorised to offer Shareholders the right to receive Ordinary Shares in the Company, credited as fully paid, instead of cash in respect of the whole (or some part as may be determined by the Directors from time to time) of any dividend declared or paid in respect of their shareholding, in the period commencing on the date of this Resolution 2 and ending at the conclusion of the Company's next annual meeting or 15 months from the date of the passing of this resolution, whichever is earlier (unless previously renewed, varied or revoked by the Company in general meeting).

3. That, subject to the passing of Resolution 2, and in accordance with section 551 of the Companies Act 2006 (the "Act"), the Directors of the Company be and are hereby generally and unconditionally authorised to exercise all powers of the Company to allot Ordinary Shares in the capital of the Company in connection with the dividend re-investment scheme (described in Resolution 2) up to an aggregate nominal value of £12,000, representing approximately 10% of the issued share capital of the Company as at 12 September 2025, provided that this authority shall (unless renewed, varied or revoked by the Company in general meeting) expire at the conclusion of the next annual general meeting of the Company or 15 months from the date of the passing of this resolution, whichever is earlier, but so that the Company may, before such expiry, make offers or agreements which would or might require shares to be allotted after such expiry and the Directors may allot shares in pursuance of such offers or agreements as if the authority conferred hereby had not expired.

Special Resolution

4. That, subject to the passing of Resolution 3, and in accordance with sections 570 and 573 of the Companies Act 2006 (the "Act"), the Directors be and are hereby empowered to allot equity securities (as defined in section 560 of the Act) for cash pursuant to the authority conferred by Resolution 3 as if section 561(1) of the Act did not apply to any such allotment, provided that this authority shall be limited to the allotment of equity securities pursuant to Resolution 3, and shall expire at the conclusion of the next annual general meeting of the Company or 15 months from the date of the passing of this resolution, whichever is earlier, save that the Company may, before such expiry, make offers or agreements which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of such offers or agreements as if the power conferred hereby had not expired. 

Proxy votes received were: 

For further information, please contact:

Hugo Vaux

Guinness Asset Management Limited (Manager)

[email protected]

Robin Smeaton

The City Partnership (UK) Limited (Company Secretary)

[email protected]

Keith Lassman

Howard Kennedy Corporate Services LLP

[email protected] 

Alex Collins

Panmure Gordon (UK) Limited (Corporate Broker)

[email protected]