Tufton Oceanic Assets Limited

Proxy Solicitation & Information Statement • Oct 29, 2024

Tufton Oceanic Assets Limited

Form of Proxy - Annual General Meeting 2024

To be held at 1 Royal Avenue, Royal Plaza, St Peter Port, Guernsey GY1 2HL

On Thursday, 24 October 2024 at 11.00 am BST time and at any adjournment thereof

I/We………………………………………..………………………………………………….………

(BLOCK LETTERS PLEASE)

of………………………………………………………………………………………………………

…………………………………………………………………………………………………………

being (a) member(s) of the above-named Company, hereby appoint the Chairman of the meeting/ or*

………………………………………………………………………………………………………………

as my/our proxy to vote for me/us and on my/our behalf at the Annual General Meeting of the Company to be held at 1 Royal Avenue Royal Plaza, St Peter Port, Guernsey, GY1 2HL on Thursday, 24 October 2024 at 11.00 pm BST time and at any adjournment thereof.

* To allow effective constitution of the meeting, if it is apparent to the Chairman that no shareholders will be present other than by proxy, then the Chairman may appoint a substitute to act as proxy in his stead for any shareholder, provided that such substitute proxy shall vote on the same basis as the Chairman. A proxy need not be a member of the Company.

I/We direct my/our proxy to vote as follows:

ORDINARY RESOLUTIONS		FOR	AGAINST	VOTE WITHHELD**
1.	To receive the Company's Annual Report and Audited Financial Statements for the year ended 30 June 2024.
2.	To re-appoint PricewaterhouseCoopers CI LLP as auditor to the Company until the conclusion of the next general meeting at which accounts are laid before the Company.
3.	To authorise the Directors to determine the remuneration of the auditor.
4.	To approve the remuneration of the Directors for the year ended 30 June 2024, as set out in the Directors' Report.

Tufton Oceanic Assets Limited

ORDINARY RESOLUTIONS		FOR	AGAINST	VOTE WITHHELD**
5.	To re-elect Mr Robert King as a Director who retires by rotation in accordance with Article 21.3 of the Articles.
6.	To re-elect Mr Stephen Le Page as a Director who retires by rotation in accordance with Article 21.3 of the Articles.
7.	To re-elect Mr Paul Barnes as a Director who retires by rotation in accordance with Article 21.3 of the Articles.
8.	To re-elect Ms Christine Rødsæther as a Director who retires by rotation in accordance with Article 21.3 of the Articles.
9.	To elect Ms Trina Le Noury as a Director who retires by rotation in accordance with Article 21.3 of the Articles.
	10. Authority to make acquisitions of the Company's own shares.
	11. To approve the Company's dividend policy.
	12. To approve the Continuation of the Company.
	SPECIAL RESOLUTION
	13. To approve the Company name change.
	EXTRAORDINARY RESOLUTION
	14. Authority to allot and issue shares and to sell shares held in treasury as if the pre-emption rights in the Articles do not apply.

Signed this day of 2024

Signature

Tufton Oceanic Assets Limited

[ ] Please tick here to indicate that this proxy instruction is in addition to a previous instruction. Otherwise it will overwrite any previous instruction given.

NOTES TO THE FORM OF PROXY:

• i. Please indicate with an "X" in the appropriate box how you wish the proxy to vote.
• ii. If no "X" is marked in any of the for/against/vote withheld boxes in respect of a resolution, the proxy will exercise their discretion as to how they vote or whether they withhold their vote. The proxy will also exercise their discretion as to how they vote or whether they withhold their vote on any business or resolution considered at the AGM other than the resolutions referred to in this form of proxy.
• iii. In accordance with sections 222 and 223 of The Companies (Guernsey) Law 2008, you may appoint more than one person as your proxy to exercise all or any rights to attend and to speak and vote.
• iv. **A vote withheld is not a vote in law and will not be counted in the calculation of the votes "For" and "Against" a resolution.
• v. To be valid this form of proxy and any power of attorney or of the authority under which it is executed (or a duly certified copy of such power of attorney) must be lodged with the Company's Registrar: Computershare Investor Services (Guernsey) Limited, c/o The Pavilions, Bridgwater Road, Bristol, BS99 6ZY or the registered office of the Company c/o Apex Administration (Guernsey) Limited, 1 Royal Avenue, Royal Plaza, St Peter Port, Guernsey, GY1 2HL by no later than 11.00 am BST time on Tuesday, 22 October 2024, being 48 hours before the time appointed for the AGM. Completing and returning this form of proxy will not prevent you from attending the meeting and voting in person if you so wish.
• vi. In order to revoke a proxy instruction, a member will need to send a signed hard copy notice clearly stating their intention to revoke a proxy appointment, together with the power of attorney or other authority (if any) under which it is signed, or a notarially certified copy of such power of attorney or authority, to the Company's Registrar to the contact details noted above.
• vii. A form of proxy executed by a corporation must be either under its common seal or signed by an officer or attorney duly authorised by that corporation.
• viii. In the case of joint holdings, the signature of the first named member on the Register of Members will be accepted to the exclusion of the votes of the other joint holders.
• ix. Pursuant to Regulation 41 of the Uncertificated Securities (Guernsey) Regulations 2009, entitlement to attend and vote at the meeting and the number of votes which may be cast thereat will be determined by reference to the Register of Members of the Company at close of business on the day which is two business days before the day of the meeting. Changes to entries on the Register of Members after that time shall be disregarded in determining the rights of any person to attend and vote at the meeting.