AMATI AIM VCT PLC

AGM Information • Mar 2, 2022

AMATI AIM VCT PLC

(Registered No. 04138683)

(the "Company")

NOTICE OF PASSING OF SPECIAL RESOLUTION

NOTICE is hereby given that at a general meeting of the Company held at the offices of Amati Global Investors Limited, 8 Coates Crescent, Edinburgh, Scotland EH3 7AL on 2 March 2022 at 11.00 a.m., the following resolutions of the Company were passed:

ORDINARY RESOLUTION

• 1. ST THAT, in addition to all existing authority, the directors of the "Directors") be and are hereby generally unconditionally authorised pursuant to section 551 of the Companies Act 2006 (the "Act") to exercise all powers of the Company to allot ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") and to grant rights to subscribe for or to convert any security into shares in the Company ("Rights") up to an aggregate nominal amount of £500,000 (being approximately 7.3 per cent. of the issued share capital of the Company as at 4 February 2022), provided that:
  2. (i) the authority hereby conferred by this resolution shall expire (unless previously renewed or revoked) on the earlier of the date of the annual general meeting of the Company to be held in 2022 and the date which is 15 months after the date on which this resolution is passed;
  3. (ii) the Directors may make an offer or agreement which would or might require Ordinary Shares to be allotted, or Rights to be granted, after the authorisation has expired; and
  4. (ii) the Directors may allot Ordinary Shares, or grant Rights under the authority conferred by this resolution after authorisation has expired if the Ordinary Shares are allotted, or the Rights are granted, in pursuance of an offer or agreement made by the Company before the authorisation expired.

SPECIAL RESOLUTION

1. THAT, in addition to all existing authority and subject to the passing of resolution 1 above, the directors of the Company (the "Directors") be and are hereby generally empowered, pursuant to sections 570 and 573 of the Companies Act 2006 (the "Act") to allot or make offers or agreements to allot equity securities (within the meaning of section 560 of the Act) for cash pursuant to any authority for the time being in force under section 551 of the Act and to sell shares held by the Company in treasury, wholly for cash, as if section 561(1) of the Act did not apply to any such allotment or sale, provided that this power:

2. (i) shall be limited to the allotment of equity securities and the sale of treasury shares for cash up to an aggregate nominal amount of £500,000 (being approximately 7.3 per cent. of the issued share capital of the Company as at 4 February 2022); and

3. (ii) expires (unless previously renewed or revoked) on the earlier of the date of the annual general meeting of the Company to be held in 2022 and the date which is 15 months after the date on which this resolution is passed, save that the Company may before such expiry make an offer or agreement which would or might require equity securities to be allotted or treasury shares to be sold after such expiry and the Directors may allot equity securities or sell treasury shares in pursuance of such an offer or agreement as if the power conferred hereby had not expired.

Director

Amati AIM VCT plc

Date: