Anglo-Eastern Plantations PLC — AGM Information 2021

Jun 28, 2021

THE COMPANIES ACT 2006

PUBLIC COMPANY LIMITED BY SHARES

ORDINARY AND SPECIAL RESOLUTIONS of

ANGLO-EASTERN PLANTATIONS PLC (the "Company")

Passed on 28 June 2021

At the 36th Annual General Meeting of the Company duly convened and held on Monday 28 June 2021 the following resolutions were passed as Ordinary and Special Resolutions by the requisite majority of the members of the Company :-

ORDINARY RESOLUTION

• That the directors be generally and unconditionally authorised in accordance with 10. section 551 of the Companies Act 2006, in substitution for all existing authorities to the extent unused, to exercise all the powers of the Company to allot:
• shares in the Company up to an aggregate nominal amount of £3,303,031 (i) (representing 13,212,124 ordinary shares of 25p each) which is equal to one third of the issued ordinary share capital (excluding treasury shares) at the date of this resolution: and in addition
• equity securities of the Company (within the meaning of section 560(1) of the (ii) Companies Act 2006) in connection with an offer of such securities by way of a rights issue up to an aggregate nominal amount of £3,303,031

provided that this authority shall expire on the date of the next annual general meeting after the passing of this resolution or 30 June 2022 whichever is earlier save that the Company may before such expiry make an offer or agreement which would or might require relevant securities to be allotted after such expiry and the directors may allot relevant securities in pursuance of such an offer or agreement as if the authority conferred hereby had not expired.

"rights issue" means an offer of equity securities open for acceptance for a period fixed by the directors to holders of equity securities (other than the Company) on the register on a fixed record date in proportion to their respective holdings of such securities or in accordance with the rights attached thereto (but subject to such exclusions or other arrangements as the directors may deem necessary or expedient in relation to fractional entitlements or legal or practical problems under the laws of, or the requirements of any recognised regulatory body or any stock exchange in, any territory).

SPECIAL RESOLUTIONS

• 11 That subject to and conditional on the passing of Resolution 10, the directors be empowered pursuant to section 570 of the Companies Act 2006) to allot equity securities (within the meaning of section 560 of that Act) for cash pursuant to the authority conferred by Resolution 10 and/or by way of sale of treasury shares as if section 561(1) of that Act did not apply to any such allotment or sale, provided that this authorisation shall be limited to:
• the allotment of equity securities and sale of treasury shares for cash in connection (i) with an offer or issue of, or invitation to apply for, equity securities made to (but in the

case of the authority granted under paragraph (ii) of Resolution 10 by way of a rights issue only);

• (a) holdings: and
• (b) the directors otherwise consider necessary,

and permitting the directors to impose any limit or restrictions and make any arrangements which they consider necessary or appropriate to deal with treasury shares, fractional entitlement, record dates, legal regulatory or practical problems in, or under, the laws of any territory, or any other matter; and

(ii) sale of treasury shares for cash, to the allotment of equity shares or sale of treasury shares up to an aggregate nominal amount of £495,454.

Such power shall apply during the period expiring on the date of the next annual general meeting or on 30 June 2022 (whichever shall be earlier) but the directors may during such periods make offers or agreements which would or might require equity securities to be allotted (and treasury shares to be sold) after the expiry of such period.

• 12 That the Company be generally and unconditionally authorised to make market purchases (within the meaning of section 693(4) of the Companies Act 2006) of ordinary shares of 25p each in the capital of the Company on such terms as the directors think fit, provided that:
• (a) 3,963,637 (representing 10% of the issued ordinary share capital);
• (b) is 25p;
• the maximum price (exclusive of expenses) which may be paid for each ordinary (c) share is the higher of:
• (i) share as derived from the Daily Official List of the London Stock Exchange for the five business days immediately preceding the date of purchase; and
• (ii) London Stock Exchange; and
• (d) conclusion of the next annual general meeting of the Company save that the Company may before the expiry of this authority make a contract of purchase which will or may be executed wholly or partly after such expiry and may make a purchase of shares pursuant to any such contract.
• 13 called on not less than 14 clear days' notice.

Dato' John Lim Ewe Chuan

Executive Director