Baillie Gifford China Growth Trust plc

Declaration of Voting Results & Voting Rights Announcements • Jun 23, 2021

National Storage Mechanism | Additional information

RNS Number : 8262C

Baillie Gifford China Grwth TrstPLC

23 June 2021

BAILLIE GIFFORD CHINA GROWTH TRUST PLC (BGCG)

Legal Entity Identifier: 213800KOK5G3XYI7ZX18

November 2020 General Meeting - Update Statement

When announcing the results of the General Meeting held on 26 November 2020 Baillie Gifford China Growth Trust plc (the "Company") noted the significant vote against Resolution 2. As explained fully in the Circular, Resolution 2 sought approval to renew the Company's shareholder authority to issue further Ordinary Shares on a non pre-emptive basis prior to the Company's next annual general meeting. The Circular noted that the Directors would only use the authority to disapply pre-emption rights and issue Ordinary Shares at a premium to NAV.

The Company's broker has contacted relevant shareholders and re-iterated the context in which the Resolution was proposed.

Further, the Board discussed the matter with its advisers and for the General Meeting on 18 March 2021 and the Annual General Meeting on 16 June 2021  the resolutions to issue further Ordinary Shares on a non pre-emptive basis were split into two separate resolutions  for 10% each rather than one resolution  for 20%.   As reported by the Company the votes against the resolutions ( as a % of total votes cast)  at the General Meeting on 18 March 2021 were 1.4% and 9.3% respectively and at the Annual General Meeting on 16 June 2021 were 0.7% and 3.0% respectively.  The circular for the General Meeting in March 2021 and the Annual Report for 2021 clearly set out the rationale for the issuance authority and the circumstances in which they would be used.

Baillie Gifford & Co Limited

Company Secretaries

23 June 2021

Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws and regulations.

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