Blackrock Energy & Resources Income Trust PLC

AGM Information • May 26, 2022

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date: 2022-05-23 16:11:00+00:00

BLACKROCK ENERGY AND RESOURCES INCOME TRUST PLC

(Incorporated in England and Wales with registered number 05612963)

GENERAL MEETING RESOLUTIONS

PASSED ON 26 MAY 2022

At a general meeting of BlackRock Energy and Resources Income Trust plc (the "Company") duly convened on 26 May 2022 at 3.00 p.m. the following resolutions were duly passed:

ORDINARY RESOLUTIONS

THAT, in addition to all existing authorities, the Directors of the Company be and they are hereby generally and unconditionally authorised pursuant to Section 551 of the Companies Act 2006 (the "Act"), to exercise all the powers of the Company to allot ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") and to grant rights to subscribe for or to convert any security into Ordinary Shares (the "Securities") up to an aggregate nominal amount of £128,440.39 (equivalent to 12,844,039 Ordinary Shares representing approximately 10 per cent. of the aggregate nominal amount of the issued Ordinary Share capital, excluding any treasury shares, of the Company at the date of this notice) provided this authority shall (unless previously revoked) expire at the conclusion of the annual general meeting of the Company to be held in 2023, but the Company shall be entitled to make offers or agreements before the expiry of this authority which would or might require Securities to be allotted after such expiry and the Directors may allot such Securities pursuant to any such offer or agreement as if the power conferred hereby had not expired.

THAT, in addition to the authority granted under resolution 1 above and all existing authorities, the Directors of the Company be and they are hereby unconditionally authorised pursuant to Section 551 of the Act, to exercise all powers of the Company to allot Ordinary Shares up to an aggregate nominal amount of £650,000 (equivalent to 65 million Ordinary Shares representing approximately 50.6 per cent. of the aggregate nominal amount of the issued Ordinary Share capital, excluding any treasury shares, of the Company at the date of this notice) in connection with the Placing Programme (as defined in the circular to shareholders of the Company dated 29 April 2022 of which this notice forms part) provided this authority shall (unless previously revoked) expire on the first anniversary of the date of the prospectus published in relation to the Placing Programme or, if earlier at the conclusion of the annual general meeting of the Company to be held in 2024, but the Company shall be entitled to make offers or agreements before the expiry of this authority which would or might require Ordinary Shares to be allotted after such expiry and the Directors may allot such Ordinary Shares pursuant to any such offer or agreement as if the power conferred hereby had not expired.

SPECIAL RESOLUTIONS

THAT, subject to the passing of resolution 1 above and, in addition to all existing authorities, the Directors of the Company be and are hereby generally empowered pursuant to Sections 570 and 573 of the Act to allot equity securities (as defined in Section 560 of the Act) pursuant to the authority granted in resolution 1 above and to sell equity securities held by the Company as treasury shares (as defined in Section 724 of the Act), for cash, as if section 561(1) of the Act did not apply to any such allotments and or sales of equity securities, provided that this authority:

shall expire on the conclusion of the annual general meeting of the Company to be held in 2023, except that the Company may before such expiry make offers or agreements which would or might require equity securities to be allotted or sold after such expiry and notwithstanding such expiry, the Directors may allot or sell equity securities in pursuance of such offers or agreements as if the power conferred hereby had not expired;

shall be limited to the allotment of equity securities and/or sale of equity securities held in treasury for cash up to an aggregate nominal value of £128,440.39 (equivalent to 12,844,039 Ordinary Shares representing approximately 10 per cent. of the aggregate nominal amount of the issued Ordinary Share capital, excluding any treasury shares, of the Company at the date of this notice); and

shall be limited to the allotment of equity securities and/or sale of equity securities held in treasury at a price not less than the net asset value per Ordinary Share as close as practicable to the allotment or sale.

THAT, subject to the passing of resolution 2 above and in addition to the granted authority under resolution 3 and all existing authorities, the Directors of the Company be and are hereby generally empowered, pursuant to Sections 570 and 573 of the Act to allot Ordinary Shares pursuant to the authority granted under resolution 2 above and to sell Ordinary Shares held by the Company as treasury shares (as defined in Section 724 of the Act), for cash, as if section 561(1) of the Act did not apply to any such allotments or sales of Ordinary Shares, provided that this authority:

shall expire on the first anniversary of the publication date of the prospectus to be published in relation to the Placing Programme (as defined in the circular to shareholders of the Company dated 29 April 2022 which this notice forms part) or, if earlier, at the conclusion of the annual general meeting of the Company to be held in 2024;

shall be limited to the allotment of Ordinary Shares and/or sale of Ordinary Shares held in treasury for cash up to an aggregate nominal value of £650,000 (equivalent to 65 million Ordinary Shares representing approximately 50.6 per cent. of the issued Ordinary Share capital, excluding treasury shares, of the Company as at the date of this notice); and

be limited to the allotment of Ordinary Shares and/or sale of Ordinary Shares held in treasury shares for cash under the Placing Programme.