Caledonia Investments PLC

Proxy Solicitation & Information Statement • Jun 12, 2025

Annual General Meeting

To be held at 11.30 a.m. on 16 July 2025 at 6 Park Place, St James's, London SW1A 1LR.
This will facilitate entry to the meeting.			If you wish to attend this meeting in your capacs in Calednia investments plc, please sign this card and on arrival hand it to the Company's registra.
Signature of person attending	Bar Code:
			Please tear off and return this form of proxy.
Form of proxy - Caledonia Investments plc Annual General Meeting
			Bar Code:
			Event Code:
			Before completing this form, please read the explant your proxy form by post, by personal delivery, online, via the VOTE- app, via the CREST Proxy Voting Service or, for institutional investors, via the Proxymity platform. Please see explanatory note 4 for further details.
			/We being a member/members of Caledonia Investments plc (Company') hereby appoint the Chair of the following person*
			Number of shares proxy appointed over
			Please leave the name of proxy blank if you have appointed the Chair. Do not insert your own name(s) here. as my/our proxy to vote at the annual general med at 11.30 a.m. on 16 July 2025 at 6 Park Pace, St Jame's , London SWLA 118 and a any
			adjournment(s) thereof on the following resoutions on ". It no indication is given, my/our proxy will vote or abstain from voting at ther discretion and I/we authorise my/our proxy to vote (or abstain from voting) as they think fit in relation to any business of the meeting.
			ff or the appointment of more than one proxy plantory note 2.
(please mark 'X' to indicate
how you wish to vote)		Against Vote For	withheld
ended 31 March 2025			12. To re-elect Ms M A Farlow as a director 13. To re-elect Mrs C L Fitzalan Howard as a director
31 March 2025 (other than the directors' remuneration policy)			14. To re-elect Ms L R Fordham as a director
			15. To re-appoint BDO LLP as auditor
			16. To authorise the directors to agree the auditor's remuneration
			17. To sub-divide each ordinary share of 5p in the capital of the Company into
			ten ordinary shares of 0.5p each 18. To grant the Company authority to make market purchases of its own shares
			19. To authorise the allotment of unissued shares
			20. To authorise the allotment of shares on a non pre-emptive basis
Name of proxy RESOLUTIONS 1. To receive and adopt the annual report and accounts for the year 2. To approve the directors' remuneration report for the year ended 3. To approve and declare a final dividend of 53.91p per ordinary share 4. To re-elect Mr D C Stewart as a director 5. To re-elect Mr M S D Masters as a director 6. To re-elect Mr R W Memmott as a director 7. To re-elect Mr J M B Cayzer-Colvin as a director 8. To re-elect The Hon C W Cayzer as a director 9. To re-elect Mr W P Wyatt as a director 10. To re-elect Ms F A Buckley as a director 11. To re-elect Mr G B Davison as a director			21. To authorise the convening of general meetings (other than annual general meetings) on not less than 14 clear days' notice

_ Date

Explanatory notes

• As a member of the Company, you have the right to appoint some other person of your 1. choice, who need not be a member of the Company, as your proxy to exercise on your behalf all or any of your rights to attend, speak and vote at the meeting. If you wish to appoint a person other than the Chair of the meeting, please insert the name of your chosen proxy in the space provided. If the proxy is being appointed in relation to less than your full voting entitlement, please enter in the appropriate box the number of shares in relation to which the proxy is authorised to act. If left blank, your proxy will be deemed to be authorised in respect of your full voting entitlement (or, if this proxy has been issued in respect of a designated account, the full voting entitlement for that designated account). If you wish your proxy to make any comments at the meeting on your behalf, you will need to appoint as your proxy someone other than the Chair and give appropriate instructions to that person directly.
• 1. You may appoint more than one proxy provided each proxy is appointed to exercise rights attached to different shares. In the event of a conflict between a blank form of proxy and a form of proxy which states the number of shares to which it applies, the specific form of proxy shall be counted first, regardless of whether it was sent or received before or after the blank form of proxy and any remaining shares in respect of which you are the registered holder will be apportioned to the blank form of proxy. If you submit more than one valid proxy appointment, the appointment received last before the latest time for the receipt of proxies will take precedence

To appoint more than one proxy, additional forms of proxy may be obtained by contacting the registrar's helpline on 0371 664 0300. Calls are charged at the standard geographical rate and will vary by provider. If you are calling from outside the United Kingdom please call +44 371 664 0300. Calls outside the United Kingdom will be charged at the applicable international rate. The lines are open from 9.00 a.m. to 5.30 p.m., Monday to Friday excluding public holidays in England and Wales. Alternatively, email shareholderenquiries@cm.mpms.mufg com or you may photocopy this form. Please indicate in the appropriate box the number of shares in relation to which the proxy is authorised to act. Please also indicate, by ticking the box provided, if the proxy instruction is one of multiple instructions being given. The aggregate number of shares in respect of which you have appointed proxies should not exceed the number of shares held by you.

• The 'vote withheld' option is to enable you to abstain on any particular resolution. However, it should be noted that a 'vote withheld' is not a vote in law and will not be counted in the calculation of the proportion of votes 'for' and 'against' the resolution. If no voting indication is given, your proxy will vote, or abstain from voting, as they think fit.
• To be valid, this form of proxy must be deposited, so as to be received no later than 11.30 a.m. on 14 July 2025, with the Company's registrar, MUFG Corporate Markets, by post to MUFG Corporate Markets, PXS 1, Central Square, 29 Wellington Street, Leeds LS1 4DL or by hand during normal business hours to MUFG Corporate Markets, Central Square, 29 Wellington Street, Leeds LS1 4DL. Alternatively, you can appoint a proxy online at www.signalshares.com using your investor code which can be found on your share certificate, via the VOTE+ app or, if your shares are held in CREST, via the CREST Proxy Voting Service. Fuller details of the CREST Proxy Voting Service are contained in note 5 to the notice of the annual general meeting contained in the circular to shareholders accompanying this form of proxy. For institutional investors, details on the Proxymity platform can be found at www.proxymity.io.
• Corporations must execute this form under their common seal or as a deed or under the hand of a duly authorised officer, attorney or other person authorised to sign.
• In the case of joint holders, only one need sign and the vote of the senior who tenders a vote, whether in person or by proxy or (in the case of a corporation) by authorised representative. shall be accepted to the exclusion of the votes of the other joint holders and for this purpose seniority shall be determined by the order in which the names stand in the register of members in respect of the joint holding.
• The return of a completed form of proxy will not preclude you from attending in person and voting at the meeting. If you have appointed a proxy and attend the meeting in person, your proxy appointment will automatically be terminated.
• Pursuant to regulation 41 of the Uncertificated Securities Regulations 2001, the Company specifies that only those holders of ordinary shares entered on the register of members of the Company as at the close of business on 14 July 2025 or, in the event that the meeting is adjourned, on the register of members 48 hours before the time of any adjourned meeting(s), shall be entitled to attend and/or vote in respect of the number of ordinary shares registered in their names at that time. Changes to the entries on the register of members after the close of business on 14 July 2025 or, in the event that the meeting is adjourned, on the register of members 48 hours before the time of any adjourned meeting(s), shall be disregarded in determining the rights of any person to attend or vote at the meeting(s), notwithstanding any provisions in any enactment, the articles of association of the Company or any instrument to the contrary.
• Fuller details of the above resolutions are contained in the notice of the annual general 9. meeting and in the circular to shareholders accompanying this form of proxy.
• 1. You may not use any electronic address provided in this form of proxy to communicate with the Company for any purposes other than those expressly stated.

Address: 6 Park Place, St James's, London SW1A 1LR

Business Reply Plus Licence Number RUCA-ESGL-RSXY

PXS 1 MUFG Corporate Markets Central Square 29 Wellington Street LEEDS 151 4DI