City of London Investment Trust PLC

AGM Information • Jun 18, 2021

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title: min-agm
author: Lisa Rollins
date: 2021-06-18 11:58:00+00:00

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Registered Number: 00034871

The Companies Act 2006

Company Limited by Shares

RESOLUTIONS

of

THE CITY OF LONDON INVESTMENT TRUST PLC

Passed on 18 June 2021

At the General Meeting of The City of London Investment Trust plc, duly convened and held on 18 June 2021, the following resolutions were duly passed:

ORDINARY RESOLUTION

1 THAT, in substitution for all existing authorities, the Directors of the Company be and they are hereby generally and unconditionally authorised pursuant to and in accordance with Section 551 of the Companies Act 2006 (the “Act”) to exercise all the powers of the Company to allot ordinary shares of 25 pence each in the capital of the Company (“Ordinary Shares”) and to grant rights to subscribe for, or to convert any security into, Ordinary Shares up to an aggregate nominal amount of £11,140,621 (equivalent to 10 per cent. of the issued ordinary share capital at the date of passing of this resolution), provided that this authority shall expire at the conclusion of the annual general meeting of the Company to be held in 2021, unless renewed at a general meeting prior to such time, save that the Directors may before such expiry make an offer or enter into an agreement which would or might require Ordinary Shares to be allotted or rights to be granted after such expiry and the Directors may allot Ordinary Shares and grant rights in pursuance of such an offer or agreement as if the authority conferred hereby had not expired.

SPECIAL RESOLUTION

2 THAT, subject to the passing of Resolution 1, in substitution for all existing authorities, the Directors be and they are hereby empowered pursuant to Sections 570 and 573 of the Act to allot Ordinary Shares for cash pursuant to the authority conferred by Resolution 1 and to sell Ordinary Shares from treasury for cash as if Section 561(1) of the Act did not apply to any such allotment or sale, provided that this authority shall be limited to the allotment or sale of Ordinary Shares:

up to an aggregate nominal amount of £11,140,621 (equivalent to 10 per cent. of the issued ordinary share capital at the date of passing of this resolution); and

at a price not less than the net asset value per share;

and shall expire at the conclusion of the annual general meeting of the Company to be held in 2021, unless renewed at a general meeting prior to such time, save that the Directors may before such expiry make an offer or enter into an agreement which would or might require Ordinary Shares to be allotted or sold from treasury after such expiry and the Directors may allot Ordinary Shares or sell Ordinary Shares from treasury in pursuance of such an offer or agreement as if the authority conferred hereby had not expired.