CRYSTAL AMBER FUND LIMITED

AGM Information • Mar 7, 2022

National Storage Mechanism | Additional information

RNS Number : 9085D

Crystal Amber Fund Limited

07 March 2022

7 March 2022

Crystal Amber Fund Limited

(the "Company" or the "Fund")

Result of Extraordinary General Meeting

The Company announces that at its Extraordinary General Meeting held earlier today, both ordinary resolutions set out in the Notice of EGM dated 15 February 2022 were duly passed.

The breakdown of proxy voting percentages for both resolutions (on a total votes cast basis) are as follows:

	Total Votes For	Total % For	Total Votes Against	Total % Against	Total Votes Withheld*
Resolution 1	48,677,512	69.08%	21,792,788	30.92%	0
Resolution 2	48,668,709	69.07%	21,796,932	30.93%	4,659

*Votes withheld are not included as a vote withheld is not a vote in Law and is therefore not counted towards the proportion of votes 'for' or 'against' a Resolution.

Accordingly, the Company will now pursue the Future Strategy (Resolution 1), as set out in the circular sent to shareholders on 15 February 2022, and the New IMA will be adopted in accordance with its terms (Resolution 2).

The Board notes the significant votes against the Resolutions, which predominately comprised the votes from Saba Capital Management L.P. ("Saba"). Last week, Saba advised that it was prepared to amend its voting on the Resolutions on certain conditions. The directors and their advisers considered these conditions which would have necessitated changes to the incentive arrangements for the Investment Manager and concluded that if adopted, they could introduce unsatisfactory conflicts of interests and would not have been in the best interests of all shareholders. As the Resolutions have been duly passed, the directors do not intend to take any further action in respect of such votes against.

Defined terms used in this announcement shall have the same meaning as in the circular posted to shareholders on 15 February 2022 unless otherwise defined herein.

For further enquiries please contact: Crystal Amber Fund Limited Chris Waldron (Chairman) Tel: 01481 742 742 Allenby Capital Limited - Nominated Adviser David Worlidge/Liz Kirchner Tel: 020 3328 5656 Winterflood Securities - Broker Joe Winkley/Neil Langford Tel: 020 3100 0160 Crystal Amber Advisers (UK) LLP - Investment Adviser Richard Bernstein Tel: 020 7478 9080

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