GRESHAM HOUSE ENERGY STORAGE FUND PLC

AGM Information • May 30, 2023

National Storage Mechanism | Additional information

RNS Number : 0745B

Gresham House Energy Storage Fund

30 May 2023

30 May 2023

GRESHAM HOUSE ENERGY STORAGE FUND PLC

(GRID, the "Company")

Result of 2023 Annual General Meeting

Gresham House Energy Storage Fund PLC (LSE: GRID) announces that at the Company's 2023 Annual General Meeting held today, all resolutions were passed on poll and the results of the poll, including the proxy votes received, are set out below.

Resolutions 1 to 11 (inclusive) were proposed as ordinary resolutions and resolutions 12 to 17 (inclusive) were proposed as special resolutions.

	Resolution	Votes For*	%	Votes Against	%	Total votes validly cast	Total votes cast as % of issued share capital	Vote Withheld **
1	Receive annual accounts for period ended 31 December 2022	313,600,794	99.99	42,541	0.01	313,643,335	57.94	16,298
2	Approve directors' remuneration report	313,535,990	99.98	72,491	0.02	313,608,481	57.94	51,152
3	Approve the Company's dividend policy	313,600,794	99.99	42,541	0.01	313,643,335	57.94	16,298
4	Re-elect John Leggate as a director	313,570,326	99.98	58,358	0.02	313,628,684	57.94	30,949
5	Re-elect Duncan Neale as a director	313,570,326	99.98	58,358	0.02	313,628,684	57.94	30,949
6	Re-elect Cathy Pitt as a director	313,561,165	99.98	72,820	0.02	313,633,985	57.94	25,648
7	Re-elect David Stevenson as director	313,555,326	99.98	58,358	0.02	313,613,684	57.94	45,949
8	Re-elect Isabel Liu as director	313,546,541	99.97	87,444	0.03	313,633,985	57.94	25,648
9	To re-appoint BDO LLP as the Company's auditor	313,545,097	99.97	97,937	0.03	313,643,034	57.94	16,599
10	To authorise the board of directors to determine the auditors remuneration	313,600,493	99.99	42,541	0.01	313,643,034	57.94	16,599
11	To continue as an investment trust for a further 5 years	313,600,794	99.99	42,541	0.01	313,643,335	57.94	16,298
12	To authorise the Company to allot ordinary shares	313,466,751	99.96	111,893	0.04	313,578,644	57.93	80,989
13	To authorise the Company to allot ordinary shares	313,466,751	99.96	111,893	0.04	313,578,644	57.93	80,989
14	To authorise the disapplication of statutory pre-emption in relation the ordinary shares authorised in resolution 12.	313,434,928	99.95	143,716	0.05	313,578,644	57.93	80,989
15	To authorise the disapplication of statutory pre-emption in relation the ordinary shares authorised in resolution 13.	304,388,834	97.07	9,189,810	2.93	313,578,644	57.93	80,989
16	To authorise the Company to make market purchases of its own shares	313,534,734	99.97	91,075	0.03	313,625,809	57.94	33,824
17	To permit general meetings to be called on 14 days' notice	312,091,675	99.51	1,531,963	0.49	313,623,638	57.94	35,995

* Includes discretionary votes

** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

For further information, please contact:

Gresham House New Energy Ben Guest	+44 (0) 20 3837 6270
Jefferies International Limited Stuart Klein Gaudi le Roux Harry Randall	+44 (0) 20 7029 8000
KL Communications Charles Gorman Charlotte Francis	+44 (0) 20 3995 6673
JTC (UK) Limited as Company Secretary David Rice	+44 (0) 207 409 0181

Notes:

Every shareholder has one vote for every Ordinary Share held. As at close of business on 25 May 2023, the share capital of the Company consisted of 541,290,353 Ordinary Shares with voting rights. The Company does not hold any shares in Treasury.

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

About the Company and the Manager:

Gresham House Energy Storage Fund plc seeks to provide investors with an attractive and sustainable dividend over the long term by investing in a diversified portfolio of utility-scale battery energy storage systems (known as BESS) located in Great Britain and the Overseas Jurisdictions. In addition, the Company seeks to provide investors with the prospect of capital growth through the re-investment of net cash generated in excess of the target dividend in accordance with the Company's investment policy.

Gresham House Asset Management Limited is the FCA authorised operating business of Gresham House plc, a London Stock Exchange quoted specialist alternative asset manager. Gresham House is committed to operating responsibly and sustainably, taking the long view in delivering sustainable investment solutions.

www.greshamhouse.com

Definition of utility-scale battery energy storage systems (BESS):

Utility-scale battery energy storage systems (BESS) are the enabling infrastructure that will support the continued growth of renewable energy sources such as wind and solar, essential to the UK's stated target to reduce carbon emissions. They store excess energy generated by renewable energy sources and then release that stored energy back into the grid during peak hours when there is increased demand.

LEI number: 213800MSJXKH25C23D82

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