INVESCO SELECT TRUST PLC — Proxy Solicitation & Information Statement 2026

Jan 21, 2026

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THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the action you should take, you are recommended to seek your own independent financial advice from your stockbroker, solicitor, accountant, bank manager or other independent financial adviser authorised under the Financial Services and Markets Act 2000 if you are in the United Kingdom or, if not, from another appropriately authorised financial adviser.

If you have sold, transferred or otherwise disposed of all your ordinary shares in Invesco Global Equity Income Trust plc, please pass this document to the stockbroker, bank or other agent through whom you made the sale, transfer or disposal for transmission to the purchaser or transferee, except that this document should not be sent to any jurisdiction under any circumstances where to do so might constitute a violation of local securities laws and regulations. If you have sold, transferred or otherwise disposed of only part of your holding of Shares, you should retain this document and consult the stockbroker, bank or other agent through whom you made the sale, transfer or disposal.

The distribution of this document, together with the accompanying Form of Proxy, into jurisdictions other than the United Kingdom may be restricted by law. Persons into whose possession this document comes should inform themselves about and observe any such restrictions. Any failure to comply with any such restrictions may constitute a violation of the securities laws of any such jurisdiction.

INVESCO GLOBAL EQUITY INCOME TRUST PLC

(Incorporated and registered in England & Wales with registered number 05916642 and registered as an investment company under section 833 of the Companies Act 2006)

Recommended proposals to issue New Shares pursuant to a scheme of reconstruction of Franklin Global Trust plc under section 110 of the Insolvency Act 1986 and to renew the Company's general authorities to issue and buy back Shares

and

Notice of General Meeting

The proposals described in this document are conditional on Shareholder approval at a general meeting of the Company. Your attention is drawn to the letter from the Chair of the Company set out in Part 1 of this document, which, together with Part 2 of this document, contains details of the Proposals and the Board recommendation that Shareholders vote in favour of the Resolutions to be proposed at the General Meeting referred to below. Shareholders should read this document as a whole before deciding what action to take.

Notice of the General Meeting to be held at 11:00 a.m. on 18 February 2026 at the offices of Invesco Asset Management Limited, 60 London Wall, London, EC2M 5TQ is set out at the end of this document.

Shareholders are strongly encouraged to vote in favour of the Resolutions set out in that notice by using the enclosed Form of Proxy or by voting online. Those who do not hold their Shares directly (including those who have invested through investor platforms) are encouraged to instruct their nominee to vote on their behalf in good time to ensure that their votes, which are important to the Company, are received and taken into account. Please note that investor platforms may have specific instructions on how to vote and may have earlier deadlines than the time and date for receipt of Forms of Proxy set out below.

To be valid, the Form of Proxy accompanying this document must be completed and returned, in accordance with the instructions printed on it, so as to be received by the Company's Registrar, MUFG Corporate Markets, at PXS 1, Central Square, 29 Wellington Street, Leeds LS1 4DL or lodged via the Investor Centre app or at https://uk.investorcentre.mpms.mufg.comas soon as possible, but in any event by not later than 11:00 a.m. on 16 February 2026.

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If you hold your Shares in uncertificated form (i.e. in CREST) you may appoint a proxy for the General Meeting by completing and transmitting a CREST Proxy Instruction in accordance with the procedures set out in the CREST Manual issued by Euroclear UK & International Limited so that it is received by the Registrar (under CREST Participation ID RA10) as soon as possible, but in any event by not later than 11:00 a.m. on 16 February 2026. For this purpose, the time of the receipt will be taken to be the time (as determined by the timestamp applied to the message by the CREST Applications Host) from which the Company's agent is able to retrieve the message by enquiry to CREST in the manner prescribed by CREST. If you are an institutional investor, you may also be able to appoint a proxy electronically via the Proxymity platform, a process which has been agreed by the Company and approved by the registrar. For further information regarding Proxymity, please go to www.proxymity.io.Your attention is drawn to the section titled 'Action to be taken' on page 13, which includes more detailed instructions on how to vote via proxy.

Cavendish Capital Markets Limited (Cavendish), which is authorised in the United Kingdom by the Financial Conduct Authority, is acting exclusively for the Company and for no-one else in connection with the Merger and the Proposals, will not regard any other person as its client in relation to the Merger or the Proposals and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Merger and the Proposals, or any of the other matters referred to in this document. This does not exclude any responsibilities or liabilities of Cavendish under the Financial Services and Markets Act 2000, as amended, or the regulatory regime established thereunder.

The definitions of capitalised terms used in this document are set out in Part 3 of this document.

Circular dated 21 January 2026

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CONTENTS

		Page
	EXPECTED TIMETABLE	3
	PART 1 – LETTER FROM THE CHAIR	4
	PART 2 – DETAILS OF THE MERGER AND MATTERS FOR SHAREHOLDER APPROVAL	6
1	The Merger	6
2	Approvals being sought from Shareholders and the General Meeting	11
3	Action to be taken by Shareholders	13
4	Risk factors relating to the Proposals	13
5	Further information	14
6	Recommendation by the IGET Board	14
	PART 3 – DEFINITIONS	15
	NOTICE OF A GENERAL MEETING	19

EXPECTED TIMETABLE

	2026
Latest time and date for receipt of proxy votes (cast using theForm of Proxy, electronically or otherwise) for the GeneralMeeting (note: investor platforms may have earlier deadlines)	11:00 a.m. on 16 February
General Meeting	11:00 a.m. on 18 February
Announcement of results of the General Meeting	18 February
Calculation Date for value attributable under the Scheme	5.00 p.m. on 20 February
Announcement of the results of the Scheme, including thenumber of New Shares to be issued	27 February
Effective Date for implementation of the Scheme	27 February
Dealings commence in the New Shares	on or soon after 8.00 a.m.on 2 March

Note: All references to time in this document are to UK time. Each of the times and dates in the above expected timetable (other than in relation to the receipt of proxy votes and General Meeting) may be extended or brought forward. If any of the above times and/or dates change, the revised time(s) and/or date(s) will be notified to Shareholders through an RIS announcement.

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PART 1 – LETTER FROM THE CHAIR

INVESCO GLOBAL EQUITY INCOME TRUST PLC

(incorporated in England and Wales with registered no. 05916642 and registered as an investment company under section 833 of the Companies Act 2006)

Directors Registered Office

Sue Inglis (Chair) Perpetual Park Mark Dampier Perpetual Park Drive Helen Galbraith Henley On Thames Timothy Woodhead Oxfordshire RG9 1HH

21 January 2026

Dear Shareholder

Recommended proposals to issue New Shares pursuant to a scheme of reconstruction of Franklin Global Trust plc (FRGT) and to renew IGET's general Share issuance and buy‑back authorities

The Company announced on 13 November 2025 that your Board had agreed heads of terms with the FRGT Board for a merger of the assets of the two companies. IGET will be the continuing company following the Merger. The proposed Merger follows a thorough review of FRGT's investment management arrangements by the FRGT Board at the end of which the FRGT Board concluded that, among the options considered, IGET's Merger proposal represents the most compelling outcome for FRGT Shareholders.

Under the terms of the Merger, FRGT Shareholders will have the option of rolling over their investment in FRGT into IGET, receiving cash or a combination of the two. IGET will issue New Shares to FRGT Shareholders electing for the Rollover Option, and IGET will receive, in exchange, assets from FRGT to the same value.

We are writing to seek your approval for the issue of New Shares pursuant to the Merger. Subject to that approval, we are also seeking your approval to renew the Company's general authorities to issue and buy back Shares which will reflect IGET's significantly increased size following the issue of the New Shares.

Benefits of the Merger

As noted in my statement in the 2025 annual report, your Board recognises the benefits of increased scale to the Company and Shareholders and has been looking for corporate opportunities to grow the Company. The Merger allows the Company to increase significantly in size, with net assets of around £465 million (compared to approximately £290 million at the Latest Practicable Date) (depending on cash elections by FRGT Shareholders) and bring in an attractive and long-term base of new investors.

Your Board believes this will benefit Shareholders as follows:

• With greater scale, the Enlarged Company is expected to appeal to a broader range of investors, which should create additional demand for its Shares, and result in higher trading volumes and market liquidity, compared to IGET historically.
• Shareholders will also benefit from the increase in IGET's size through a reduction in the blended rate of the investment management fee payable to Invesco and by spreading its fixed costs over a larger asset base, resulting in a lower ongoing charges ratio.
• FRGT Shareholders who do not wish to be invested in IGET are able to realise their investment in FRGT by electing for the Cash Option, which your Board believes will reduce the risk of a stock overhang in the Shares, and resultant potential downward pressure on the Share price, as a consequence of the Merger.

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Invesco has agreed to make a significant contribution towards the costs of the Merger equivalent to twelve months' management fee on the value of the assets to be transferred from FRGT to the Company. This should benefit Existing Shareholders as it is expected to cover or exceed the Company's costs of implementing the Merger. FRGT will bear its own costs.

Your Board considers the Merger to be an exciting opportunity for the Company to grow in a low-risk manner. The investment mandates of the Company and FRGT are similar, with both companies offering a well-diversified portfolio of global equities with a high conviction investment approach and can be a core holding in an investment portfolio. After the Merger is completed, the Enlarged Company will continue to operate with the same investment mandate, investment management arrangements and operational procedures currently in place for IGET. Specifically, the Enlarged Company will continue with IGET's distinct and multi-award-winning investment strategy under the management of Stephen Anness and Joe Dowling at Invesco, with the assets transferred from FRGT being invested in accordance with that strategy.

Implementing the Proposals

The Merger is conditional on, amongst other things, Shareholders approving the issue of the New Shares. We are also seeking Shareholder approval to renew the Company's Share issuance and buyback authorities, last renewed at the 2025 AGM, to reflect the considerably larger issued share capital of the Enlarged Company following completion of the Merger.

The purpose of this document is to explain the Proposals, including the benefits and impacts of the Proposals, and to convene a general meeting of the Company at 11:00 a.m. on 18 February 2026 to approve certain Shareholder resolutions. FRGT also needs to obtain the approval of its shareholders for the Merger to proceed, which it is doing simultaneously.

Action to be taken

We value the views of all Shareholders, regardless of the size of their shareholding, and encourage all Shareholders to vote on the Resolutions to be proposed at the General Meeting. If your Shares are not held directly, we encourage you to arrange for your nominee to vote on your behalf. Your attention is drawn to the section titled 'Action to be taken' on page 13 of this document, which explains how to vote on the Resolutions in advance of the General Meeting to ensure that your votes are counted.

Recommendation

Your Board believes that the Proposals are in the best interests of Shareholders as a whole and, accordingly, we recommend that Shareholders VOTE IN FAVOUR of all Resolutions to be proposed at the General Meeting, as the Directors intend to do in respect of their own beneficial holdings of Shares.

Yours faithfully

Sue Inglis Chair

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PART 2 – DETAILS OF THE MERGER AND MATTERS FOR SHAREHOLDER APPROVAL

1 The Merger

1.1 Background

The Board recognises the benefits of increased scale to the Company and Shareholders and has been looking for corporate opportunities to grow the Company. The Merger follows a thorough review of FRGT's investment management arrangements by the FRGT Board, which involved proposals being sought from a number of parties. The Company submitted a proposal to FRGT, recognising that a merger would benefit the shareholders of both companies. Both companies have similar investment mandates, can be a core holding in an investment portfolio and can appeal to similar types of investors (mainly individuals investing through investor platforms and wealth managers), and in the Board's view would benefit from being larger. The following table provides an overview of the two companies.

	IGET	FRGT
Net assets	£291m	£177m
Gearing	0%	0%
NAV total return:
1/3/5/10 years	13.3%/54.4%/99.9%/250.8%	-3.8%/16.1%/5.6%/150.2%
Share price total return:
1/3/5/10 years	28.0%/76.1%/113.0%/255.9%	-3.9%/16.0%/3.0%/145.8%
Premium (+)/discount (-)	+1.95%	-1.73%
(1-year average)	(+0.8%)	(-2.1%)
Dividend yield	3.6%	1.2%
Ongoing charges ratio	0.78%	0.59%

Source: LSEG (IGET), Morningstar (FRGT). Data as at 16 January 2026.1

After detailed negotiations, the Board and the FRGT Board announced on 13 November 2025 that they had agreed heads of terms for the merger of assets of FRGT with the Company by means of the Scheme and associated issue of New Shares, with IGET as the continuing company, together with an opportunity for FRGT Shareholders to realise their investment in FRGT for cash.

1.2 Benefits of the Merger

The Board considers that the Merger will result in the following benefits to both the Company and Shareholders, including FRGT Shareholders who receive New Shares under the Scheme:

• Broader investor appeal: It is expected that the Merger will deliver a significant increase in the size of the Company, with net assets of around £465 million (compared to approximately £290 million as at the Latest Practicable Date), depending on cash elections by FRGT Shareholders. With greater scale, the Enlarged Company is expected to appeal to a broader range of investors.
• Improved liquidity: The increased size of the Company should result in higher trading volumes and market liquidity in the Shares compared to historically.
• Reduced costs: The Enlarged Company will benefit from a reduction in its ongoing charges ratio through a reduction in the blended rate of the investment management fee payable to Invesco and spreading fixed costs over a larger asset base.
• Cost contribution: Shareholders should be largely insulated from the costs of the Merger because of the Invesco Cost Contribution (as described in paragraph 1.4 below), which is expected to cover or exceed the Company's costs in putting forward and completing the Merger.
• Continuation of IGET's distinct and multi-award-winning investment strategy: The Enlarged Company will continue to apply IGET's distinct and multi-award-winning investment strategy, with the assets transferred from FRGT being invested in accordance with that strategy. The Invesco investment strategy is proven to be scalable and, therefore, the significant increase in IGET's scale as a result of the Merger is not expected to compromise its ability to continue to deliver strong performance over the long-term.

1Data in respect of gearing and ongoing charge ratio has been sourced from the respective companies' latest factsheet, each as at 31 December 2025.

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FRGT Shareholders who do not wish to be invested in IGET are able to realise their investment in FRGT by electing for the Cash Option, which the Board believes will reduce the risk of a stock overhang in the Shares, and resultant potential downward pressure on the Share price, as a consequence of the Merger.

1.3 The Enlarged Company

Investment management arrangements

The Enlarged Company will continue to be managed by the Investment Manager, a subsidiary of Invesco Limited – a global asset manager with US$2.17 trillion of assets under management, including US$34.3 billion managed by the Invesco Global Equities team (as at 31 December 2025). The Enlarged Company will also continue to benefit from award-winning Portfolio Managers, Stephen Anness and Joe Dowling, and from the depth of resource and experience offered by Invesco's wider Global Equities team. The Enlarged Company will be managed in accordance with IGET's existing investment objective to provide an attractive level of predictable income and capital appreciation over the long term, predominately through investment in a diversified portfolio of equities worldwide.

IGET's current investment policy and strategy will be maintained following the Merger.

Gearing

The Company currently has a flexible £40 million revolving credit facility in place until 22 April 2026. The Enlarged Company will continue with the existing gearing arrangements, which the Portfolio Managers will continue to use tactically to add more risk to the portfolio when they consider this appropriate with the aim of enhancing the returns to Shareholders.

Dividends

The Enlarged Company intends to maintain IGET's enhanced dividend policy, paying an annual dividend of at least 4% of the unaudited previous year-end NAV, paid quarterly in equal amounts.

Issuance and discount management

The Board will continue, in normal market conditions, to actively use its authority to issue or buy back Shares to manage the volatility of the premium or discount. In particular, it is intended that the buyback authority will be used with the objective of maintaining a discount no wider than mid-single digits on a sustained basis, in normal market conditions.

As a consequence of the Scheme and subject to Shareholder approval, the Company's authority to issue and buy back Shares will be extended in line with the increased share capital of the Company to maintain flexibility to issue and buy back Shares as appropriate.

Continuation votes

The commitment to propose regular continuation votes will not be affected by the Merger. The Board will put forward a vote at this year's annual general meeting for the continuation of the Company and, if that resolution is passed, the Board will continue to put forward a continuation vote at each fifth annual general meeting thereafter.

Proposed appointment to the Board

If the Scheme is implemented, it is intended that Christopher Metcalfe, the current chair of FRGT, will join the Board as a non-executive Director on the Effective Date. Mr Metcalfe is the senior independent non-executive director of JPMorgan US Smaller Companies Investment Trust plc and a non-executive director of CT UK Capital and Income Investment Trust plc and Herald Investment Trust plc. He was previously a non-executive director of abrdn Smaller Companies Income Trust plc. He has extensive global equity fund management and investment trust experience, with a deep understanding of UK investors having previously worked in senior positions at Newton, Schroder Investment Management and Henderson. Christopher was appointed to the FRGT Board on 19 September 2019 and was appointed as Chair of FRGT on 1 June 2023. Mr Metcalfe is independent of the Investment Manager.

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1.4 Details of the Scheme and issue of New Shares

Introduction

The Merger will be implemented by way of a scheme of reconstruction and members' voluntary winding up of FRGT under section 110 of the Insolvency Act 1986 (the Scheme), which the FRGT Board is recommending to FRGT Shareholders. The Scheme involves FRGT being placed into members' voluntary liquidation and FRGT Shareholders receiving New Shares issued by the Company in consideration for the transfer to the Company of assets of FRGT of equivalent value.

Alternatively, FRGT Shareholders may elect to receive cash in respect of some or all of their holdings of FRGT Shares under the terms of the Scheme.

Conditions of the Scheme

The Scheme (and, therefore, the issue of the New Shares) is conditional on:

• the recommendation of the Board and the FRGT Board to proceed with the Scheme, which may be withdrawn at any time (including, without limit, for material adverse change reasons);
• the passing of the Scheme Resolution and such resolution becoming unconditional in all respects;
• the passing of the required FRGT Shareholder resolutions to approve the Scheme and the winding-up of FRGT and the Scheme becoming unconditional in all respects; and
• the London Stock Exchange agreeing to admit the New Shares to trading on its main market for listed securities, subject only to allotment.

Subject to the satisfaction of the conditions referred to above, the Scheme is expected to take effect on 27 February 2026 (the Effective Date). Unless those conditions have been satisfied or, to the extent permitted, waived by both the Company and FRGT on or before 30 April 2026, the Scheme will not become effective and the New Shares will not be issued.

FRGT Shareholder elections under the Scheme

Under the Scheme:

• FRGT Shareholders can elect to receive cash in respect of some or all of their FRGT Shares based on a discount of 2.0% to the FRGT FAV per Share (the Cash Option); and
• the holders of FRGT Shares in respect of which no valid elections are made for the Cash Option will be deemed to have elected to receive New Shares (the Rollover Option).

The Rollover Option is the default option under the Scheme. New Shares will therefore be issued to FRGT Shareholders who do not make valid elections for the Cash Option under the Scheme.

There is no limit on the number of FRGT Shares which may be elected for the Cash Option and all valid elections for the Cash Option will be accepted in full.

The aggregate value of the Cash Option Discount will be primarily for the benefit of FRGT Shareholders who elect for the Rollover Option and will be applied first as an adjustment to the FRGT FAV per Share in calculating the Rollover Pool FAV per Share up to an amount equal to a pro rata allocation of FRGT's Direct Transaction Costs per FRGT Share elected for the Rollover Option. Any balance will be applied for the benefit of all Shareholders of the Enlarged Company following implementation of the Scheme, including Existing Shareholders.

The number of New Shares to be issued to FRGT Shareholders who elect for the Rollover Option will be calculated using an exchange ratio based on the Rollover Pool FAV per Share and the IGET FAV per Share, being the accepted market approach for the merger of the assets of two listed investment companies.

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Division of FRGT's assets

On the Calculation Date (which is expected to be 20 February 2026), or as soon as practicable thereafter, FRGT's assets will be divided into three separate and distinct pools, namely the Liquidation Pool, the Cash Pool and the Rollover Pool, as follows:

• first, there will be appropriated to the Liquidation Pool cash and other assets of FRGT of a value sufficient to meet FRGT's current and future, actual and contingent liabilities, including (but not limited to) any unpaid FRGT Direct Transaction Costs, any dividends declared but not yet paid to FRGT Shareholders and expenses incurred and to be incurred by FRGT in respect of any required portfolio realignment prior to the implementation of the Scheme, and the sales costs (including any commissions, taxes and market charges) associated with the transfer of assets from FRGT to the Company;
• second, there will be appropriated to the Cash Pool cash and other assets of FRGT with a value equal to the Cash Pool FAV; and
• then the balance of all cash and other assets of FRGT (including the benefit of the Cash Option Discount) will be appropriated to the Rollover Pool.

Calculation of the FAVs and final entitlements of FRGT Shareholders

The Scheme will be implemented based on formula asset values (FAVs), which, for the purposes of the Scheme, will be calculated in accordance with IGET's and FRGT's normal accounting policies, as adjusted. The FAVs will be calculated as at the Calculation Date based on the NAVs (cum income with debt at fair value) of the respective companies. All FAVs per share will be expressed in pence and calculated to six decimal places.

The FRGT FAV will be calculated as the value of FRGT's NAV, after an adjustment for the allocation of the assets and liabilities to the Liquidation Pool. The FRGT FAV per Share will be equal to the FRGT FAV divided by the number of FRGT Shares in issue (excluding treasury shares).

The Rollover Pool FAV will be calculated as the FRGT FAV per Share multiplied by the number of FRGT Shares elected for the Rollover Option plus the lower of (i) the pro rata allocation of FRGT's Direct Transaction Costs attributable to FRGT Shares elected for the Rollover Option and (ii) the aggregate value of the Cash Option Discount (this is the benefit of the Cash Option Discount for FRGT Shareholders who elect for the Rollover Option referred to under 'FRGT Shareholder elections under the Scheme' above). The Rollover Pool FAV per Share will be equal to the Rollover Pool FAV divided by the number of FRGT Shares elected for the Rollover Option.

The IGET FAV will be calculated as the value of IGET's NAV (i) less (a) any IGET Direct Transaction Costs not already accrued in IGET's NAV and (b) the value of any dividends declared as at the Calculation Date but not yet paid to Shareholders and not accounted for in IGET's NAV and (ii) the benefit of the Invesco Cost Contribution up to the value of IGET's Direct Transaction Costs as described under 'Costs of the Merger and Invesco Cost Contribution' below. The IGET FAV per Share will be equal to the IGET FAV divided by the number of Shares in issue (excluding any treasury shares).

Each FRGT Shareholder electing for the Rollover Option will receive New Shares based on the ratio of the Rollover Pool FAV per Share to the IGET FAV per Share, multiplied by the number of their FRGT Shares that have been elected for the Rollover Option as follows:

Number of New Shares= $$\frac{A}{B}$$ x C

where:

A is the Rollover Pool FAV per Share;

B is the IGET FAV per Share; and

C is the aggregate number of FRGT Shares elected for the Rollover Option held by the relevant Shareholder.

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Each FRGT Shareholder who elects for the Cash Option will receive an amount in cash equal to their pro rata share, based on the number of FRGT Shares that have been elected for the Cash Option, of the realisation proceeds of the Cash Pool.

Transfer of assets

The Scheme will be implemented in accordance with the terms of the Transfer Agreement, which provides for New Shares to be issued to FRGT Shareholders electing for the Rollover Option in consideration of the transfer of the assets in the Rollover Pool to the Company.

In advance of the Scheme, the FRGT Directors intend that FRGT and/or Franklin Templeton Investment Trust Management Limited (or their agents) will have, to the extent practicable, realised or realigned FRGT's investments in accordance with the Scheme and the elections made by FRGT Shareholders thereunder so that, so far as practicable, FRGT will hold, in addition to assets destined to become the Cash Pool and the Liquidation Pool, investments suitable for transfer to the Company. The assets in the Rollover Pool at the Effective Date will therefore include those aligned with the Company's investment objective and policy.

The Board expects that a proportion of the Rollover Pool will be represented by investments in cash equivalents (low risk, short-term investments that can be easily converted to cash) and exchange traded funds which will be realised as soon as practicable following the Effective Date. The proceeds, together with any cash in the Rollover Pool, will be used to acquire investments in accordance with the Company's investment objective and policy.

The Company will notify Shareholders of the results of the Scheme, including the elections for the Rollover Option, the Rollover Pool FAV per Share, the IGET FAV per Share and the number of New Shares to be issued, through an RIS announcement as soon as reasonably practicable following the Calculation Date and prior to the Effective Date.

The New Shares

The New Shares will be issued to eligible FRGT Shareholders who do not elect the Cash Option under the Scheme. The New Shares are not being offered to Existing Shareholders (save to the extent an Existing Shareholder is also an eligible FRGT Shareholder) or otherwise to the public.

The number of New Shares to be issued under the Scheme is not known at the date of this document as it will be based on the number of FRGT Shares elected for the Rollover Option and the Rollover Pool FAV per Share and IGET FAV per Share as at the Calculation Date.

Fractional entitlements to New Shares will not be issued under the Scheme and entitlements will be rounded down to the nearest whole number of New Shares. No cash payments will be made or returned in respect of any fractional entitlements which will be retained for the benefit of the Company.

The New Shares will rank equally in all respects with the existing issued Shares other than in respect of any dividends which have a record date prior to the Effective Date. It is the intention of the Board to pay a fourth dividend of 3.375 pence per Share (being 1.0% of the NAV per Share as at 31 May 2025) by the end of May 2026, so this dividend is expected to also be paid on the New Shares, subject to the Scheme becoming effective.

An application will be made for the New Shares to be admitted to trading on the London Stock Exchange's main market for listed securities. If the Scheme becomes effective, it is expected that such admission will be effective from 8.00 a.m. on 2 March 2026.

Costs of the Merger and Invesco Cost Contribution

Each of the Company and FRGT will bear its own transaction costs in respect of the Proposals.

Any costs of realignment/realisation of the FRGT portfolio prior to the Scheme becoming effective will be borne by FRGT. FRGT will bear any sales costs (including commissions, taxes and market charges) associated with the transfer of FRGT's portfolio to the Company.

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The Enlarged Company will bear the costs of the fees in relation to the admission of the New Shares to trading and any stamp duty or other transaction taxes or investment costs incurred by IGET in connection with the transfer of the Rollover Pool or realising and/or investing any of the assets transferred.

IGET's Direct Transaction Costs are expected to be up to £462,000, inclusive of VAT (some of the Company's costs are variable based on the number of New Shares issued and this estimate is based on no FRGT Shareholders electing for the Cash Option).

The Investment Manager has agreed to make a significant contribution to the costs of implementing the Merger, equal to 0.5% of the value, as at the Calculation Date, of the assets transferred from FRGT to the Company pursuant to the Scheme (the Invesco Cost Contribution). The Invesco Cost Contribution will be satisfied by way of a temporary (twelve month) waiver of the management fee that would otherwise be payable to Invesco.

The Invesco Cost Contribution will be primarily for the benefit of the Existing Shareholders and will be applied first as an adjustment to the IGET NAV in calculating the IGET FAV in an amount equal to IGET's Direct Transaction Costs, with any balance thereafter applying for the benefit of all Shareholders of the Enlarged Company following implementation of the Scheme, including those FRGT Shareholders who receive New Shares. Shareholders are not expected, therefore, to suffer any NAV dilution from the direct costs of implementing the Merger.

In the event that the management agreement between Invesco and IGET is terminated by the Company (other than for cause) during the three-year period following the Effective Date, the Company will be obliged to repay all or part of the Invesco Cost Contribution, depending on the date of termination and with the repayment obligation reducing by one-third on each anniversary of the Effective Date.

If the Merger does do not proceed on the terms agreed or the required approvals are not obtained, then the Company and FRGT will each bear their own costs. The costs of the Company in such circumstances are estimated to be £210,000, inclusive of VAT.

2 Approvals being sought from Shareholders and the General Meeting

2.1 Approval to issue New Shares (Resolution 1)

At the General Meeting, the Board will seek authority from Shareholders to allot New Shares up to an aggregate nominal amount of £600,000 pursuant to the Scheme. Such number represents 76.80% of the Company's issued share capital (excluding treasury shares) at the Latest Practicable Date and is considered sufficient to satisfy the maximum number of New Shares that could be required to be issued pursuant to the Scheme.

The authority sought by the Scheme Resolution will, if passed, be in addition to any previously granted general authorities to allot Shares and will expire on 30 April 2026. For the avoidance of doubt, the authority being sought pursuant to the Scheme Resolution is only capable of being used in connection with the issue of New Shares and cannot be used for any other purpose.

If the Scheme Resolution is not passed, or any of the other conditions fail to be satisfied, the Scheme will lapse, and no New Shares will be issued.

2.2 Approval to renew general issuance and buy-back authorities (Resolutions 2, 3, 4 and 5)

At the 2025 AGM, Shareholders approved: (i) an ordinary resolution authorising the Directors to allot and issue up to 45,892,700 Shares, being two-thirds of the Company's issued share capital (excluding treasury shares) at the date of notice of the 2025 AGM; (ii) two special resolutions, each authorising the Directors to issue or sell from treasury up to 6,883,900 Shares on a non-pre-emptive basis, being 10% (and, in aggregate, 20%) of the Company's issued share capital (excluding treasury shares) at the date of notice of the 2025 AGM; and (iii) a special resolution authorising the Company to purchase in the market up to 14.99% of the Company's issued share capital (excluding treasury shares) at the date of the 2025 AGM. Since the 2025 AGM, the Company has sold 7,633,000 Shares from treasury and no Shares have been bought back.

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The Board is conscious that, following completion of the Merger, IGET will be considerably larger than it is at present and that, as a result, the general issuance and buy-back authorities taken at the 2025 AGM will become significantly smaller in percentage terms. The general issuance authority has also been used extensively since the 2025 AGM in response to market demand for the Shares.

The Directors are therefore taking the opportunity to seek approval from Shareholders at the General Meeting to refresh its share issuance and buy-back authorities in amounts reflecting the increased issued share capital of the Enlarged Company. Such authorities are conditional on the Scheme Resolution passing and the Scheme becoming unconditional.

The renewed issuance authorities will allow the Directors to issue Shares within the prescribed limits should any favourable opportunities continue to arise to the advantage of Shareholders and will not be exercised at a price below the prevailing NAV per Share, so that the financial interests of existing Shareholders are not diluted.

The renewed buy-back authority will allow the Directors, if the Shares are trading at a discount to their NAV, to buy back Shares in accordance with the Company's discount management policy referred to in paragraph 1.3 above. Shares will only be bought back at a discount to their prevailing NAV, which increases the NAV per Share of the remaining Shares. Shares bought back may be held in treasury and/or cancelled.

2.3 The General Meeting

The Board is convening a general meeting of the Company at which Shareholders will be asked to consider and, if thought fit, pass the resolutions referred to below. The General Meeting will be held at 11:00 a.m. on 18 February 2026 at the offices of Invesco Asset Management Limited, 60 London Wall, London, EC2M 5TQ.

• Resolution 1: That the Directors be authorised to allot the New Shares to FRGT Shareholders in accordance with the terms of the Scheme.
• Resolution 2: That, subject to the Scheme becoming effective and in substitution for all existing authorities apart from that referred to in the Scheme Resolution, the Directors be authorised to allot new Shares up to an aggregate nominal value representing 20% of the enlarged issued share capital of the Company (excluding treasury shares) immediately following the issue of the New Shares.
• Resolutions 3 and 4: In relation to each resolution, that, subject to the passing of Resolutions 1 and 2 and in relation to Resolution 4, subject also to the passing of Resolution 3, and in substitution for all existing authorities, the Directors be authorised to allot, or sell from treasury, on a non pre-emptive basis, Shares up to an aggregate nominal value representing 10% of the enlarged issued share capital of the Company (excluding any treasury shares) immediately following the issue of the New Shares.

In aggregate, these authorities will allow up to 20% of the issued share capital of the Company (excluding any treasury shares) immediately following the issue of the New Shares to be issued on a non-pre-emptive basis. Proposing two resolutions, each for 10%, follows best practice and allows any Shareholder who may not wish to give approval to an aggregate limit higher than that recommended by corporate governance guidelines the ability to approve Resolution 3 for up to 10% and to also consider the Resolution 4 separately for up to a further 10%.

• Resolution 5: That, subject to the passing of Resolution 1 and in substitution for all existing authorities, the Company is authorised to purchase in the market up to 14.99% of the issued share capital of the Company (excluding any treasury shares) immediately following the issue of the New Shares.

Resolutions 1 and 2 will be proposed as ordinary resolutions and in order to be passed will require more than 50% of the votes cast in person or by proxy to be voted in favour of them.

Resolutions 3, 4 and 5 will be proposed as special resolutions and in order to be passed will require at least 75% of the votes cast in person and by proxy to be voted in favour of them.

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All Shareholders are entitled to attend and vote at the General Meeting. The vote shall be taken on a poll. In accordance with the Company's Articles of Association, on a poll all Shareholders entitled to vote and be present at the General Meeting in person or by proxy shall have one vote in respect of each Share held.

3 Action to be taken by Shareholders

The Board recommend that Shareholders exercise their votes by means of registering them with the Company's registrar, MUFG Corporate Markets, ahead of the General Meeting and appointing the Chair of the Meeting as their proxy with their voting instructions by one of the following means:

• For shareholders holding their Shares through investor platforms, by contacting their platform in order to register their votes. If their platform is one of those which does not offer the facility to vote via its website or app, Shareholders will need to contact the platform directly by phone or its messaging system giving their instructions to vote.
• For shareholders on the main register (including those who hold their Shares in certificated form), either (i) electronically via the Investor Centre app (a free app for smartphones and tablets provided by the Registrar – the QR coder for the app can be found on page 23) or web browser at https://uk.investorcentre.mpms.mufg.com/ and following the instructions or (ii) by completing and signing the enclosed Form of Proxy in accordance with the instructions printed on it and returning it by post, courier or hand.
• For CREST members, by using the CREST electronic proxy appointment service in accordance with the procedures set out in the CREST Manual.
• • Institutional investors may be able to appoint a proxy electronically via the Proxymity platform, a process which has been agreed by the Company and approved by the Registrar. For further information regarding Proxymity, please go to www.proxymity.io.

Further details and instructions regarding the appointment of a proxy are set out in the 'Notes' to the notice of the General Meeting on pages 22 and 23 of this document.

To be valid, the relevant proxy appointment should be completed in accordance with the instructions accompanying it and lodged with the Registrar by the relevant time.

In the case of Shareholders on the main register, CREST members and investors voting via the Proxymity platform, their proxy votes must be received by the Registrar or Proximity as soon as possible and, in any event, no later than 11:00 a.m. on 16 February 2026. Shareholders holding their Shares through investor platforms should be aware that the deadlines for voting through platforms may be earlier than the Company's proxy voting deadline.

Completion and return of a Form of Proxy will not prevent a Shareholder from attending and voting in person at the General Meeting should they wish to do so.

4 Risk factors relating to the Proposals

Shareholders should have regard to the following when deciding how to cast their votes at the General Meeting:

• Implementation of the Scheme is conditional, amongst other things, on the passing of the Scheme Resolution and FRGT Shareholders approving the Scheme. If any condition of the Scheme is not met or, where applicable, waived, the Scheme will not be implemented and certain costs and expenses incurred in connection with the Scheme will be borne by the Company. In the event that the Scheme is not implemented, the costs of the Proposals to be borne by the Company are expected to be approximately £210,000, inclusive of VAT, representing 0.07% of NAV at the Latest Practicable Date.
• If the Scheme does not proceed, the Company and FRGT will remain as separate companies and, therefore, Shareholders would not realise any of the benefits associated with the Merger referred to in this document.

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• If the Merger does proceed, existing Shareholders will experience some dilution to the percentage of the issued share capital (voting rights) that their current holding represents based on the actual number of New Shares issued. There will not be any material impact to the NAV per Share attributable to the Existing Shareholders as a result of the Merger becoming effective, nor to the dividend paying capacity of the Company.

5 Further information

Cavendish has given and not withdrawn its written consent to the inclusion in this document of references to its name in the form and context in which they appear.

6 Recommendation by the IGET Board

The Board, which has received financial advice from Cavendish, considers the Proposals to be in the best of interests of Shareholders as a whole. In giving its advice, Cavendish has taken into account the Board's commercial assessment of the Merger and the Proposals.

Accordingly, the Board unanimously recommends that Shareholders vote in favour of the Resolutions.

The Directors intend to vote in favour of the Resolutions in respect of their own beneficial holdings of Shares, amounting to 114,755 Shares (representing approximately 0.147% of the issued share capital of the Company (excluding treasury shares) as at the Latest Practicable Date).

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PART 3 – DEFINITIONS

The following definitions apply throughout this document unless the context otherwise requires:

2025 AGM the annual general meeting of the Company held on

21 October 2025

Board the board of directors of the Company

Calculation Date the time and date (expected to be 5.00 p.m. on

20 February 2026) at which FRGT's assets and liabilities will be determined for the creation of the Liquidation Pool, the Cash Pool and the Rollover Pool and the various FAVs

will be calculated for the purposes of the Scheme

Cash Option the option for FRGT Shareholders to receive cash under

the terms of the Scheme, as described in paragraph 1.4 of

Part 2 of this document

Cash Option Discount the discount of 2.0% to the FRGT FAV per Share

Cash Pool the pool of assets attributable to the FRGT Shares elected

for the Cash Option under the Scheme

Cash Pool FAV the Cash Pool FAV per Share multiplied by the total number

of FRGT Shares elected for the Cash Option under the

Scheme

Cash Pool FAV per Share the FRGT FAV per Share less the Cash Option Discount,

and rounded down to six decimal places

Company or IGET Invesco Global Equity Income Trust plc

CREST the computerised settlement system operated by Euroclear

UK and International Limited which facilitates the transfer

of title to shares in uncertificated form

CREST Manual the compendium of documents entitled "CREST Manual"

issued by Euroclear UK and International Limited from

time to time

Direct Transaction Costs any reasonable costs, fees or other expenses properly

incurred by IGET or FRGT, as appropriate, in paying advisers or service providers (including any termination of agreement costs), including but not limited to legal advisers, corporate finance, broking or financial advisers, accountants, tax advisers, debt advisers, company secretaries, registrars, receiving agents, administrators, printers, PR agencies, liquidators or (in the case of FRGT only) any London Stock Exchange delisting fees, in connection with the implementation of the Merger, including any VAT payable thereon and any disbursements (for the avoidance of doubt, (i) where any Direct Transaction Cost has been paid prior to the Calculation Date or accrued for in the NAV which forms the basis of the IGET FAV or FRGT FAV, as appropriate, the relevant amount shall be added back to the relevant FAV, (ii) the fees in relation to the admission of the New Shares to trading on the London Stock Exchange's main market and any stamp duty or other transaction taxes or investment costs incurred by IGET in connection with the transfer of the Rollover Pool

or realising and/or investing any of the assets transferred

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will not be treated as part of IGET's Direct Transaction Costs and (iii) any sales costs (including commissions, taxes (including stamp duty where applicable) and market charges) associated with the transfer of assets from FRGT to the Company will not be treated as part of FRGT's Direct Transaction Costs)

Directors the directors of the Company

Effective Date the date on which the Scheme becomes effective, which is

expected to be 27 February 2026

Enlarged Company the Company following completion of the Merger

Existing Shareholders holders of Shares prior to the Merger

FAV formula asset value

Form of Proxy the form of proxy for use by Shareholders, which

accompanies this document

FRGT Franklin Global Trust plc

FRGT Board the board of directors of FRGT

FRGT FAV the FAV of FRGT for the purposes of the Scheme, which

will be calculated as described under 'Calculation of the FAVs and final entitlements of FRGT Shareholders' in

paragraph 1.4 of Part 2 of this document

FRGT FAV per Share the FRGT FAV divided by the number of FRGT Shares in

issue (excluding treasury shares) at the Calculation Date (expressed in pence) and rounded down to six decimal

places

FRGT Shares the ordinary shares of 5 pence each of FRGT

FRGT Shareholders the holders of FRGT Shares

General Meeting the general meeting of the Company convened for

11:00 a.m. on 18 February 2026 (or any adjournment thereof), notice of which is set out at the end of this

document

IGET FAV the FAV of IGET for the purposes of the Scheme, which

will be calculated as described under 'Calculation of the FAVs and final entitlements of FRGT Shareholders' in

paragraph 1.4 of Part 2 of this document

IGET FAV per Share the IGET FAV divided by the number of Shares in issue

(excluding treasury shares) at the Calculation Date (expressed in pence) and rounded down to six decimal

places

Invesco Cost Contribution the contribution to costs to be made by Invesco towards

IGET's Direct Transaction Costs as described under 'Costs of the Merger and Invesco Cost Contribution' in

paragraph 1.4 of Part 2 of this document

Investment Manager or Invesco Invesco Fund Managers Limited, the Company's

alternative investment fund manager registered in England

with registered number 00898166

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Latest Practicable Date 16 January 2026, being the latest practicable date prior to

publication of this document

Liquidation Pool the pool of cash and other assets of FRGT to be retained

by the Liquidators in connection with the Scheme to meet

all known and unknown liabilities of FRGT

Liquidators the liquidators of FRGT appointed in connection with the

implementation of the Scheme

London Stock Exchange London Stock Exchange plc

Merger the combination of assets of the Company and FRGT

pursuant to the Scheme and the associated issue of New

Shares to create the Enlarged Company

NAV the gross assets of the Company or FRGT, as appropriate,

less its liabilities (including provision for such liabilities) calculated in accordance with accounting principles adopted by the relevant company (and, in the context of an NAV per share, shall be the NAV of the relevant company divided by the number of its shares in issue, excluding any

treasury shares)

New Shares the Shares to be issued to FRGT Shareholders who elect

for the Rollover Option pursuant to the Scheme

Proposals the proposals for the issue of the New Shares and renewal

of the Company's general authorities to issue and buy

back Shares

Registrar the Company's registrar, MUFG Corporate Markets,

Central Square, 29 Wellington Street, Leeds, United

Kingdom, LS1 4DL

RIS the regulatory information service provided by the London

Stock Exchange

Resolutions the resolutions set out in the notice of the General Meeting

Rollover Option the option whereby holders of FRGT Shares in respect of

which no valid elections are made for the Cash Option will be deemed to have elected to receive New Shares under the Scheme, as described in paragraph 1.4 of Part 2 of

this document

Rollover Pool the pool of cash and other assets to be established under

the Scheme to be transferred to IGET pursuant to the

Transfer Agreement

Rollover Pool FAV the FAV of the Rollover Pool for the purpose of the Scheme,

which will be calculated as described under 'Calculation of the FAVs and final entitlements of FRGT Shareholders' in

paragraph 1.4 of Part 2 of this document

Rollover Pool FAV per Share the Rollover Pool FAV divided by the number of

FRGT Shares elected for the Rollover Option under the Scheme (expressed in pence) and rounded down to six

decimal places

Scheme the proposed scheme of reconstruction and voluntary

winding up of FRGT under section 110 of the Insolvency

Act 1986

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Scheme Resolution the resolution to be proposed at the General Meeting to

approve the issue of the New Shares (being Resolution 1)

Shareholders holders of Shares

Shares the ordinary shares of 1 penny each in the capital of the

Company

Transfer Agreement the agreement between FRGT (acting by its Liquidators),

the Liquidators and the Company for the transfer of assets from FRGT to the Company pursuant to the Scheme

VAT value added tax

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NOTICE OF A GENERAL MEETING

INVESCO GLOBAL EQUITY INCOME TRUST PLC

(Incorporated and registered in England & Wales with registered number 05916642) and registered as an investment company under section 833 of the Companies Act 2006)

NOTICE IS HEREBY GIVEN that a general meeting of Invesco Global Equity Income Trust plc (the Company) will be held at 11:00 a.m. on 18 February 2026 at the offices of Invesco Asset Management at 60 London Wall, London, EC2M 5TQ to consider and, if thought fit, pass the following resolutions:

ORDINARY RESOLUTIONS

• 1. THAT, conditional upon the scheme of reconstruction and winding up of Franklin Global Trust plc (FRGT) (as described in the circular to shareholders of the Company dated 21 January 2026 (the Circular)) (the Scheme) becoming unconditional in all respects in addition to any existing authorities, the directors of the Company (the Directors) be and are hereby generally authorised in accordance with section 551 of the Companies Act 2006 (the Companies Act) to exercise all powers of the Company to allot ordinary shares of 1 penny each in the Company (Ordinary Shares) up to an aggregate nominal amount of £600,000 in the capital of the Company (the New Shares) (being approximately 76.80% of the issued share capital of the Company (excluding any treasury shares) as at 16 January 2026) in connection with the Scheme, provided that this authority shall (unless previously revoked) expire on 30 April 2026.
• 2. THAT, subject to the Scheme becoming effective, in substitution for all existing powers (save for the authority to allot the New Shares pursuant to resolution 1 above) but without prejudice to the exercise of any such authorities prior to the date of issue of the New Shares, the Directors be and are hereby generally authorised, for the purpose of section 551 of the Companies Act to exercise all the powers of the Company to allot relevant securities (as defined in sections 551(3) and (6) of the Companies Act) up to an aggregate nominal amount of £276,400 in the capital of the Company or, if less, the number which equates to 20% of the issued share capital (excluding any treasury shares) immediately following the issue of the New Shares, provided that this authority shall expire on the conclusion of the annual general meeting of the Company to be held in 2026, unless previously revoked, varied or renewed by the Company at a general meeting, save that the Company may, at any time prior to the expiry of such authority, make an offer or enter into an agreement which would or might require relevant securities to be allotted after the expiry of such authority, and the Directors may allot relevant securities in pursuance of such an offer or agreement as if such authority had not expired.

SPECIAL RESOLUTIONS

• 3. THAT, subject to the Scheme becoming effective and subject to passing of resolution 2 above and in substitution for all existing powers, the Directors be and are hereby generally empowered pursuant to section 570 of the Companies Act to allot equity securities (as defined in section 560(1) of the Companies Act) for cash pursuant to the authority under section 551 of the Companies Act conferred by resolution 2 above as if section 561 of the Companies Act did not apply to any such allotment, provided that this power:
  • (i) expires on the conclusion of the annual general meeting of the Company to be held in 2026, but the Company may make an offer or agreement which would or might require equity securities to be allotted after the expiry of this power and the Directors may allot equity securities in pursuance of that offer or agreement as if this power had not expired; and
  • (ii) shall be limited to the allotment of equity securities for cash up to an aggregate nominal amount of £138,820 or, if less, the number representing 10% of the issued share capital of the Company (excluding any treasury shares) immediately following the issue of New Shares.

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This power applies in relation to the sale of shares which is an allotment of equity securities that immediately before the allotment are held by the Company as treasury shares as if in the opening paragraph of this resolution the words "subject to the passing of resolutions 1 and 2 above" were replaced by the words "subject to the passing of resolution 1 above" and the words "pursuant to the authority under section 551 of the Companies Act conferred by resolution 2 above" were omitted.

• 4. THAT, subject to the Scheme becoming effective and subject to the passing of resolutions 2 and 3 above, and only once the authority granted in resolution 3 above has been exhausted, the Directors be and are hereby generally empowered pursuant to section 570 of the Companies Act to allot equity securities (as defined in section 560(1) of the Companies Act) for cash pursuant to the authority under section 551 of the Companies Act conferred by resolution 2 above as if section 561 of the Companies Act did not apply to any such allotment, provided that this power:
  • (i) expires on the conclusion of the annual general meeting of the Company to be held in 2026, but the Company may make an offer or agreement which would or might require equity securities to be allotted after the expiry of this power and the Directors may allot equity securities in pursuance of that offer or agreement as if this power had not expired; and
  • (ii) shall be limited to the allotment of equity securities for cash up to an aggregate nominal amount of £138,200 or, if less, the number representing 10% of the issued share capital of the Company (excluding any treasury shares) immediately following the issue of the New Shares.

This power applies in relation to the sale of shares which is an allotment of equity securities that immediately before the allotment are held by the Company as treasury shares as if in the opening paragraph of this resolution the words "subject to the passing of resolutions 1 and 2 above" were replaced by the words "subject to the passing of resolution 1 above" and the words "pursuant to the authority under section 551 of the Companies Act conferred by resolution 2 above" were omitted.

• 5. THAT, subject to the passing of resolution 1 above, in substitution for all existing authorities, the Company be and is hereby generally and subject as hereinafter appears unconditionally authorised in accordance with section 701 of the Companies Act to make market purchases (within the meaning of section 693(4) of the Companies Act) of fully paid ordinary shares in the capital of the Company, and to cancel or hold in treasury such shares, provided always that:
  • (i) the maximum number of Ordinary Shares hereby authorised to be purchased shall be 14.99% of the Ordinary Shares in issue (excluding any treasury shares) immediately following the issue of the New Shares;
  • (ii) the minimum price which may be paid for an Ordinary Share shall be 1 penny;
  • (iii) the maximum price which may be paid for an Ordinary Share must not be more than the higher of:
• (a) 5% above the average of the mid-market values of the Ordinary Shares for the five business days before the purchase is made; and
• (b) the higher of the price of the last independent trade in the Ordinary Shares and the highest then current independent bid for the Ordinary Shares on the London Stock Exchange;
  • (iv) any purchase of Ordinary Shares will be made in the market for cash at a price below the prevailing net asset value per Ordinary Share (as determined by the Directors); and
  • (v) the Company may make a contract to purchase its Ordinary Shares under the authority hereby conferred prior to the expiry of such authority and may make a purchase of its own Ordinary Shares in pursuance of any such contract;

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and, unless previously varied, revoked or renewed, the authority hereby conferred shall expire at the conclusion of the annual general meeting of the Company to be held in 2026, save that the Company may, at any time prior to such expiry, enter into a contract or contracts to purchase Ordinary Shares under such authority which will or might be completed or executed wholly or partly after the expiration of such authority and may make a purchase of Ordinary Shares pursuant to any such contract or contracts.

By order of the Board of Directors Registered office

Invesco Asset Management Limited Perpetual Park Drive Company Secretary Henley On Thames

Perpetual Park Oxfordshire RG9 1HH

21 January 2026

Notes:

These notes should be read in conjunction with the notes on the Form of Proxy.

• 1. A member entitled to attend and vote at the General Meeting is entitled to appoint one or more proxies to attend and, on a poll, to vote in their stead. Where more than one proxy is appointed, each proxy must be appointed to exercise the rights attached to a different Share or Shares. A proxy need not be a member of the Company. However, if you appoint the Chair of the General Meeting as your proxy, this will ensure that your votes are cast in accordance with your wishes. If any other person is appointed as your proxy, they may not be able to attend the meeting to vote on your behalf. In order to be valid an appointment of proxy must be returned duly completed and executed by one of the following methods:
  • electronically via the Investor Centre app or web browser athttps://uk.investorcentre.mpms.mufg.com/
  • via Proxymity (see note 5 below);
  • in hard copy form (together with any power of attorney or other authority under which it is signed or a notarially certified copy thereof) by post, by courier or by hand to the Company's registrar, MUFG Corporate Markets, PXS1, Central Square, 29 Wellington Street, Leeds, LS1 4DL; or
  • in the case of CREST members, by using the CREST electronic proxy appointment service in accordance with the procedures set out in note 3 below;

and in each case to be received by the Company by not later than 11.00 a.m. on 16 February 2026. Unless otherwise indicated on the Form of Proxy or any other any other instrument appointing a proxy or CREST, Proxymity or other electronic voting instruction, the proxy will vote as they think fit or, at their discretion, withhold from voting. A personalised Form of Proxy for use at the General Meeting is enclosed with this document.

• 1. CREST members who wish to appoint a proxy or proxies by using the CREST electronic proxy appointment service may do so by using the procedures described in the CREST Manual. CREST Personal Members or other CREST sponsored members, and those CREST members who have appointed (a) voting service provider(s), should refer to their CREST sponsor or voting service providers(s) who will be able to take the appropriate action on their behalf. In order for a proxy appointment made by means of CREST to be valid, the appropriate CREST message (a CREST Proxy Instruction) must be properly authenticated in accordance with Euroclear UK & International Limited's specifications and must contain the information required for such instructions, as described in the CREST Manual. The message, regardless of whether it relates to the appointment of a proxy or to an amendment to the instruction given to a previously appointed proxy, must, in order to be valid, be transmitted so as to be received by the issuer's agent (ID RA10) by the latest time for receipt of proxy appointments specified in this document. For this purpose, the time of receipt will be taken to be the time (as determined by the time stamp applied to the message by the CREST Applications Host) from which the issuer's agent is able to retrieve the message by enquiry to CREST in the manner prescribed by CREST. The Company may treat as invalid a CREST Proxy Instruction in the circumstances set out in Regulation 35(5)(a) of the Uncertificated Securities Regulations 2001. CREST members and, where applicable, their CREST sponsors or voting service providers should note that Euroclear UK & International Limited does not make available special procedures in CREST for any particular messages. Normal system timings and limitations will therefore apply in relation to the input of CREST Proxy Instructions. It is the responsibility of the CREST member concerned to take or, if the CREST member is a CREST Personal member or sponsored member or has appointed (a) voting service provider(s), to procure that their CREST sponsor or voting service provider(s) take(s), such action as shall be necessary to ensure that a message is transmitted by means of the CREST system by any particular time. In this connection, CREST members and, where applicable, their CREST sponsors or voting service providers are referred, in particular, to those sections of the CREST Manual concerning practical limitations of the CREST system and timings.
• 1. Appointment of a proxy (whether by completion of a Form of Proxy, any other instrument appointing a proxy or any CREST, Proxymity or other electronic proxy instruction) does not prevent a member from attending and voting at the meeting.

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1. Shareholders can vote electronically via the Investor Centre, a free app for smartphones and tablets provided by the Registrar. It allows you to securely manage and monitor your shareholdings in real time, take part in online voting, keep your details up to date, access a range of information including payment history and much more. The app is available to download on both the Apple App Store and Google Play, or by scanning the relevant QR code below. Alternatively, you may access the Investor Centre via a web browser at: https://uk.investorcentre.mpms.mufg.com.

Apple App Store GooglePlay

Your vote must be lodged by 11.00 a.m. on 16 February 2026 in order to be considered valid or, if the meeting is adjourned, by the time which is 48 hours (excluding weekends) before the time of the adjourned meeting.

• 1. If you are an institutional investor, you may be able to appoint a proxy electronically via the Proxymity platform, a process which has been agreed by the Company and approved by the Registrar. For further information regarding Proxymity, please go to www.proxymity.io. Your proxy must be lodged by 11.00 a.m. on 16 February 2026 in order to be considered valid or, if the meeting is adjourned, by the time which is 48 hours (excluding weekends) before the time of the adjourned meeting. Before you can appoint a proxy via this process you will need to have agreed to Proxymity's associated terms and conditions. It is important that you read these carefully as you will be bound by them and they will govern the electronic appointment of your proxy. An electronic proxy appointment via the Proxymity platform may be revoked completely by sending an authenticated message via the platform instructing the removal of your proxy vote.
• 1. A person entered on the Company's register of members at close of business on 16 February 2026 (a member) is entitled to attend and vote at the meeting pursuant to Regulation 41 of the Uncertificated Securities Regulations 2001. Any changes to the Company's register of members after such time and date shall be disregarded in determining the rights of any person to attend and/or vote at the meeting. If the meeting is adjourned, entitlement to attend and vote at the adjourned meeting, and the number of votes which may be cast thereat, will be determined by reference to the Company's register of members 48 hours before the time fixed for the adjourned meeting.
• 1. Any person to whom this notice is sent who is a person nominated under section 146 of the Companies Act 2006 to enjoy information rights (a Nominated Person) may have a right, under an agreement between them and the member by whom they were nominated, to be appointed (or to have someone else appointed) as a proxy for the meeting. If a Nominated Person has no such proxy appointment right or does not wish to exercise it, they may have a right, under such an agreement, to give instructions to the member as to the exercise of voting rights.
• The statement of the above rights of members in relation to the appointment of proxies does not apply to Nominated Persons. Those rights can only be exercised by shareholders of the Company.
• 1. Any corporation which is a member can appoint one or more corporate representatives who may exercise on its behalf all of its powers as a member provided that they do not do so in relation to the same shares.
• 1. Any member attending the General Meeting has the right to ask questions under section 319A of the Companies Act 2006. The Company must cause to be answered any such question relating to the business being dealt with at the General Meeting but no such answer need be given if: (i) to do so would interfere unduly with the preparation for the General Meeting or involve the disclosure of confidential information; (ii) the answer has already been given on a website in the form of an answer to a question; or (iii) it is undesirable in the interests of the Company or the good order of the General Meeting that the question be answered.
• 1. You may not use any electronic address (within the meaning of section 333(4) of the Companies Act 2006) provided in this notice (or in any related documents including the Form of Proxy) to communicate with the Company for any purposes other than those expressly stated.
• 1. As at 16 January 2026, being the latest practicable date prior to publication of the notice of the General Meeting, the Company's issued share capital consisted of 78,122,182 ordinary shares of 1 penny each (each carrying one vote) and a further 1,864,404 ordinary shares of 1 penny each were held in treasury. As treasury shares do not carry voting rights, the total voting rights as at 16 January 2026 were 78,122,182.
• 1. To the extent that any voting takes place on a show of hands, every member who is present in person or by proxy has a right to one vote (except that, if a proxy's instructions include votes for and against (in respect of different shares, the proxy has one vote for and one vote against on a show of hands). However, it is anticipated that the Chair of the meeting will demand that the voting on all resolutions put to the meeting will be by poll. On a poll, the result will be decided on the basis of one vote per share.
• 1. A copy of this notice of General Meeting, and other information required by section 311A of the Companies Act 2006, can be found at https://www.invesco.com/uk/en/investment-trusts/invesco-global-equity-incometrust.html.

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