Baillie Gifford Shin Nippon : Articles of Association adopted 17 May 2023

ARTICLES OF ASSOCIATION

of

BAILLIE GIFFORD SHIN NIPPON PUBLIC LIMITED COMPANY

PUBLIC COMPANY LIMITED BY SHARES

Incorporated in Scotland on 17 May 1985 with registered number SC093345

Adopted by special resolution passed on 17 May 2023

B25401EH10455013.1

	CONTENTS
PRELIMINARY	1
1.	EXCLUSION OF MODEL ARTICLES	1
2.	LIABILITY OF MEMBERS	1
3.	UNRESTRICTED OBJECTS	1
4.	DEFINITIONS	1
5.	FORM OF RESOLUTION	6
NAME	.................................................................................................................................................	6
6.	CHANGE OF NAME	6
SHARE CAPITAL	6
7.	ISSUE OF SHARES	6
8.	ORDINARY SHARES	6
9.	RIGHTS ATTACHED TO SHARES	7
10.	REDEEMABLE SHARES	7
11.	VARIATION OF RIGHTS	7
12.	MATTERS NOT CONSTITUTING VARIATION OF RIGHTS	7
13.	PAYMENT OF COMMISSION	8
14.	INTERESTS NOT RECOGNISED	8
15.	RECOGNITION OF TRUSTS	8
16.	SUSPENSION OF RIGHTS WHERE NON-DISCLOSURE OF INTEREST	8
17.	UNCERTIFICATED SHARES	11
18.	RIGHT TO SHARE CERTIFICATES	12
19.	REPLACEMENT OF SHARE CERTIFICATES	12
20.	EXECUTION OF SHARE CERTIFICATES	13
21.	SHARE CERTIFICATES SENT AT HOLDER'S RISK	13
22.	DELIVERY OF CERTIFICATE TO BROKER OR AGENT	13
EH10455013.1	i

LIEN	...............................................................................................................................................	13
23.	COMPANY'S LIEN ON SHARES NOT FULLY PAID	13
24.	ENFORCING LIEN BY SALE	14
25.	APPLICATION OF PROCEEDS OF SALE	14
CALLS ON SHARES	14
26.	CALLS	14
27.	TIMING OF CALLS	15
28.	LIABILITY OF JOINT HOLDERS	15
29.	INTEREST DUE ON NON-PAYMENT	15
30.	SUMS DUE ON ALLOTMENT TREATED AS CALLS	15
31.	POWER TO DIFFERENTIATE	15
32.	PAYMENT OF CALLS IN ADVANCE	15
33.	NOTICE IF CALL OR INSTALMENT NOT PAID	16
34.	FORM OF NOTICE	16
FOREFEITURE OF SHARES	16
35.	FORFEITURE FOR NON-COMPLIANCE WITH NOTICE	16
36.	NOTICE AFTER FORFEITURE	16
37.	SALE OF FORFEITED SHARES	16
38.	EFFECT OF FORFEITURE	17
39.	EVIDENCE OF FORFEITURE	17
TRANSFER OF SHARES	17
40.	TRANSFER	17
41.	SIGNING OF AN INSTRUMENT OF TRANSFER	18
42.	RIGHTS TO DECLINE REGISTRATION OF PARTLY PAID SHARES	18
43.	OTHER RIGHTS TO DECLINE REGISTRATION	18

EH10455013.1

ii

44.	NOTICE OF DECLINE TO REGISTER A TRANSFER	19
45.	NO FEE FOR REGISTRATION	19
46.	UNTRACED HOLDERS	19
TRANSMISSION OF SHARES	21
47.	TRANSMISSION ON DEATH	21
48.	ENTRY OF TRANSMISSION IN REGISTER	21
49.	ELECTION OF PERSON ENTITLED BY TRANSMISSION	21
50.	RIGHTS OF PERSON ENTITLED BY TRANSMISSION	21
ALTERATION OF SHARE CAPITAL	22
51.	SUB-DIVISION	22
52.	FRACTIONS	22
53.	REDUCTION OF CAPITAL	22
54.	PURCHASE OF OWN SHARES	22
GENERAL MEETINGS	23
55.	CONVENING AND PARTICIPATING IN GENERAL MEETINGS	23
56.	ELECTRONIC MEETINGS	24
57.	GENERAL MEETING HELD AT MORE THAN ONE PHYSICAL LOCATION	24
NOTICE OF GENERAL MEETINGS	26
58.	LENGTH OF NOTICE	26
59.	OMISSION OR NON-RECEIPT OF NOTICE	27
60.	POSTPONEMENT OF GENERAL MEETINGS	27
PROCEEDINGS AT GENERAL MEETINGS	27
61.	QUORUM	27
62.	PROCEDURE IF QUORUM NOT PRESENT	28
63.	CHAIR OF GENERAL MEETING	28

EH10455013.1

iii

64.	SECURITY ARRANGEMENTS	28
65.	ORDERLY CONDUCT	29
66.	ENTITLEMENT TO ATTEND, SPEAK AND PARTICIPATE	29
67.	ADJOURNMENTS	29
68.	BUSINESS OF ADJOURNED MEETINGS	30
69.	NOTICE OF ADJOURNMENT	30
AMENDMENTS TO RESOLUTIONS	31
70.	AMENDMENTS TO RESOLUTIONS	31
71.	AMENDMENTS RULED OUT OF ORDER	31
VOTING	31
72.	VOTES OF MEMBERS	31
73.	METHOD OF VOTING	32
74.	PROCEDURE IF POLL DEMANDED	32
75.	WHEN POLL TO BE TAKEN	32
76.	CONTINUANCE OF OTHER BUSINESS AFTER POLL DEMAND	33
77.	VOTES OF JOINT HOLDERS	33
78.	VOTING ON BEHALF OF INCAPABLE MEMBER	33
79.	NO RIGHT TO VOTE WHERE SUMS OVERDUE ON SHARES	33
80.	OBJECTIONS OR ERRORS IN VOTING	33
PROXIES	34
81.	APPOINTMENT OF PROXIES	34
82.	RECEIPT OF PROXY APPOINTMENTS	35
83.	DURATION OF PROXY APPOINTMENT	36
84.	REVOCATION OF AUTHORITY	36
CLASS MEETINGS	37

EH10455013.1

iv