Herald Investment Trust : Special resolutions

Company Number 02879728

Herald Investment Trust plc ("the Company")

Annual General Meeting

duly convened and held at 10-11 Charterhouse Square, London EC1M 6EE

on 23 April 2024 at 11.30 am

RESOLUTIONS PASSED AT THE COMPANY'S ANNUAL GENERAL MEETING ON 18 APRIL 2023

Supplementary notification pursuant to LR 9.6.2.R.

Resolutions proposed and passed of the type stated at the Company's, were as follows:

SPECIAL BUSINESS

Proposed and passed as Special Resolutions

Resolution 10

That, the Company be generally and subject as hereinafter appears unconditionally authorised in accordance with Section 701 of the Companies Act 2006 (the 'Act') to make market purchases (within the meaning of Section 693(4) of the Act) of its issued shares of 25p each in the capital of the Company in substitution for any existing authority under section 701 of the Act but without prejudice to any exercise of any such authority prior to the date hereof.

PROVIDED ALWAYS THAT

1. the maximum number of shares hereby authorised to be purchased shall be 14.99% of the issued share capital on the date on which this resolution is passed;
2. the minimum price which may be paid for a share shall be 25p;
3. the maximum price (exclusive of expenses) which may be paid for a share shall not be more than the higher of (a) 5% above the average mid closing price (as derived from the Daily Official List of the London Stock Exchange) for the shares for the five business days immediately preceding the date of purchase and (b) the higher of the last independent trade and the highest current independent bid on the London Stock Exchange;
4. any purchase of shares will be made in the market for cash at prices below the prevailing net asset value per share (as determined by the directors);
5. unless previously varied, revoked or renewed, the authority hereby conferred shall expire on the earlier of the date falling 15 months after the passing of this resolution and the conclusion of the annual general meeting of the Company to be held in 2025; and
6. the Company may make a contract to purchase shares under the authority hereby conferred prior to the expiry of such authority and may make a purchase of shares pursuant to any such contract notwithstanding such expiry.

Resolution 11

That a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice, such authority to expire at the conclusion of the annual general meeting in 2025.

Apex Listed Companies Services (UK) Limited

Company Secretary