International Biotechnology Trust : AGM Results 2023

Annual General Meeting

International Biotechnology Trust plc (the "Company") announces that a poll was held on each of the resolutions proposed at the Annual General Meeting on 12 December 2023. The results of the poll are as follows:

	Resolution	Votes for	%	Votes	%	Withheld	Total
		(including		against			Votes
		discretionary					Cast
		votes)					(excludes
							Votes
							Withheld)
1	To receive the Annual	13,176,707	99.59%	54,014	0.41%	29,079	13,230,721
	Report & Accounts
2	To approve Directors'	13,140,395	99.57%	57,300	0.43%	52,105	13,197,695
	Remuneration report
3	To approve Directors'	13,124,663	99.45%	73,076	0.55%	52,061	13,197,739
	Remuneration Policy
4	To approve the	13,221,854	99.96%	5,285	0.04%	32,661	13,227,139
	Company's dividend
	policy
5	To elect	13,183,660	99.81%	24,975	0.19%	41,165	13,208,635
	Ms Gillian Elcock
6	To re-elect	13,186,241	99.81%	24,488	0.19%	39,071	13,210,729
	Miss Kate Cornish-
	Bowden
7	To re-elect Mrs Caroline	13,183,999	99.79%	28,180	0.21%	37,621	13,212,179
	Gulliver
8	To re-elect Mr Patrick	13,183,935	99.87%	17,526	0.13%	48,339	13,201,461
	Magee
9	To re-elect Professor	13,194,677	99.87%	17,502	0.13%	37,621	13,212,179
	Patrick Maxwell
10	To re-appoint	13,163,331	99.66%	44,749	0.34%	41,720	13,208,080
	PricewaterhouseCoopers
	LLP as auditor
11	To authorise Directors'	13,205,377	99.86%	18,705	0.14%	35,718	13,224,082
	determination of the
	auditor's remuneration
12	To approve continuation	13,238,333	99.94%	7,585	0.06%	3,882	13,245,918
	of the Company
13	To renew the authority	13,198,156	99.87%	16,797	0.13%	34,847	13,214,953
	to allot shares
14	To renew the authority	13,190,925	99.84%	20,952	0.16%	37,923	13,211,877
	to allot additional shares
15*	To approve the	13,149,544	99.53%	61,623	0.47%	38,633	13,211,167
	disapplication of pre-
	emption rights

16*	To approve the	12,825,508	96.87%	414,004	3.13%	10,288	13,239,512
	disapplication of pre-
	emption rights for
	allotments of additional
	shares
17*	To renew the authority	13,211,282	99.89%	14,275	0.11%	34,243	13,225,557
	to purchase own shares
18*	To approve that a	13,156,468	99.57%	57,054	0.43%	36,278	13,213,522
	general meeting, other
	than an annual general
	meeting, may be called
	on not less than 14 clear
	days' notice

*Resolution 15 to 18 were passed as special resolutions.

Shareholders are entitled to one vote per share. Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution. Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and their shares have been included in the "votes for" column.

The total issued share capital consists of 41,383,817 ordinary shares of £0.25 each, which includes 2,500,210 ordinary shares held in treasury. Treasury shares do not carry voting rights, therefore the total number voting rights in the Company is 38,883,607.

In accordance with LR 9.6.2, a copy of the resolutions passed, other than resolutions concerning ordinary business, at today's AGM will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.