River and Mercantile : Notice of Result of General Meeting

1.1 in relation to: (i) the interim dividend for the year ended 30 June 2018 of 7.6 per share paid by the Company on 6 April 2018; and (ii) the final dividend for the year ended 30 June 2018 of 5.5 pence per share paid by the Company on 14 December 2018 (the 'Relevant Distributions') the Company hereby ratifies and confirms the payment of the Relevant Distributions and the appropriation, for the purposes of the preparation of the Company's audited financial statements for the year ended 30 June 2018, of the distributable profits of the Company to the payment of the Relevant Distributions and the resulting entry for the distributable profits of the Company in such financial statements; and

1.2 any and all claims which the Company has or may have arising out of or in connection with the payment of the Relevant Distributions against its shareholders who appeared on the register of shareholders on the record dates for the Relevant Distributions (or the personal representatives and their successors in title (as appropriate) of a shareholder's estate if he or she is deceased) be waived and released pursuant to a deed poll of release in favour of such shareholders (or the personal representatives and their successors in title (as appropriate) of a shareholder's estate if he or she is deceased), to be entered into by the Company in the form produced to the General Meeting and initialled by the Chairman for the purposes of identification, and any Director in the presence of a witness, any two Directors of the Company or any Director and the Company Secretary be authorised to execute the same as a deed poll for and on behalf of the Company; and

1.3 any and all claims which the Company has or may have against each of its Directors arising out of or in connection with the approval, declaration or payment of the Relevant Distributions be waived and released pursuant to a deed of release in favour of each of such Directors, to be entered into by the Company in the form produced to the General Meeting and initialled by the Chairman for purposes of identification and any Director in the presence of a witness, any two Directors or any Director and the Company Secretary be authorised to execute the same as a deed poll for and on behalf of the Company.