Update on General Meeting voting outcome

In accordance with provision 4 of the UK Corporate Governance Code, the Company is providing the following update to the General Meeting voting results announced on 20 November 2023 regarding the significant vote against both resolutions which were put to shareholders at the General Meeting, namely:

Resolution 1: to re-elect Mr. A.W. Powell as a director of the Company; and

Resolution 2: to re-elect Ms. M.L. Archibald as a director of the Company.

At the General Meeting, both Mr. A.W. Powell and Ms. M.L. Archibald were re-elected as directors of the Company.

Following the meeting, the Company identified, as far as possible, those shareholders who did not support the resolutions and attempted to engage with them to seek their views. Some shareholders did not wish to engage, other shareholders raised matters which are under consideration by the Board and its Committees. The Board is grateful to those shareholders who took part in the engagement process and value the feedback provided. The Company re-affirms its commitment to ongoing shareholder engagement and will continue to offer to have discussions with shareholders and will take into account their concerns and considerations in the future.

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