AVI Global Trust Regulatory News (AGT)

AVI Global Trust plc (the "Company")

AGM results: update statement

At the Company's Annual General Meeting on 19th December 2025 all of the votes were passed by a large majority. However, the Board recognised that support for the re-election of June Jessop, Chair of the Nomination Committee, fell below 80%. In detail, 23.1% of votes cast (which was 5.7% of total voting rights at the time of the AGM) voted against Mrs Jessop's re-election. The Board has made enquiries on the reasons for the vote against Mrs Jessop's re-election. A large proportion of the votes against the resolution in question were cast by a single shareholder and we have been informed that their votes and others were a result of the Board not meeting those shareholders' targets for ethnic diversity.

In its Annual Report for the year to 30 September 2025, the Board disclosed that it would seek a replacement for Calum Thomson, who will retire at the AGM in 2026. The following relevant points were made on page 55 of the Annual Report:

"As an externally managed company, the Company does not have any employees. The Board acknowledges the importance of diversity for the effective functioning of the Board which helps to create an environment for success and effective decision making. The Board is aware of the recommendations of the Hampton-Alexander Review on gender diversity and the Parker Review on ethnic diversity and inclusion on company boards. The Company is pleased to have met the target for at least 40% of individuals on the Board to be women but does not currently meet the targets for at least one senior Board position to be held by a woman and at least one individual on the Board to be from a minority ethnic background. As reported in the 2024 Annual Report, the Board and Nomination Committee previously considered whether an additional Director should be appointed to meet the ethnic diversity target. Following discussion, it was agreed that it was not in the best interest of shareholders to increase the size of the Board or to replace any of the current Directors before the end of their term. The targets have been and will continue to be taken into consideration in respect of the recruitment of all new Directors of the Company, including during the recruitment exercise in the coming year, as described on page 54. Whilst recruitment will be carried out in line with the diversity policy discussed on the previous page, care will be taken that the recruitment agency used for the search has strong credentials in sourcing candidates from a wide variety of backgrounds. Diversity considerations will be taken in account during the selection of the most suitable candidate.

As the Board is made up wholly of non-executive Directors it only has two roles which are classed in the UK Listing Rules as "senior", namely the Chairman and Senior Independent Director. With effect from 19 December 2025 Ms Balfour will fulfil the position of Senior Independent Director and, as a consequence, this target will then be met. The Board is focused on addressing all of the relevant targets and, through its Nomination Committee, will keep these matters under regular review and will take account of the targets when appointing further Board members in the future."

Graham Kitchen, the Chairman of the Company, said "The Board remains cognisant of the diversity guidelines and confirms that the process as stated in the Financial statements will be followed for the recruitment of the new director."

MUFG Corporate Governance Limited

Secretary

3 February 2026

LEI: 213800QUODCLWWRVI968