Crystal Amber Regulatory News (CRS)

23 November 2022

Crystal Amber Fund Limited

(the "Company" or the "Fund")

Result of Annual General Meeting

The Company announces that at its Fifteenth Annual General Meeting held earlier today, all resolutions (Resolutions 1 to 9), which were ordinary resolutions, set out in the Notice of AGM dated 6 October 2022 (the "Notice") were duly passed.

The breakdown of voting percentages for each resolution (on a total votes cast basis) is as follows:

Discretionary votes received were voted in favour of a Resolution and are counted in the proportion of votes 'for'. 

*Votes withheld are not included as a vote withheld is not a vote in Law and is therefore not counted towards the proportion of votes 'for' or 'against' a Resolution.

The Company notes the large proportion of votes against resolutions 3 and 9. Following a similar level of votes against the re-appointment of the auditors at last year's AGM, the Company undertook to re-assess the tendering process. Following a tendering process, the auditor was re-engaged and the Board believes that it is in the best interests of shareholders to continue with them. In respect of resolution 9, the Board believes that share buybacks remain an effective means of returning cash to certain shareholders and notes that the majority of shareholders have voted to enable them to be effected.