Grit Inv Tst Regulatory News (GRIT)

7 January 2022

Global Resources Investment Trust plc

'GRIT' or 'the Company'

Result of General Meeting

Share Capital Re-organisation

Change of name

Total voting rights

GRIT is pleased to announce that at the Company's General Meeting held earlier today, all resolutions were duly passed.

On 14 December 2021, the Company published a Circular in connection with Proposals to approve a share capital reorganisation, to seek authorities to issue New Ordinary Shares both as regards the conversion of outstanding convertible loan notes ("CLNs") and in respect of a further equity fundraise, to adopt new articles of association and to change the name of the Company to "GRIT Investment Trust plc". A link to the full details of the votes are set out below.

Share Capital Reorganisation

Each Existing Ordinary Share of 1p will be sub-divided into one ordinary share of 0.25p and one Deferred Share of 0.75p. Each 10 ordinary shares of 0.25p each will then be consolidated into a New Ordinary Share of 2.5 pence. The rights attaching to the New Ordinary Shares will be identical in all respects to those of the Existing Ordinary Shares. Full details are set out in the Company's announcement of 14 December 2021.

Application has been made for the New Ordinary Shares to be admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market for listed securities to commence at 08.00 on 10 January 2022 ("Admission").

The ISIN and SEDOL numbers for the New Ordinary Shares will be GB00BL594W83 and BL594W8. The ticker of GRIT will remain the same, as will the Company's website address of www.grinvestmenttrust.com.

Change of name

The Company's name will change to "GRIT Investment Trust plc" in due course, and the Company will notify the market.

Total voting rights

At Admission and in accordance with the requirements of the FCA's Disclosure Guidance and Transparency Rule 5.6.1A, the Company hereby notifies the market that the Company's issued share capital will consist of 50,357,414 ordinary shares of 2.5 pence each and therefore the total number of voting rights in the Company will be 50,357,414.

The above figure may be used by shareholders and others with notification obligations as their denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Further information on votes

The resolutions were all passed on a poll, with votes cast in accordance with proxy voting instructions submitted to the Company by the relevant deadline, together with those cast at the General Meeting itself, and may be viewed by a link to this announcement, and will be available on the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The result of poll and proxy voting will also be available on the Company's website www.grinvestmenttrust.com

http://www.rns-pdf.londonstockexchange.com/rns/8185X_1-2022-1-7.pdf

Enquiries:

Global Resources Investment Trust plc

Martin Lampshire

Tel: +44 (0)20 3198 2554

Peterhouse Capital Limited

Lucy Williams/Duncan Vasey

Tel: +44 (0)20 7469 0930

Capitalised terms not otherwise defined in this announcement have the same meaning given to them in the circular.