Tavistock Regulatory News (TAVI)

Tavistock Investments Plc

("Tavistock" or the "Company")

Cancellation of General Meeting

07 April 2021

Tavistock announces that at the proxy voting cut-off point yesterday, a total of 357 million votes had been received from shareholders in connection with the special resolution to be proposed at the general meeting of the Company's shareholders (the "GM"), scheduled to take place on Thursday, 8 April 2021.

Of these votes, approximately 237 million, representing approximate 39% of the Company's issued share capital, are in favour of the resolution and approximately 120 million are against the resolution. Thus 66.4% of the votes cast were in favour and 33.6% were cast against, which means that the required 75% majority for passing the special resolution has not been reached. Full details of the votes received can be found in the table below.

As the special resolution cannot be passed, the Board has decided to withdraw the resolution and to cancel the GM.

The Board remains of the view that the introduction of an alternative growth share incentive scheme would be an effective and appropriate way of incentivising and rewarding members of its management team but has noted the views of shareholders regarding the proposal put forward. The Board remains open to constructive engagement with shareholders whilst being mindful of the importance of attracting, retaining and incentivising senior management.

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