NextEnergy Solar Fund : Notice of AGM

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the contents of this document or as to the action you should take, you are recommended immediately to seek your own independent financial advice from your stockbroker, bank manager, solicitor, accountant or other appropriately qualified independent financial adviser authorised under the Financial Services and Markets Act 2000 or, if you are in a country outside the United Kingdom, another appropriately authorised independent financial adviser.

If you were a Shareholder and have sold or otherwise transferred all your Ordinary Shares, please send this document as soon as possible to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for onward transmission to the purchaser or transferee.

This document should be read as a whole. Nevertheless, your attention is drawn to the letter from your Chairwoman which contains a recommendation from the Board of the Company that you vote FOR Resolutions 1 to 13 and AGAINST Resolution 14 to be proposed at the Annual General Meeting (the "AGM").

NEXTENERGY SOLAR FUND LIMITED

(Incorporated in Guernsey under The Companies (Guernsey) Law, 2008, as amended,

with registered no. 57739)

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

The Resolutions outlined in this document are conditional on Shareholder approval and are to be proposed at the annual general meeting of the Company, which will be held at Floor 2, Trafalgar Court, Les Banques, St Peter Port, Guernsey, GY1 4LY, on 12 August 2024 commencing at 12:00 noon. The notice convening the AGM is set out in Part 3 of this document.

You should ensure that your Proxy Appointment (and any relevant supporting documents) are returned to the Company's registrars, Link Group, by one of the following means:

1. by logging on towww.signalshares.comand following the instructions; or
2. by requesting a hard copy form of proxy directly from Link Group as outlined in note 5 of the AGM Notice and submitting a hard copy form of proxy by post, by courier or by hand to PXS 1, Link Group, Central Square, 29 Wellington Street, Leeds, LS1 4DL; or
3. in the case of CREST members, by utilising the CREST electronic proxy appointment service (details of which are contained in this document) to Link Group.

In each case, the Proxy Appointment must be received by Link Group as soon as possible and, in any event, not later than 12:00 noon on 8 August 2024 or, if the meeting is adjourned, 48 hours (excluding days that are not business days) before the time of the adjourned meeting. The Company is a closed-ended collective investment scheme registered pursuant to the Protection of Investors (Bailiwick of Guernsey) Law, 2020 and the Registered Collective Investment Scheme Rules and Guidance, 2021. The Guernsey Financial Services Commission takes no responsibility for the financial soundness of the Company or for the correctness of any of the statements made or opinions expressed with regard to it in this document.

CONTENTS	Page
EXPECTED TIMETABLE	2
PART 1	LETTER FROM THE CHAIRWOMAN	3
PART 2	DEFINITIONS	7
PART 3	NOTICE OF ANNUAL GENERAL MEETING	8
PART 4	EXPLANATORY NOTES TO THE RESOLUTIONS TO BE PROPOSED	12
	AT THE AGM

EXPECTED TIMETABLE

		2024
Latest time and date for receipt of Proxy Appointments	12:00 noon on 8	August
AGM	12:00 noon on 12	August
Notes:
All times referred to in this document are references to Guernsey time.

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PART 1

LETTER FROM THE CHAIRWOMAN

NEXTENERGY SOLAR FUND LIMITED

(Incorporated in Guernsey under The Companies (Guernsey) Law, 2008, as amended,

with registered no. 57739)

Directors:	Registered Office:
PO Box 286
Helen Mahy (Chairwoman)	Floor 2
Joanne Peacegood	Trafalgar Court
Patrick Firth	Les Banques
Josephine Bush	St Peter Port
Paul Le Page	Guernsey
Caroline Chan	GY1 4LY
	12 July 2024
To Ordinary Shareholders and, for information only, Preference Shareholders
Dear Shareholder

Introduction

The tenth annual general meeting of the Company will be held at 12:00 noon on 12 August 2024. A number of Resolutions are being proposed in relation to the ordinary administrative business of the Company. Full details of the Resolutions to be proposed are set out in the AGM Notice in Part 3 of this document and explanatory notes to the Resolutions are set out in Part 4 under the heading "Explanatory Notes to the Resolutions to be proposed at the AGM".

This letter explains in more detail one of the proposals which relates to the continuation of the Company, Resolution 14 (the "Discontinuation Resolution"), and why the Board unanimously recommends that Shareholders VOTE AGAINSTthe Discontinuation Resolution.

Discontinuation Resolution

Pursuant to article 54 of the Articles, a Discontinuation Resolution is being proposed as a special resolution at this year's AGM. The Board unanimously recommends that Shareholders VOTE AGAINST SPECIAL RESOLUTION 14 (the Discontinuation Resolution) to allow the Company to continue operating in line with its investment strategy.

The Company's investment objective is to provide Shareholders with attractive risk-adjusted returns, principally in the form of regular dividends, by investing in a diversified portfolio of utility-scale solar energy and energy storage infrastructure assets. The Company has consistently achieved this objective by providing Shareholders with a covered and growing dividend every year for the last 10 years, having paid out £345 million (67.8 pence per Ordinary Share) since its IPO, all whilst contributing significantly to the UK's renewable energy electricity generation. The Company maintains a progressive annual dividend policy, whilst preserving the capital value of its investment portfolio through reinvestment of excess cash flow.

The Company operates in a growing and increasingly relevant sector that makes a meaningful contribution to the UK's Net Zero Target and is driven by a mission to contribute to a more sustainable future by leading the transition to clean energy generation.

The Articles include a discount management provision requiring a Discontinuation Resolution to be proposed to Shareholders if, in any financial year of the Company, the Ordinary Shares have traded, on average over that year, at a discount in excess of ten per cent. to the Net Asset Value per Ordinary Share.

Over the course of the 2024 financial year (1 April 2023 to 31 March 2024), the Ordinary Shares traded at an average discount of 18.7 per cent. to the Net Asset Value per Ordinary Share. Accordingly, the Board is required to propose a special resolution at this year's AGM that the Company ceases to continue in its present form. The Company will remain in operation in its current form unless 75 per cent. of votes are cast 'For' the Discontinuation Resolution, notwithstanding the Board's recommendation that Shareholders VOTE AGAINST SPECIAL

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RESOLUTION 14. If the Discontinuation Resolution is passed then, in accordance with the Articles, the Board would be required to put forward proposals to Shareholders for the winding-up or reconstruction of the Company at a general meeting to be held within four months of the date on which the Discontinuation Resolution was passed.

For the reasons set out below under the heading 'Background and Rationale to Vote Against Discontinuation (Special Resolution 14)', the Board unanimously recommends that Shareholders VOTE AGAINST the Discontinuation Resolution.

Background and Rationale to Vote Against Discontinuation (Special Resolution 14)

The Company launched on the London Stock Exchange in April 2014, having raised £85.6 million of equity. Since 2014, the Company has grown substantially, with a total of £591.9 million in equity raised and a Gross Asset Value of £1,155 million as at 31 March 2024. The Company has become a FTSE 250 constituent, increased its high-quality portfolio to 103 operating assets as at 31 March 2024, achieved its first 1GW installed capacity milestone during that financial year, and delivered a total Shareholder return of 49% and a total Net Asset Value ("NAV") return of 73% since launch to 30 June 2024, inclusive of dividends and the current Ordinary Share price discount to NAV. NESF prides itself on its transparent approach to sustainability disclosures, including meeting the requirements of Article 9 of the European Union Sustainable Finance Disclosure Regulation and being fully aligned with the EU Taxonomy.

The Company's investment objective is to provide Shareholders with attractive risk-adjusted returns, principally in the form of regular dividends, by investing in a diversified portfolio of utility-scale solar energy and energy storage infrastructure assets. The Company has consistently achieved this objective by providing Shareholders with a covered and growing dividend every year for the last 10 years, having paid out £345 million (67.8 pence per Ordinary Share) since its IPO, all whilst contributing significantly to the UK's renewable energy electricity generation. The Company maintains a progressive annual dividend policy, whilst preserving the capital value of its investment portfolio through reinvestment of excess cash flow.

The Company is well positioned not only to remain relevant but to continue to deliver on its objectives for the long term, which is evident through its commitment to narrow its current Ordinary Share price discount to NAV. The Company took decisive action against this discount to set out a clear roadmap through its Capital Recycling Programme (CRP) which has made significant progress over the last 12 months, with the sale of Hatherden, a 60MW ready-to-build solar project, and more recently by successfully delivering the sale of Whitecross, a 35MW operational subsidy-free solar asset, both at attractive premiums to their holding values in the Company's NAV. The remaining 150MW of the 246MW Capital Recycling Programme continues to progress through a competitive sales process to third-party buyers. The Company will publish further updates about Phase III of the Programme in due course. At the same time, the Company has remained disciplined across its capital structure and launched a meaningful Share buyback programme of up to £20 million to seek to narrow the discount in the Ordinary Share price and provide maximum value to Shareholders.

Under the careful stewardship of the Board, the Investment Manager and the Investment Adviser (NextEnergy Capital), the Board believes the Company continues to provide long-term attractive value for its Shareholders and therefore unanimously recommends that Shareholders VOTE AGAINSTspecial resolution 14 (the Discontinuation Resolution).

Annual General Meeting

You will find set out at the end of this document the Notice convening the AGM to be held at Floor 2, Trafalgar Court, Les Banques, St Peter Port, Guernsey, GY1 4LY, on 12 August 2024 commencing at 12:00 noon. Further details on voting are set out in the Notes to the Notice of the AGM on pages 10 to 11.

As part of the Company's continued approach to transparency, Shareholders are invited to listen to the AGM virtually where the Board can answer pre-submitted questions. A recording of the AGM will be made available on the Company's website. To register for access please contact [e-mail] 9 August 2024. Details explaining how and when questions can be submitted to the AGM are set out in the section below headed ‛Action to be Taken'.

Resolutions 1 to 10 will be proposed as ordinary resolutions. This means that, for each of those resolutions to be passed, more than half of the votes cast must be in favour of the relevant resolution.

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Resolutions 11 to 14 will be proposed as special resolutions. This means that, for each of those resolutions to be passed, at least three-quarters of the votes cast must be in favour of the relevant resolution.

Action to be Taken

You should ensure that your Proxy Appointment (and any relevant supporting documents) are returned to the Company's registrars, Link Group, by one of the following means:

1. by logging on towww.signalshares.comand following the instructions;

1. by requesting a hard copy form of proxy directly from Link Group as outlined in note 5 of the AGM Notice and submitting a hard copy form of proxy by post, by courier or by hand to PXS 1, Link Group, Central Square, 29 Wellington Street, Leeds, LS1 4DL; or

1. in the case of CREST members, by utilising the CREST electronic proxy appointment service (details of which are contained in this document) to Link Group.

In each case, the Proxy Appointment must be received by Link Group as soon as possible and, in any event, not later than 12:00 noon on 8 August 2024 or, in the event of any adjournment of the AGM, not later than 48 hours (excluding days which are not business days) before the time appointed for the adjourned meeting.

Completion and return of the Proxy Appointment will not affect a Shareholder's right to attend, and vote, at the AGM.

If you do not wish to attend in person, you are invited to submit any questions you may have about the Company and its operations (i) in writing to the Company Secretary at the Company's Registered Office in advance of the AGM or (ii) by email to [e-mail] 12:00 noon on 8 August 2024. Answers to such questions will then be provided directly to any such Shareholders as soon as reasonably possible. A recording of the AGM will be made available on the Company's website.

Documents available for inspection

Copies of each of the following documents will be available for inspection (by Shareholders or an authorised representative) at the registered office of the Company during normal business hours on any business day from the date of this document until the conclusion of the AGM:

1. the Articles of Incorporation of the Company;
2. this Notice;
3. the Company's Annual Report and Financial Statements for the year ended 31 March 2024; and
4. the Company's 2024 Sustainability and ESG Report.

The above documents will also be available at the place of the AGM for at least 15 minutes prior to and during the AGM.

A copy of this Notice has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/a/nsm/nationalstoragemechanism. This Notice will also be available on the Company's website: https://www.nextenergysolarfund.com/.

Recommendation and Directors' Voting Intention

The Board of Directors unanimously recommends voting FOR Resolutions 1 to 13 and AGAINSTResolution 14 (the Discontinuation Resolution). The Board's full voting recommendations are detailed in the next section below.

The Board considers that the continuation of the business described in this Notice is in the best interests of the Company and of its shareholders as a whole. The Directors intend to vote in line with their recommendations in respect of their personal beneficial shareholdings of, in aggregate, 265,115 Ordinary Shares representing approximately 0.045% per cent. of the existing issued Ordinary Share capital of the Company as at 30 June 2024 (being the latest practicable date prior to the publication of this document).

The Board of Directors' Full Voting Recommendations

Please find below a completed Form of Proxy example of how the Board would recommend voting at this AGM. As noted, there are two ways in which Shareholders can vote, either by ticking

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or putting an 'X' in the first box to select voting in line with the Board's recommendations or by selecting the individual resolutions below.

PLEASE TICK OR PUT AN ‛X' IN THIS BOXTO VOTE IN LINE WITH THE BOARD'S RECOMMENDATIONS FOR ALL ORDINARY AND SPECIAL RESOLUTIONS

Full details of the Board's recommendations can be found here: (https://www.nextenergysolarfund.com/reports-and-publications/annual-general-meeting/)

By ticking or placing an ‛X' in this box no further voting action is required and votes will be cast ‛FOR' resolutions 1 to 13 and ‛AGAINST' resolution 14. By ticking or placing an ‛X' in this box you have superseded any individual voting resolutions below. If you wish to vote on all resolutions below individually, please do not tick or place an ‛X' in this box

Resolutions:

Ordinary Resolutions

1. To receive and consider the annual report and financial statements of the Company for the year ended 31 March 2024
2. To approve the Directors' remuneration report for the year ended 31 March 2024 contained within the annual report and financial statements
3. To approve the Company's dividend policy
4. To re-elect Helen Mahy as a Director of the Company
5. To re-elect Jo Peacegood as a Director of the Company
6. To re-elect Josephine Bush as a Director of the Company
7. To elect Paul Le Page as a Director of the Company
8. To elect Caroline Chan as a Director of the Company
9. To re-appoint KPMG Channel Islands Limited as auditor of the Company
10. To authorise the Directors to set the remuneration of the auditor

Special Resolutions

11 To authorise the Directors to allot and issue (or sell out of treasury) Ordinary Shares in the Company up to an amount equal to 10% of the Ordinary Shares in issue

For

Against

Withheld

X

X

X

X

X

X

X

X

X

X

X

1. Conditional on the passing of Resolution 11 and in addition to the authority granted thereunder, to authorise the Directors to allot and issue (or sell out of treasury) Ordinary Shares in the Company up to an amount equal to 10% of the Ordinary Shares in issue
2. To authorise the Company to make market purchases of Ordinary Shares
3. Discontinuation vote: That the Company ceases to continue in its present form.
   The Board recommends voting AGAINSTthis resolution

X

X

X

Yours faithfully

Helen Mahy CBE

Chairwoman

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PART 2

DEFINITIONS

The following definitions apply throughout this document unless the context otherwise requires:

"2024 Annual Report"	the annual report and financial statements of the Company for the
	year ended 31 March 2024
"AGM"	the annual general meeting of the Company convened for
	12 August 2024 at 12:00 noon, notice of which is set out in
	Part 3 of this document, or any adjournment of that meeting
"AGM Notice" or	the notice convening the AGM set out in Part 3 of this document
"Notice of AGM"
"Articles"	the articles of incorporation, of the Company
"Board" or "Directors"	the board of directors of the Company, including any duly
	constituted committee thereof
"Company" or "NESF"	NextEnergy Solar Fund Limited
"CREST"	the relevant system for the paperless settlement of trades in
	securities and the holding of uncertificated securities operated by
	Euroclear UK & International Limited
"Discontinuation Resolution"	special resolution 14 to be proposed at the AGM that the
	Company ceases to continue in its present form
"Gross Asset Value" or "GAV"	Gross asset value, being the aggregate of the net asset value of
	the ordinary shares, the fair value of the preference shares and the
	amount of NESF Group debt outstanding.
"Net Asset Value" or "NAV"	the net asset value of the Company calculated in accordance with
	the Company's valuation policies
"Ordinary Shares"	ordinary shares of no par value in the capital of the Company
"Preference Shares"	redeemable preference shares of no par value in the capital of the
	Company
"Proxy Appointment"	the appointment by a Shareholder of a proxy to vote on their behalf
	at the AGM in accordance with the instructions set out in the
	notes to the AGM Notice
"Resolutions"	the resolutions to be proposed at the AGM
"Shareholders"	holders of Ordinary Shares

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PART 3

NOTICE OF ANNUAL GENERAL MEETING

NEXTENERGY SOLAR FUND LIMITED (the "Company")

(Incorporated in Guernsey under The Companies (Guernsey) Law, 2008, as amended,

with registered no. 57739)

Notice is hereby given that the tenth annual general meeting of NextEnergy Solar Fund Limited (the "Company") will be held at Floor 2, Trafalgar Court, Les Banques, St Peter Port, Guernsey, GY1 4LY, on 12 August 2024 commencing at 12:00 noon to transact the following business.

Ordinary Business

To consider and, if thought fit, pass the following resolutions which will be proposed as ordinary resolutions:

1. To receive and consider the annual report and financial statements of the Company for the year ended 31 March 2024, together with the reports of the Directors and auditor contained therein.
2. To approve the Directors' remuneration report for the year ended 31 March 2024 contained within the annual report and financial statements of the Company for the year ended 31 March 2024.
3. To approve the Company's dividend policy.
4. To re-elect Helen Mahy as a Director of the Company.
5. To re-elect Jo Peacegood as a Director of the Company.
6. To re-elect Josephine Bush as a Director of the Company.
7. To elect Paul Le Page as a Director of the Company.
8. To elect Caroline Chan as a Director of the Company.
9. To re-appoint KPMG Channel Islands Limited as auditor of the Company to hold office until the conclusion of the next annual general meeting of the Company.
10. To authorise the Directors to set the remuneration of the auditor.

Special Business

To consider and, if thought fit, pass the following resolutions as special resolutions:

1. That, in accordance with article 7.7 of the Articles, the Directors be and are hereby generally and unconditionally authorised pursuant to the Articles to allot and issue (or sell treasury shares) up to such number of Ordinary Shares as shall be equivalent to 10% of the aggregate number of Ordinary Shares in issue (excluding treasury shares) at the date of passing of this resolution as if the pre-emption rights in article 7.2 of the Articles do not apply to such allotment and issue. This authority shall expire at the conclusion of the annual general meeting of the Company to be held in 2025 (unless renewed, varied or revoked by the Company prior to or on such date), save that the Company may, before such expiry, make any offer or agreement which would or might require Ordinary Shares to be allotted or issued (or treasury shares to be sold) after such expiry and the Directors may allot and issue Ordinary Shares (or sell treasury shares) in pursuance of any such offer or agreement as if the authority conferred hereby had not expired.
2. That, conditional on the passing of Resolution 11 and in addition to the authority granted thereunder, in accordance with article 7.7 of the Articles, the Directors be and are hereby generally and unconditionally authorised pursuant to the Articles to allot and issue (or sell treasury shares) up to such number of Ordinary Shares as shall be equivalent to 10% of the

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aggregate number of Ordinary Shares in issue (excluding treasury shares) at the date of passing of this resolution as if the pre-emption rights in article 7.2 of the Articles do not apply to such allotment and issue. This authority shall expire at the conclusion of the annual general meeting of the Company to be held in 2025 (unless renewed, varied or revoked by the Company prior to or on such date), save that the Company may, before such expiry, make any offer or agreement which would or might require Ordinary Shares to be allotted or issued (or treasury shares to be sold) after such expiry and the Directors may allot and issue Ordinary Shares (or sell treasury shares) in pursuance of any such offer or agreement as if the authority conferred hereby had not expired.

13. That the Company be and is hereby generally and unconditionally authorised in accordance with section 315 of the Companies (Guernsey) Law, 2008, as amended, (the "Law") to make market purchases (as defined in section 316 of the Law) of Ordinary Shares (which may be cancelled or held as treasury shares), provided that:

1. the maximum number of Ordinary Shares hereby authorised to be purchased is 14.99% of the total number of Ordinary Shares in issue (excluding treasury shares) as at the date of the passing of this resolution;
2. the minimum price (exclusive of expenses) which may be paid for any Ordinary Share shall be 1p; and
3. the maximum price (exclusive of expenses) that the Company may pay for any Ordinary
   Share is the higher of (a) an amount equal to 105% of the average of the mid-market quotations for the Ordinary Shares as derived from the Daily Official List of London Stock Exchange plc for the five business days immediately before the day on which such Ordinary Share is contracted to be purchased and (b) an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out;

and, unless renewed, the authority hereby conferred shall expire at the conclusion of the annual general meeting of the Company to be held in 2025, save that the Company, may, prior to such expiry, enter into a contract to purchase Ordinary Shares which will or may be completed or executed wholly or partly after such expiry.

14. Discontinuation Vote: That the Company cease to continue in its present form.

By Order of the Board	Registered Office
Ocorian Administration (Guernsey) Limited	PO Box 286
Company Secretary	Floor 2, Trafalgar Court
	Les Banques
	St Peter Port
	Guernsey
	Channel Islands
	GY1 4LY
12 July 2024

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Notes:

The following notes explain your general rights as a Shareholder and your right to attend and vote at this meeting or to appoint someone else to vote on your behalf.

1. To be entitled to attend and vote at the meeting (and for the purposes of the determination by the Company of the number of votes they may cast), Shareholders must be registered in the Register of Members of the Company at the close of trading on 8 August 2024 or, if the meeting is adjourned, at the close of trading on the day that is two days before the adjourned meeting. Changes to the Register of Members after the relevant deadline shall be disregarded in determining the rights of any person to attend and vote at the meeting.
2. Shareholders can appoint the Chair of the meeting or the Company Secretary as their proxy. If you select to appoint the Chair of the meeting or the Company Secretary as your proxy, the Chair of the meeting will act as your proxy. If it is apparent to the Chair that no members of the Company will be present in person or by proxy, other than by proxy in the Chair's favour, the Chair may appoint the Company Secretary as their substitute to act as proxy in their stead for any member, provided that the Company Secretary shall vote on the same basis as the Chair. Shareholders are entitled to appoint another person as a proxy to exercise all or part of their rights to attend and to speak and vote on their behalf at the meeting. A Shareholder may appoint more than one proxy in relation to the meeting provided that each proxy is appointed to exercise the rights attached to a different Ordinary Share or Ordinary Shares held by that Shareholder. A proxy need not be a Shareholder of the Company.
3. In the case of joint holders, where more than one of the joint holders purports to appoint a proxy, only the appointment submitted by the most senior holder will be accepted. Seniority is determined by the order in which the names of the joint holders appear in the Company's Register of Members in respect of the joint holding (the first names being the most senior).
4. A vote withheld is not a vote in law, which means that the vote will not be counted in the calculation of votes for or against the resolution. If no voting indication is given, your proxy will
   vote or abstain from voting at his or her discretion. Your proxy will vote (or abstain from voting) as he or she thinks fit in relation to any other matter which is put before the meeting.
5. You can vote:
6. 1. By logging on towww.signalshares.comand following the instructions; or
   2. By requesting a hard copy form of proxy directly from the Company's registrars, Link Group, on Tel: [phone]. Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. Lines are open between 09:00 - 17:30, Monday to Friday excluding public holidays in England and Wales. Hard copy proxy forms should be returned by post, by courier or by hand to PXS 1, Link Group, Central Square, 29 Wellington Street, Leeds, LS1 4DL; or
   3. In the case of CREST members, by utilising the CREST electronic proxy appointment service in accordance with the procedure set out below.

In each case the Proxy Appointment must be received by Link Group by 12:00 noon on 8 August 2024 or, if the meeting is adjourned, 48 hours (excluding days that are not business days) before the time of the adjourned meeting.

1. If you return more than one Proxy Appointment, either by paper or electronic communication, the appointment received last by Link Group before the latest time for the receipt of proxies will take precedence. You are advised to read the terms and conditions of use carefully. Electronic communication facilities are open to all Shareholders and those who use them will not be disadvantaged.
2. The return of a completed form of proxy, electronic filing or any CREST Proxy Instruction (as described in note 9 below) will not prevent a Shareholder from attending the meeting and voting in person if he/she is permitted and wishes to do so. If you have appointed a proxy and attend the meeting in person, your proxy appointment will be automatically terminated.
3. Unless otherwise indicated on the form of proxy, CREST or any other electronic voting instruction, the proxy will vote as they think fit or, at their discretion, withhold from voting.

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