Result of AGM

THE INVESTMENT COMPANY PLC (the “Company”)

Result of Annual General Meeting

The Company announces that all resolutions put to shareholders at the Annual General Meeting held on 11 December 2015 were passed on a show of hands, including:

Resolution 7 (ordinary resolution): To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006 up to an aggregate nominal amount of £4,739,549, being 200% of the issued ordinary share capital of the Company at the date of the Notice of Meeting.

Resolution 9 (special resolution): To authorise the Directors to make market purchases of up to 710,458 of the Company’s own shares, representing 14.99% of the ordinary shares in issue, either for cancellation or placing into treasury.

Resolution 10 (special resolution): To hold general meetings (other than annual general meetings) on 14 clear days’ notice.

The proxy votes received in relation to these resolutions were as follows:

Resolutions	Votes For	Votes Against	Votes at Chairman’s Discretion	Votes Withheld
Resolution 1	465,004	0	506,380	0
Resolution 2	462,917	2,087	506,380	0
Resolution 3	336,077	127,040	508,267	0
Resolution 4	463,117	0	508,267	0
Resolution 5	463,117	0	508,267	0
Resolution 6	465,004	0	506,380	0
Resolution 7	463,117	0	508,267	0
Resolution 9	461,273	3,731	506,380	0
Resolution 10	464,004	1,000	506,380	0

A copy of the full text of the resolutions above will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

Resolution 8 was stated in error within the Notice of Annual General Meeting as an ordinary resolution, when in fact it should have been proposed as a special resolution. The result of this resolution would therefore have been invalid if it had been proposed and as such it was withdrawn.

The Company will shortly be writing to shareholders to convene a General Meeting to re-propose this as a special resolution as required by the Companies Act 2006.