Result of AGM

RNS Number : 3234J

India Capital Growth Fund Limited

08 September 2016

India Capital Growth Fund Limited (the "Company")

(a closed-ended investment company incorporated with limited liability under the Laws of Guernsey with registered number 43916)

8 September 2016

Result of the 2016 Annual General Meeting

At the Annual General Meeting of the Company held on 8 September 2016, all Ordinary Resolutions set out in the AGM Circular & Notice sent to shareholders dated 11 August 2016 were duly passed.

Details of the proxy voting results which should be read alongside the AGM Circular & Notice are noted below:

Ordinary Resolution	Votes For	Votes Against	Abstain
1	78,360,363	0	0
2	78,360,363	0	0
3	53,754,322	24,606,041	0

In respect of the Special Resolution 4 relating to renewal of the authority of the Company to make market purchases up to 14.99 per cent of its issued share capital, the resolution was withdrawn on the basis of proxy voting results received of 53,754,322 votes in favour and 24,606,041 votes against.

Enquiries:

Ocean Dial Asset Management Limited (Investment Manager)

Robin Sellers

David Cornell 020 7802 8900

Grant Thornton UK LLP (NOMAD)

Philip Secrett

Jen Clarke 020 7383 5100

Numis Securities Limited (Broker)

Nathan Brown

Hugh Jonathan 020 7260 1000

Apex Fund Services (Guernsey) Limited (Administrator)

Stephen Cuddihee 01481 706999