National Storage Mechanism | Additional information

ABRDN NEW DAWN INVESTMENT TRUST PLC

RESULTS OF THE ANNUAL GENERAL MEETING

Legal Entity Identifier: 5493002K00AHWEME3J36

At the Annual General Meeting of abrdn New Dawn Investment Trust plc held on 6 September 2022, all resolutions were passed by shareholders. The total number of proxy votes lodged was as follows:

Resolution	No of Votes For (incl discretionary)	% of Votes For (incl discretionary)	No of Votes Against	% of Votes Against	No of Votes Witheld	Total Votes Cast (Incl Withheld)
1. Receive Annual Report and Accounts	76,190,203	99.99%	5,222	0.01%	12,734	76,208,159
2. Receive and Adopt Directors' Remuneration Report (excl Directors' Remuneration Policy)	76,041,558	99.87%	96,557	0.13%	70,044	76,208,159
3. Approve final dividend	76,175,510	99.99%	4,969	0.01%	27,680	76,208,159
4. Re-elect Nicole Yuen	76,104,246	99.93%	55,935	0.07%	47,977	76,208,158
5. Re-elect Stephen Souchon	76,122,773	99.96%	32,491	0.04%	52,895	76,208,159
6. Re-elect Donald Workman	76,104,752	99.91%	66,747	0.09%	36,659	76,208,158
7. Re-elect Hugh Young	48,289,329	63.40%	27,875,440	36.60%	43,389	76,208,158
8. Re-elect Marion Sears	73,470,844	96.44%	2,709,288	3.56%	28,027	76,208,159
9. Re-appoint Johnston Carmichael LLP as Auditor	76,051,049	99.90%	76,422	0.10%	80,687	76,208,158
10. Authorise the Directors to Determine Auditor's Remuneration	76,104,971	99.94%	43,620	0.06%	59,568	76,208,159
11. Authorise the Directors to Allot Shares	76,073,145	99.91%	69,455	0.09%	65,558	76,208,158
12. Approve Disapplication of Pre Emption Rights	76,044,013	99.88%	92,438	0.12%	71,708	76,208,159
13. Authorise the Company to Purchase its Own Shares	76,090,795	99.91%	71,317	0.09%	46,047	76,208,159
14. Adopt new articles of assocation	76,056,974	99.89%	85,536	0.11%	65,648	76,208,158

The Board has noted that shareholder proxies representing 36.60% of the issued share capital voted against the annual re-election of Mr Hugh Young. The vast majority of these shares were voted by one shareholder who is not in favour of a representative of the Manager sitting on the Board.

The Board supports the democratic process which saw substantial support from shareholders with proxies representing 63.40% voting in favour of Mr Young's re-election to the Board. The Board notes that management representation on the Board is seen by some shareholders as negative due to concerns over conflicts of interest. However, the Directors value Mr Young's contribution and the perspective that he brings to the Board. The Board has a rigorous procedure in place to ensure that only independent Directors are permitted to be present when any matters relating to the Manager are discussed and this process is enforced strictly.

The full text of the resolutions can be found in the Notice of the Meeting set out in the Annual Report and Accounts for the year ended 30 April 2022, copies of which are available on the Company's website, www.newdawn-trust.co.uk*. The Annual Report has been submitted to the National Storage Mechanism and is available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism*

Enquiries:

Gordon Hay Smith

Aberdeen Asset Management PLC

Secretary

Tel. 0131 372 2200

*Neither the Company's website nor the NSM website nor the content of any website accessible from hyperlinks on those websites (or any other websites) are (or are deemed to be) incorporated into, or form (or are deemed to form) part of this announcement.