THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the action you should take, you should seek your own personal financial advice from your stockbroker, bank manager, solicitor, accountant, or other financial advisor authorised under the Financial Services and Markets Act 2000. If you have sold or otherwise transferred all your ordinary shares, please send this document, together with the accompanying documents, 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 delivery to the purchaser or transferee. The distribution of this document in jurisdictions other than the United Kingdom may be restricted by the laws of those jurisdictions and therefore persons into whose possession this document comes should inform themselves about and observe any such restrictions. Failure to comply with any such restrictions may constitute a violation of the securities law of any such jurisdiction. LondonMetric Property Plc (incorporated and registered in England and Wales under company registration number 7124797) Notice of Annual General Meeting Transfer of Listing Category Your attention is drawn to the letter from the Chairman of LondonMetric Property Plc which contains the unanimous recommendation of the Directors that you vote in favour of the resolutions proposed at this Annual General Meeting. Notice of the Annual General Meeting of LondonMetric Property Plc to be held at 10.00 a.m. on 17 July 2014 at The Connaught, Carlos Place, Mayfair, London W1K 2AL is set out at the end of this document. A Form of Proxy for use at the Annual General Meeting is enclosed. To be valid, the Form of Proxy should be completed, signed and returned in accordance with the instructions printed on it to Capita Asset Services at PXS1, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4ZF as soon as possible but in any event so as to arrive no later than 10.00 a.m. 15 July 2014.
LondonMetric Property Plc (incorporated and registered in England and Wales under company registration number 7124797) One Curzon Street London W1J 5HB Patrick Vaughan, Executive Chairman Andrew Jones, Chief Executive Martin McGann, Finance Director Valentine Beresford, Investment Director Mark Stirling, Asset Director Humphrey Price, Non-executive Director Charles Cayzer, Senior Independent Non-executive Director Rosalyn Wilton, Non-executive Director Alec Pelmore, Non-executive Director Andrew Varley, Non-executive Director James Dean, Non-executive Director Philip Watson, Non-executive Director 18 June 2014 To the Shareholders of LondonMetric Property Plc Notice of Annual General Meeting and Transfer of Listing Category to Chapter 6, Commercial Company Dear Shareholder I am pleased to be writing to you with details of our Annual General Meeting ( “AGM” ) which we are holding at 10.00 a.m. on 17 July 2014 at The Connaught, Carlos Place, Mayfair, London W1K 2AL. The formal notice of AGM is set out on pages 9 to 12 of this document. The purpose of this letter is to explain certain elements of the business to be considered at the meeting and, in particular, our proposal to transfer the listing category of the whole of the Company’s issued share capital from a premium listed closed- ended investment fund under Chapter 15 of the Listing Rules, to a premium listed commercial company under Chapter 6 of the Listing Rules. Further details of the proposed transfer of listing category can be found at resolution 24 below. If you would like to vote on the resolutions but cannot come to the AGM, you can appoint a proxy to exercise all or any of your rights to attend, vote and speak at the AGM by using one of the methods set out in the notes to the notice of AGM. Appointing a proxy will not prevent you from attending and voting in person at the AGM. Resolution 1 – To receive the Annual Report and Accounts The Chairman will present the Annual Report and Accounts for the year ended 31 March 2014 to the meeting. The accounts were sent to shareholders with this document. Resolution 2 – Remuneration Committee Report Resolution 2 is an ordinary resolution to approve the Remuneration Committee report. Section 439 of the Companies Act 2006 (the “Companies Act” ) requires UK-incorporated listed companies to put their Remuneration Committee Report to an advisory shareholder vote. As the vote is advisory it does not affect the actual remuneration paid to any individual director. The Remuneration Committee Report is set out in full in the Annual Report and Accounts. Resolution 3 – Remuneration Policy Section 439A of the Companies Act, which came into force on 1 October 2013, requires UK-incorporated listed companies to have a forward looking policy on directors’ remuneration, which must be approved by a shareholder vote. The remuneration policy forms a separate part of the Remuneration Committee Report and appears on pages 72 to 77 of the Annual Report and Accounts. As this vote is binding, once the remuneration policy, as approved by shareholders, comes into effect, all remuneration payments or payments for loss of office by the Company to the directors and any former directors must be made in accordance with the policy (unless such a payment has been separately approved by a further shareholder resolution). Resolution 3 is an ordinary resolution to approve the remuneration policy. It is proposed that the remuneration policy will come into effect immediately following the AGM. 2 LondonMetric Property Plc Notice of Annual General Meeting 2014
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