RNS Announcement

07:00: Director Appointment and Notice of AGM

INDIA CAPITAL GROWTH FUND LIMITED

Patrick Firth to be appointed non-executive Director

Notice of Annual General Meeting

India Capital Growth Fund Limited is pleased to announce that Patrick Firth will join the Board and become Chairman of the Audit Committee, subject to shareholder approval at the Annual General Meeting on 25 September 2020.  As previously disclosed John Whittle is standing down as Chairman of the Audit Committee and from the Board and will be retiring at the conclusion of the AGM.

Patrick Firth qualified as an accountant with KPMG and has worked in the investment and funds industry in operations and management in Guernsey for nearly 30 years.  Patrick Firth is a non-executive Director of ICG Longbow Senior Secured UK Property Debt Investments Limited, Riverstone Energy Limited and NextEnergy Solar Fund Limited and chairman of AIM traded GLI Finance Limited.

Elisabeth Scott, Chairman of India Capital Growth Fund, said:

“I am pleased that Patrick Firth is joining the board.  He has deep experience of the fund industry, and of quoted investment funds.  We look forward to welcoming him as we say thank you to John Whittle for his significant contribution over the years.”

The AGM will be held on 25 September 2020 at 10.00 a.m. at the registered office of the company at 1 Royal Plaza, Royal Avenue, St Peter Port, Guernsey, GY1 2HL.   A copy of the Shareholder Circular incorporating the Notice of the 2020 AGM is being sent to shareholders today and will shortly be available for inspection on the company’s website www.indiacapitalgrowth.com.

ENDS

AGM Arrangements

In light of the Covid 19 restrictions, shareholders are encouraged to vote by proxy instead of attending the AGM in person. Should this position change, the company will release an announcement prior to the AGM to confirm the position.