THE INVESTMENT COMPANY PLC (the "Company")

    Result of General Meeting

    The Company announces that the resolution put to shareholders at the General
    Meeting held on 28 January 2016 was passed on a show of hands.

    Resolution 1 (special resolution): To authorise the Directors to allot ordinary
    shares for cash pursuant to Sections 570 and 573 of the Companies Act 2006
    otherwise than in accordance with statutory pre-emption rights.

    The proxy votes received in relation to this resolution were as follows:

    Resolutions           Votes For  Votes Against     Votes at        Votes
                                                     Chairman's     Withheld
                                                     Discretion             
                                                                            
    Resolution 1            797,041            225        1,119            0

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