Henderson Far East Income : Notice of Meeting

Henderson Far East Income Limited Notice of 2023 Annual General Meeting

Henderson Far East Income Limited Annual General Meeting

Letter from the Chairman

Dear Members

I hope that you will be able to attend the Company's 16th Annual General Meeting (the 'Meeting' or 'AGM') to be held on Friday 27 January 2023 at 11.00am at 201 Bishopsgate, London, EC2M 3AE, the o†ces of Janus Henderson Investors.

Our Fund Managers, Mike Kerley and Sat Duhra, will give a presentation at the Meeting and there will be opportunities to ask questions. Members are invited to join the Board and the Fund Managers for light refreshments after the o†cial business of the Meeting has concluded.

For those unable to travel, the Meeting will be streamed live on the internet: www.janushenderson.com/trustslive. No live voting will be available via this medium so members not attending the physical AGM are encouraged to submit their votes via proxy, or through their share dealing platform, ahead of the respective deadlines.

The Notice of Meeting is set out on pages 1 and 2 of this document and a map showing the venue for the Meeting is provided on page 2. Further details of each of the resolutions to be proposed at the Meeting are set out in the explanatory notes on pages 3 and 4. I also refer you to the Company's annual report and audited -nancial statements for the year ended 31 August 2022. These are available on the Company's website, www.hendersonfareastincome.com, and printed copies are being sent, with this document, to those members who have requested this and are available, on request, to those who have not. Any changes to the format of the Meeting will be noti-ed to members via a Regulatory Information Service announcement.

The Board considers that the resolutions to be proposed at the Meeting are in the best interests of the Company's members and therefore recommends to members that they vote in favour of each of the resolutions, as the directors intend to do in respect of their own bene-cial holdings.

Yours faithfully

Ronald Gould

Chairman

9 November 2022

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.

If you are in any doubt as to what action you should take, you should consult your stockbroker, solicitor, accountant or other independent -nancial adviser authorised under the Financial Services and Markets Act 2000 if you are resident in the UK, the Financial Services (Jersey) Law 1998 if you are resident in Jersey, or if you are resident elsewhere, from another appropriately independent -nancial adviser in your own jurisdiction.

If you have sold, transferred or otherwise disposed of all your shares in Henderson Far East Income Limited (the 'Company'), please pass this circular and the accompanying Form of Proxy to the stockbroker, bank or other agent through whom you made the sale, transfer or disposal for transmission to the purchaser or transferee, except that such documents should not be sent to any jurisdiction under any circumstances where to do so might constitute a violation of local securities laws and regulations. If you have sold or transferred or otherwise disposed of only part of your holding of shares in the Company, you should retain this circular and the accompanying Form of Proxy and consult the stockbroker, bank or other agent through whom you made the sale, transfer or disposal.

Henderson Far East Income Limited Annual General Meeting

1

Henderson Far East Income Limited

(a closed end investment company registered with limited liability in Jersey under the Companies (Jersey) Law 1991 with registered number 95064)

Notice of Annual General Meeting

Notice is hereby given that the 16th Annual General Meeting of Henderson Far East Income Limited ('the Company') will be held at 201 Bishopsgate, London, EC2M 3AE on Friday 27 January

2023 at 11.00am for the transaction of the following business:

Ordinary resolutions

• To receive the annual report and audited ‡nancial statements for the year ended 31 August 2022.

• To approve the Directors' Remuneration Report for the year ended 31 August 2022.

• To re-elect Mr Ronald Gould as a director of the Company.
  4 To re-elect Mrs Julia Chapman as a director of the Company. 5 To re-elect Mr Timothy Clissold as a director of the Company. 6 To re-elect Mr Nicholas George as a director of the Company. 7 To re-elect Mr David Mashiter as a director of the Company.
  8 To appoint PricewaterhouseCoopers LLP as the auditors.

• To authorise the directors to determine the auditors' remuneration.

1. To approve the Company's dividend policy of paying four quarterly interim dividends.
2. THAT, the Company be and is hereby generally and unconditionally authorised to hold up to 10% of the Company's own shares (whether purchased pursuant to Resolution 12 or otherwise) as treasury shares pursuant and subject to Articles 58A and 58B of the Companies (Jersey) Law 1991, as amended.

Special resolutions

12 THAT, the Company be and is hereby generally and unconditionally authorised to make one or more market purchases on a stock exchange of, and to cancel, or (subject to resolution 11) hold as treasury shares, ordinary shares of no par value in the capital of the Company ('shares'), pursuant to Article 57 of the Companies (Jersey) Law 1991, as amended (the 'Law'), provided that:

1. the maximum number of shares hereby authorised to be purchased is 14.99% of the issued share capital of the Company as at the date of the passing of this resolution;
2. the maximum price, exclusive of expenses, which may be paid for a share shall not be more than the higher of
3. 1. an amount equal to 105% of the average of the middle market quotations for a share taken from the Ožcial List for the ‡ve business days immediately preceding the day on which the share is purchased; and
   2. the higher of the last independent trade and the highest current independent bid as stipulated by Commission-adopted Regulatory Technical Standards pursuant to Article 5(6) of the Market Abuse Regulation;
4. the minimum price, exclusive of expenses, which may be paid for a share is one penny;
5. the directors of the Company can, prior to each such purchase, make the solvency statement required by the Law and ful‡l all other requirements of the Law in relation to purchases of a company's own shares; and
6. the authority hereby conferred shall expire at the conclusion of the next annual general meeting of the Company or, if earlier, on the expiry of 15 months from the passing of this resolution, unless such authority is renewed prior to such time.

• Henderson Far East Income Limited Annual General Meeting

Notice of Annual General Meeting

continued

13 THAT, the directors are authorised to allot Equity Securities on a non-pre-emptive basis up to a number equivalent to 10% of the total number of shares in issue as at the date of this resolution, provided that such authority shall expire (unless and to the extent previously revoked, varied or renewed by the Company in general meetings by special resolution)

at the earlier of the conclusion of the next annual general meeting or 15 months from the date of this resolution but so that this power shall enable the Company to make o…ers or agreements before such expiry which would or might require equity securities to be issued after such expiry and the directors of the Company may issue Equity Securities in pursuance of any such o…er or agreement as if such expiry had not occurred.

By order of the Board

Janus Henderson Secretarial Services UK Limited Corporate Secretary

9 November 2022

Registered O"ce:

IFC1

The Esplanade

St. Helier

Jersey JE1 4BP

Venue

GREAT

ROAD

EASTERN

.

ST

CITY

SHOREDITCH

WORSHIP STREET

.

201 Bishopsgate

WORSHIP

London EC2M 3AE

STREET

ST

COMMERCIAL

FINSBURY SQ.

APPOLD

ST

.

CLIFTON

PRIMROSE ST.

NORTON

FOLGATE ST.

CHISWELL

STREET

.

FINSBURY SQ.

EARL ST.

.

.

PAVE

ST

FINSBURY

SUN

APPOLD

BISHOPSGATE

.

STREET

SPITALFIELDS

ROPEMAKER

STREET

STREET

SOUTH

WILSON

ST

BROADGATE

MARKET

STREET

CIRCLE

MOORGATE

BRUSHFIELD

PLACE

LIVERPOOL

ELDON

ST.

STATION

MIDDLESEX

CIRCUS

FINSBURY

BISHOPSGATE

LIVERPOOL

ST

STREET

LONDON

WALL

MIDDLESEX

HOUNDSDITCH

ST

.

The 16th Annual General Meeting will be held at Janus Henderson Investors' oces at 201 Bishopsgate, London EC2M 3AE. It is a few minutes walk from Liverpool Street Station and from Moorgate Underground Station.

ALDGATE

Henderson Far East Income Limited Annual General Meeting

3

Explanatory Notes

The information set out below is an explanation of the business to be considered at the Meeting. Members are recommended to view the Company's website www.hendersonfareastincome.com on which they can •nd the Company's annual report and •nancial statements.

Resolutions 1 to 11 are proposed as ordinary resolutions. This means that, for each of those resolutions to be passed, more than half of the votes cast must be in favour of the resolution. Resolutions 12 and 13 are proposed as special resolutions which require at least two thirds of the votes cast to be in favour of the resolution.

Resolution 1: Company's annual report and nancial statements (ordinary resolution)

The directors are required to present the annual report and audited •nancial statements for the year ended 31 August 2022, along with the Directors' Report and the Independent Auditors' Report to the Meeting.

Resolution 2: Approval of the Directors' Remuneration Report (ordinary resolution)

Members are requested to approve the Directors' Remuneration Report for the year ended 31 August 2022. The report is set out on pages 34 and 35 of the annual report. The vote is advisory and does not aƒect the remuneration payable to any individual director.

Resolutions 3 to 7: Re-election of directors (ordinary resolutions)

In accordance with provisions of the Code of Corporate Governance issued by the Association of Investment Companies, all of the directors seek re-election on an annual basis. Provisions of the Jersey Financial Services Commission require that two Jersey resident directors be appointed to the Board.

Resolution 3 relates to the re-election of Mr Ronald Gould, who was appointed to the Board on 28 October 2021 and became Chairman on 21 June 2022. Ronald is an investor and strategic consultant in the •nancial services sector in both Asia and Europe.

Resolution 4 relates to the re-election of Mrs Julia Chapman, who was appointed to the Board on 30 January 2015. Julia is a solicitor by profession with over 30 years' experience of the investment fund and capital markets sector. She is quali•ed in England and Wales, as well as Jersey. Julia is one of the two Jersey resident directors.

Resolution 5 relates to the re-election of Mr Timothy Clissold, who was appointed to the Board on 3 September 2018. Timothy is a quali•ed Chartered Accountant and has worked in Australia, Hong Kong and spent more than 20 years living and working in China, where he was co-founder of one of the •rst private equity groups in the country.

Resolution 6 relates to the re-election of Mr Nicholas George, who was appointed to the Board on 20 April 2016. Nicholas has a strong background in investment banking, specialising in Asian markets. He spent much of his career in Hong Kong and London.

Resolution 7 relates to the re-election of Mr David Mashiter, who was appointed to the Board on 6 November 2006. David has extensive investment management experience. He is the second of the Company's Jersey resident directors.

The Board has reviewed the performance and commitment of the directors standing for re-election and consider that each of them continue to bring wide-ranging, current and relevant business experience that allows them to contribute eƒectively to the leadership of the Company.

Furthermore, the Board is satis•ed that, having considered each directors' experience and the nature of, and anticipated demands on his or her time by their other business commitments, that each director is able to commit the time required to ful•l his or her responsibilities as a director of the Company.

All the directors are considered by the Board to be independent for the purposes of the Code of Corporate Governance issued by the Association of Investment Companies.

Directors' biographies can be found on pages 23 and 24 of the annual report.

Resolutions 8 and 9: Appointment and remuneration of the auditors (ordinary resolutions)

Members are required to approve the appointment of the Company's auditors each year and to give authority to the directors to determine their remuneration. In accordance with the EU Audit Directive and Regulation which sets out that the Company should conduct an audit tender every ten years, the Audit Committee carried out an audit tender process in the •rst half of 2022, more details of which can be found on page 32 of the Company's annual report. As a result of the tender, the Board are recommending the appointment of PricewaterhouseCoopers LLP ('PwC') as the statutory auditor for the year ending 31 August 2023. If agreed by members, their appointment will become eƒective from the date of the Meeting, replacing KPMG Channel Islands Limited who had served since 13 February 2023.

Resolutions 8 and 9 seek shareholder approval for the appointment of PwC as the Company's statutory auditor and for the directors to determine their remuneration.

Resolution 10: Approval of the dividend policy (ordinary resolution)

The directors seek members' approval of the Company's dividend policy, which is to pay four quarterly interim dividends. In the year ended 31 August 2022 these have totalled 23.80p per share. The vote is advisory as the directors have the ability under provisions of the articles to determine and approve the payment of interim dividends.