15 March 2022

CQS Natural Resources Growth and Income plc (the 'Company')

Legal Entity Identifier: 549300ES8CNIK2CQR054

Directorate Change

CQS Natural Resources Growth and Income plc announces that Richard Prickett, Chair of the Board, has given notice that he will be stepping down from his role with effect from 31 March 2022, as noted in the Company's Half Year Report published on 11 March 2022.

Helen Green will succeed Richard as Chair of the Board and Christopher Casey will become Chair of the Audit Committee from 31 March 2022. As a result of these changes, the Board is actively involved in a search to appoint an additional Non-Executive Director and will announce the outcome in due course.

Richard Prickett, outgoing Chair, said: "It has been a privilege to lead the Board of CQS Natural Resources Growth and Income over the past 4 years. I am proud of our journey over that time, resulting in strengthened governance, an articulated approach to ESG, and augmented shareholder engagement. Helen is an excellent successor, and I am confident that she has the expertise and skills to successfully lead the Board."  

Helen Green, Chair Elect, said: "It is an honour to take on the role of Chair and I look forward to working with the Board and the management team to continue to deliver on our objective to provide shareholders with capital growth and income through natural resources exposure. On behalf of the Board, I would like to thank Richard for his steadfast guidance and tremendous contribution. We all wish him every success for the future."

Enquiries:

For Media
Tavistock
Tim Pearson / Tara Vivian-Neal
0207 920 3150

For the Investment Manager

CQS (UK) LLP

Craig Cleland

0207 201 5368

For the Company Secretary and UK Administrator

BNP Paribas Securities Services S.C.A. Jersey Branch

Dean Plowman

01534 813967

About CQS Natural Resources Growth and Income plc

CQS Natural Resources Growth and Income Trust plc (LSE: CYN) is a closed end investment company, providing shareholders with exposure to a broad portfolio of mining and resource-focused equities, aiming to deliver both steady dividend income and capital growth. The fund is run by experienced fund managers - Ian Francis, Keith Watson, and Rob Crayfourd, and seeks to gain optimal exposure to critical commodities (including base, precious, and battery metals, as well as energy and shipping) across a diverse range of geographies, thereby generating strong returns.

The portfolio:

The fund holds a core position in copper which remains a key material in the path to global electrification and the energy transition to net-zero carbon production, therefore displaying encouraging fundamentals for both the short- and long-term. This ties in with the fund's exposure to lithium, nickel and other base metals, which are proving particularly important for advancing battery storage capacity. With the global energy crisis ongoing, we have seen a strong rebound in the oil and gas price supporting our increased weighting. So too, in fiscal uncertainty, as witnessed over the last two years, precious metals like Gold, Silver and Platinum offer protection.