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SIGNATURE ALLEN F. GRUM
TITLE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<MULTIPLIER> 1,000
<S> <C>
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<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 6,929
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<NET-CHANGE-IN-ASSETS> (175)
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</TABLE>
Rand Capital Corporation
ANNUAL MEETING OF SHAREHOLDERS
APRIL 27, 1999
Inspector's Certificate, Results of Balloting
I, Daniel P. Penberthy, the Inspector of Election duly appointed and
qualified, being first duly sworn by the oath hereto annexed, do hereby certify
that prior to the Annual Meeting of Shareholders of Rand Capital Corporation,
held in Room 1734 of the Rand Building, Buffalo, New York, on the 27th day of
April, 1999, at which a quorum was present, I did receive and canvass the votes
cast by the shareholders, and that the following represents the results of
balloting:
1. ELECTION OF DIRECTORS: The following nominees received the number of votes
set opposite their respective names:
VOTES FOR VOTES WITHHELD
--------- --------------
Allen F. Grum 4,483,656 29,856
Luiz F. Kahl 4,483,656 29,856
Erland E. Kailbourne 4,472,656 40,856
Ross B. Kenzie 4,478,391 35,121
Willis S. McLeese 4,481,656 31,856
Reginald B. Newman II 4,483,656 29,856
Jayne K. Rand 4,483,656 29,856
2. RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS: The proposal to ratify
the appointment of Deloitte & Touche LLP as the independent auditors of the
Corporation for the 1998 fiscal year received the following votes:
FOR AGAINST ABSTAIN
--- ------- -------
4,492,353 17,601 3,558
IN WITNESS WHEREOF, I have hereunto set my hand this 26th day of April, 1999.
/s/ Daniel P. Penberthy
- ------------------------------
Daniel P. Penberthy, Inspector
Subscribed and sworn to before me
this 26th day of April 1999.
/s/ Evann S. Catalano
---------------------------------
Notary Public
Evann S. Catalano
Notary Public, State of New York
Qualified in Erie County
My Commission Expires May 4, 1999
4
