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<PAGE>
SIGNATURE THOMAS G. ROSE
TITLE TREASURER
PROXY RESULTS
Tri-Continental Corporation Stockholders voted on the following proposals at
the Annual Meeting of Stockholders on May 20, 1999, in Palm Beach, Florida. The
description of each proposal and the voting results are stated below. Each
nominee for Director was elected, the selection of Deloitte & Touche LLP as
auditors for 1999 was ratified, and the proposal to amend the Charter to
increase the number of authorized shares of Common Stock was approved. None of
the Stockholder proposals passed.
For Withheld
--------- ---------
Election of Directors:
John E. Merow 88,966,268 3,296,791
Betsy S. Michel 88,954,818 3,308,241
James C. Pitney 88,926,961 3,336,098
James N. Whitson 89,019,240 3,243,819
<TABLE>
<CAPTION>
Broker
For Against Abstain Non-Vote
---------- ---------- --------- ----------
<S> <C> <C> <C> <C>
Ratification of Deloitte &
Touche LLP as auditors 90,501,055 897,898 864,106 n/a
Approval of Amendment to the
Charter to increase the number
of authorized shares of
Common Stock 85,208,340 5,752,918 1,301,801 n/a
Stockholder proposal relating to:
1) Open-ending 9,145,517 55,133,427 3,101,430 24,882,685
2) Additional qualifications
for potential Directors 10,712,690 53,426,811 3,240,873 24,882,685
3) Removal of J. &W. Seligman
& Co. Incorporated
as Manager 7,322,615 56,130,316 3,927,443 24,882,685
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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