NORTH EUROPEAN OIL ROYALTY TRUST : Submission of Matters to a Vote of Security Holders (form 8-K)

Item 5.07. Submission of Matters to a Vote of Security Holders.

The Annual Meeting of Unit Owners of North European Oil Royalty Trust (the "Trust") was held on February 15, 2023 (the "Annual Meeting"). A total of 2,544,279 Units were represented in person or by valid proxy at the Annual Meeting. Unit Owners voted on the following three proposals at the Annual Meeting and cast their votes as follows:

Proposal One:

The following persons were elected as Trustees of the Trust to serve until the
next Annual Meeting of Unit Owners, by the votes set forth in the following
table:

                                                         Broker
                                        For    Withheld Non-Votes
                  Robert P. Adelman  2,358,793 185,486      0
                  Ahron H. Haspel    2,388,758 155,521      0
                  Lawrence A. Kobrin 2,210,248 334,031      0
                  Nancy J. Prue      2,391,416 152,863      0
                  Willard B. Taylor  2,390,043 154,236      0



Proposal Two:

The Unit Owners approved, on an advisory (non-binding) basis, the compensation of the Trust's Managing Director as described in the Trust's Proxy Statement for the Annual Meeting, by the votes set forth in the following table:

                                                    Broker
                        For        Against Abstain Non-Votes
                         2,225,589 199,567 119,123     0


Proposal Three:

The Unit Owners voted, on an advisory (non-binding) basis, to hold an advisory (non-binding) vote on the frequency of the advisory vote on the compensation of the Trust's Managing Director every year, by the votes set forth in the following table:

                                                          Broker
                 One Year  Two Years Three Years Abstain Non-Votes
                 1,953,790  54,171     153,680   382,638     0

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