ACSION LIMITED - Results of Annual General Meeting and changes to the board

Results of Annual General Meeting and changes to the board

Acsion Limited
Incorporated in the Republic of South Africa
(Registration number 2014/182931/06)
Share code: ACS
ISIN: ZAE000198289
(“Acsion”)

RESULTS OF ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD

Results of annual general meeting

Shareholders are advised that the voting results for the annual general meeting (“AGM”) of Acsion held at
Acsion Offices on Thursday, 19 August 2021 were as follows:

 Resolution                             Number of    Percentage       For**   Against**     Abstained
                                          ordinary   of ordinary          %           %           ***
                                      shares voted     shares in                                    %
                                                          issue*
                                                               %
 Ordinary Resolution 1:               305 255 067          77.29     100.00         0.00          2.82
 Adoption of the Annual
 Financial Statements
 Ordinary Resolution 2:               305 255 067         77.29      100.00         0.00          2.82
 Adoption of the Audit and Risk
 Committee report
 Ordinary Resolution 3.1:             316 388 961         80.11      100.00         0.00          0.00
 Confirmation of T Jali as director
 Ordinary Resolution 3.2:             316 388 961         80.11      100.00         0.00          0.00
 Confirmation of D Sekete as
 director
 Ordinary Resolution 3.3:                                      Withdrawn
 Confirmation of M Hlobo as
 director
 Ordinary Resolution 4.1:                                      Withdrawn
 Reappointment of M Hlobo as a
 member of the Audit and Risk
 Committee
 Ordinary Resolution 4.2:             316 388 961         80.11      100.00         0.00          0.00
 Reappointment of D Sekete as a
 member of the Audit and Risk
 Committee
 Ordinary Resolution 4.3:             316 388 961         80.11      100.00         0.00          0.00
 Reappointment of T Jali as a
 member of the Audit and Risk
 Committee
 Ordinary Resolution 5:               305 255 067         77.29       99.88         0.12          2.82
 Appointment of auditor
 Ordinary Resolution 6:               316 388 961         80.11       96.36         3.64          0.00
 Specific authority to issue
 shares pursuant to a
 reinvestment of dividends
 Ordinary Resolution 7:               305 255 067         77.29      100.00         0.00          2.82
 Signature of documents
 Ordinary Resolution 8:               316 388 961          80.11      96.36         3.64          0.00
 General authority to issue
 shares for cash
 Advisory Vote 1:                     316 388 961          80.11      95.78         4.22          0.00
 Advisory endorsement of
 remuneration policy
 Advisory Vote 2:                     316 388 961          80.11      95.78         4.22          0.00
 Advisory endorsement of
 remuneration policy
 implementation
 Special Resolution 1:                316 388 961          80.11      100.00        0.00          0.00
 Approval of 2022 fees payable
 to non-executive directors
 Special Resolution 2:                316 388 961          80.11       96.36        3.64          0.00
 Share repurchase
 Special Resolution 3:                316 388 961          80.11       100.00       0.00          0.00
 Financial assistance to related
 and inter-related parties
 Special Resolution 4:                316 388 961          80.11        96.48       3.52          0.00
 Authority to issue shares to
 directors who elect dividend
 reinvestment options

*       Based on 394 959 976 shares in issue at the date of the AGM.
**      In relation to the total number of shares voted at the AGM.
***     In relation to the total number of shares in issue at the date of the AGM.

Based on the above voting results, all resolutions were passed by the requisite majority of Acsion
shareholders present in person or represented by proxy at the AGM.

Changes to the board

Shareholders are advised that Mrs M Hlobo has retired from the board of directors of Acsion and as a member of the
Company’s audit and risk committee with immediate effect. Following the above, the board will reconstitute the
audit and risk committee and a further announcement will be released in due course.

20 August 2021

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 20-08-2021 08:40:00
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