AFINE INVESTMENTS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

AFINE INVESTMENTS LIMITED
(Approved as a REIT by the JSE)
(Incorporated in the Republic of South Africa)
Registration number 2020/852422/06
JSE share code: ANI      ISIN: ZAE000303947
(“the Company” or “Afine”)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are advised that, at the Annual General Meeting (“AGM”) of Afine shareholders held on
Wednesday, 23 August 2023, convened in terms of the notice of AGM included in the Company’s
integrated annual report for the year ended 28 February 2023, the results of voting at the AGM are as
follows:

-   Total number of Afine ordinary shares in issue at the date of the AGM: 72 536 585.
-   Total number of Afine ordinary shares that were present/represented at the AGM: 71 179 823, being
    98.13% of the total number of ordinary shares that could have voted at the AGM.

The resolutions proposed at the AGM, together with the percentage of votes carried for and against
each resolution, are set out below:

                                                                               Abstain
                                                                                 (% of
                                                                                issued     Total Votes
                                                          For      Against       share      (excluding
Resolution proposed                                         %            %     capital)    abstentions)

Ordinary resolution number 1: Presentation
and acceptance of annual financial                 71 179 823         0           0         71 179 823
statements                                         (100.00%)       (0.00%)     (0.00%)

Ordinary resolution number 2: Director             71 179 823         0           0         71 179 823
appointment: G du Preez                            (100.00%)       (0.00%)     (0.00%)

Ordinary resolution number 3: Director             71 179 823         0           0         71 179 823
retirement and re-election: MJ Watters             (100.00%)       (0.00%)     (0.00%)

Ordinary resolution number 4: Re-appointment       71 179 823         0           0         71 179 823
and remuneration of auditors                       (100.00%)       (0.00%)     (0.00%)

Ordinary resolution number 5: Re-appointment       71 179 823         0           0         71 179 823
of Audit and Risk Committee member: D Kohler       (100.00%)       (0.00%)     (0.00%)

Ordinary resolution number 6: Re-appointment       71 179 823         0           0         71 179 823           
of Audit and Risk Committee member: MJ Wattrs      (100.00%)       (0.00%)     (0.00%)

Ordinary resolution number 7: Appointment of       71 179 823         0           0         71 179 823
Audit and Risk Committee member: G du Preez        (100.00%)       (0.00%)     (0.00%)
                                                                            
Ordinary resolution number 8: Endorsement of       71 179 823         0           0         71 179 823
Afine’s Remuneration Policy                        (100.00%)       (0.00%)     (0.00%)

Ordinary resolution number 9: Endorsement of       71 179 823         0           0         71 179 823
the implementation of Afine’s Remuneration Policy    (100.00%)     (0.00%)     (0.00%)

Special resolution number 1: General authority     71 179 823         0           0         71 179 823
to allot and issue shares for cash                 (100.00%)       (0.00%)     (0.00%)

Special resolution number 2: Authority to issue    71 174 023       5 800         0         71 179 823
shares, securities convertible into shares or       (99.99%)       (0.01%)     (0.00%)             
rights that may exceed 30% of the voting          
power of the current issued share capital

Special resolution number 3: Non-Executive         71 179 823         0           0         71 179 823
directors’ remuneration                            (100.00%)       (0.00%)     (0.00%)

Special resolution number 4: General authority     71 179 823         0           0         71 179 823
to provide financial assistance for the            (100.00%)       (0.00%)     (0.00%)
subscription and/or purchase of securities in      
the company or in related or inter-related     
companies

Special resolution number 5: General authority    71 179 823          0           0         71 179 823
to provide financial assistance to related and    (100.00%)        (0.00%)     (0.00%)
inter-related companies and corporations         


By Order of the Board
Cape Town
24 August 2022

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 24-08-2023 11:45:00
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