eXtract GROUP LIMITED - Report on proceedings at the annual general meeting and change to the board of directors

Report on proceedings at the annual general meeting and change to the board of directors

eXtract Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
ISIN: ZAE000223202
Share code: EXG
(“eXtract” or “the Company”)

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING AND CHANGE TO THE BOARD OF DIRECTORS

At the eighth (8th) annual general meeting (“AGM”) of the shareholders of eXtract held yesterday, 24
November 2016, all the ordinary and special resolutions proposed were approved by the requisite majority of
votes.

Shareholders are advised that Messrs. PN Mageza, LL Von Zeuner, MJ Croucamp, TDA Ross, AJ Phillips and VJ
Mokoena and Mrs Mtbembi-Mahanyele tendered their resignations as a non-executive directors of the
Company, with effect from 24 November 2016.

eXtract confirms the voting statistics from the AGM as follows:

Shares voted in relation to the total issued share capital:

Number of shares voted                       Total issued share capital                      Percentage shares voted

320 395 303                                  506 902 997                                     63%

                                                            Votes carried disclosed as a percentage in          Shares abstained
                                                       relation to the total number of shares voted at            disclosed as a
                                                                                           the meeting             percentage in
                                                                                                           relation to the total
                                                            For                    Against                  issued share capital
                                                                                                            
1. Election of Mr ZB Swanepoel as director          320 322 939         100%             1          0%        72 363       0.01%
2. Election of JL Serfontein as director            296 917 864       92.69%    23 405 076       7.31%        72 363       0.01%
3. Re-appointment of Deloitte & Touche as
   external auditors                                320 322 940         100%             -          0%        72 363       0.01%
     
4. Appoint CS Halsey as audit committee
   member                                           320 322 940         100%             -          0%        72 363       0.01%
     
5. Appoint SA Nkosi as audit committee
   member                                           320 322 940         100%             -          0%        72 363       0.01%
    
6. Appoint OM Matloa as audit committee
   member                                           318 322 473       99.38%       2 00467       0.62%        72 363       0.01%
    
7. Remuneration policy                              288 501 047       93.09%    21 404 609       6.91%    10 489 647       2.07%
8. General authority                                319 601 064        99.98        51 368          0%       742 871       0.15%
9. Special resolution 1 – Increase non-
   executive fees                                   257 282 667       83.02%    52 622 189      16.98%    10 490 447       2.07%
     
10. Special resolution 2 – Increase non-
    executive committee fees                        309 901 356       99.99%         3 500       0.01%    10 490 447       2.07%
     
11. Special resolution 3 – General authority to
    repurchase shares                               309 953 289       96.75%    10 416 101       3.25%        25 913          0%
     
12. Special resolution 4 – Financial assistance
    per Section 44 of the Companies Act             320 323 330         100%             -          0%        71 973       0.01%
     
13. Special resolution 5 – Financial assistance
    per Section 45 of the Companies Act             320 323 330         100%             -          0%        71 973       0.01%
     

Kempton Park
25 November 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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