ETION LIMITED - Results of the General Meeting

Results of the General Meeting

 ETION LIMITED
 (Incorporated in the Republic of South Africa)
 Registration Number: 1987/001222/06
 Share Code: ETO
 ISIN: ZAE000257739
 (“Etion” or “the Company”)

RESULTS OF THE GENERAL MEETING

Shareholders are hereby advised that at the general meeting of the Company held
electronically today, 21 September 2022 at 09h00 (“GM”), all of the resolutions were passed
by the requisite majorities of the Company’s shareholders.

Details of the results of the voting at the GM are as follows:

                                              Votes
                           Votes for         against
                          resolution      resolution                    Number of     Number of
                                 as a            as a                      shares         shares
                         percentage      percentage                   voted at GM      abstained
                             of total        of total                         as a           as a
 Resolutions              number of       number of      Number of     percentage    percentage
 proposed at the             shares          shares          shares   of shares in   of shares in
 GM                     voted at GM     voted at GM     voted at GM         issue*        issue*
 Ordinary resolution
 number 1:
 Approval of the
 Disposal in terms of
 the JSE Listings
 Requirements                  100%              0%     392 564 623       69.55%          0.22%
 Special resolution
 number 1:
 Approval of the
 Disposal in terms of
 the Companies Act             100%              0%     392 564 623       69.55%          0.22%
 Special resolution
 number 2:
 Approval of fees to
 be paid to
 members of the
 Independent Board           99.82%           0.18%     393 163 623       69.66%          0.12%

Note
*Total number of shares in issue as at the date of the GM was 564 411 033.
Pretoria
21 September 2022

Transaction Adviser and Designated Adviser
PSG Capital

Date: 21-09-2022 02:20:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.