ETION LIMITED - Results of the annual general meeting

Results of the annual 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 ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting of the Company held via a
remote interactive electronic platform at 10:00 today, 14 December 2022 (“AGM”), all of the
resolutions were passed by the requisite majorities of the Company’s shareholders.

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

                                                   Votes
                              Votes for          against
                          resolution as    resolution as                       Number of       Number of
                           a percentage     a percentage                    shares voted          shares
                               of total         of total                     at AGM as a    abstained as
                              number of        number of        Number of     percentage    a percentage
 Resolutions               shares voted     shares voted     shares voted   of shares in    of shares in
 proposed at the AGM             at AGM           at AGM           at AGM         issue*          issue*
 Ordinary resolution
 number 1:
 Re-election of Martie
 Janse van Rensburg
 who retires by rotation           100%            0.00%      261 840 258        46.39%            0.19%
 Ordinary resolution
 number 2:
 Re-election of Elvin de
 Kock who retires by
 rotation                          100%            0.00%      261 840 258        46.39%            0.19%
 Ordinary resolution
 number 3:
 Election of Zuziwe
 Ntsalaze                        99.98%            0.02%      255 191 807        45.21%            1.37%
 Ordinary resolution
 number 4:
 Re-appointment of
 Martie Janse van
 Rensburg as member
 and chairperson of the
 Audit and Risk
 Committee                         100%            0.00%      261 840 257        46.39%            0.19%
 Ordinary resolution
 number 5:
 Appointment of Zuziwe
 Ntsalaze as member
 of the Audit and Risk
 Committee                       99.98%            0.02%      255 191 807        45.21%            1.37%
 Ordinary resolution
 number 6:
 Re-appointment of                 100%            0.00%      261 840 258        46.39%            0.19%
 Coenraad Petrus
 Bester as member of
 the Audit and Risk
 Committee
 Ordinary resolution
 number 7:
 Re-appointment of
 PwC as external
 auditor                           100%            0.00%      261 840 258        46.39%            0.19%
 Ordinary resolution
 number 8:
 Non-binding
 endorsement of Etion
 Limited’s
 Remuneration Policy             99.98%            0.02%      261 836 257        46.39%            0.19%
 Ordinary resolution
 number 9:
 Non-binding
 endorsement of Etion
 Limited’s
 Implementation Report           99.99%            0.01%      261 836 257        46.39%            0.19%
 Special resolution
 number 1:
 Remuneration of Non-
 Executive Directors             99.76%            0.24%      262 426 258        46.50%            0.08%
 Special resolution
 number 2:
 Remuneration of Non-
 Executive Directors for
 ad hoc board
 committees                      99.76%            0.24%      262 426 257        46.50%            0.08%

Note:
*Total number of shares in issue as at the date of the AGM was 564 411 033.

Pretoria
14 December 2022

Designated Advisor
PSG Capital

Date: 14-12-2022 02:00:00
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