SOVEREIGN FOOD INVESTMENTS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

Sovereign Food Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1995/003990/06)
Share code: SOV
ISIN: ZAE000009221
(“Sovereign” or the “Company”)

RESULTS OF ANNUAL GENERAL MEETING

Sovereign shareholders (“Shareholders”) are advised that at the sixteenth Annual General Meeting
(“AGM”) of Shareholders held on Wednesday, 12 August 2015, with the exception of ordinary
resolution number 4.4 relating to the appointment of Mr CP Davies as a member of the Audit and Risk
Committee, which was withdrawn prior to the commencement of the AGM, all the ordinary and special
resolutions, as set out in the notice of AGM and tabled for voting, were approved by the requisite
majority of Shareholders present or represented by proxy.

The total number of Sovereign shares eligible to be voted on at the AGM was 74 662 466.

All resolutions proposed at the AGM, together with the percentage of shares abstained, as well as the
percentage of votes carried for and against each resolution, are as follows:

Ordinary resolution number 1: Adoption of the annual financial statements

Shares Voted            Abstained               For                     Against

49 144 867              0.0345%                 96.9477%                3.0523%
(65.8227%)



Ordinary resolution number 2.1 to 2.2: Re-election of the following non-executive directors who are
due to retire as directors of the board by rotation:

Ordinary resolution number 2.1: Re-election of CP Davies

Shares Voted            Abstained               For                     Against

47 668 835              2.0114%                 94.5333%                5.4667%
(63.8458%)



Ordinary resolution number 2.2: Re-election of Prof MP Madi

Shares Voted            Abstained               For                     Against

45 541 594              4.8606%                 92.3833%                7.6167%
(60.9966%)


Ordinary resolution number 3: Re-election of Deloitte & Touche as auditors of the Company

Shares Voted            Abstained               For                     Against

49 038 867              0.1765%                 100.0000%               0.0000%
(65.6807%)



Ordinary resolution number 4.1 to 4.3: Election of the following independent non-executive
directors as members of the Audit and Risk Committee

Ordinary resolution number 4.1: Appointment of LM Nyhonyha (Chairman)

Shares Voted            Abstained               For                     Against

47 041 626              2.8515%                 100.0000%               0.0000%
(63.0057%)



Ordinary resolution number 4.2: Appointment of T Pritchard

Shares Voted            Abstained               For                     Against

49 168 867              0.0024%                 100.0000%               0.0000%
(65.8549%)



Ordinary resolution number 4.3: Appointment of JA Bester

Shares Voted            Abstained               For                     Against

47 041 626              2.8515%                 99.0544%                0.9456%
(63.0057%)



Ordinary resolution number 5: To pass a non-binding advisory vote on the Company’s Executive
Remuneration Policy

Shares Voted            Abstained               For                     Against

49 168 867              0.0024%                 62.5364%                37.4636%
(65.8549%)



Special resolution number 1: Approval of the fees payable to non-executive directors of the
Company

Shares Voted            Abstained               For                     Against

49 168 867              0.0024%                 83.0590%                16.9410%
(65.8549%)


Special resolution number 2: General authority to repurchase shares

Shares Voted            Abstained               For                      Against

49 168 867              0.0024%                 94.7689%                 5.2311%
(65.8549%)


Notes
   -    Percentages of shares voted are calculated in relation to the total issued share capital of
        Sovereign eligible to vote.
   -    Percentage of shares for and against are calculated in relation to the total number of shares
        voted at the AGM.
   -    Abstentions are calculated as a percentage in relation to the total issued share capital of
        Sovereign eligible to vote.


Port Elizabeth
12 August 2015

Sponsor
One Capital

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