ASCENDIS HEALTH LIMITED - Results of the annual general meeting and change to the board of directors

Results of the annual general meeting and change to the board of directors

Ascendis Health Limited
(Registration number 2008/005856/06)
(Incorporated in the Republic of South Africa)
Share code: ASC
ISIN: ZAE000185005
("Ascendis Health" or "the Company")


RESULTS OF THE ANNUAL GENERAL MEETING AND CHANGE TO THE BOARD OF
DIRECTORS


RESULTS OF THE AGM

Shareholders are hereby advised that the annual general meeting of the Company was held at
11:00 today, 30 November 2023, via electronic communication ("AGM").

Shareholders are further advised that at the 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:

Resolutions             Shares             Shares         Votes for    Votes        Shares
proposed at the AGM     voted at           voted (%) 1    resolution   against      abstained
                        General                           (%) 2        resolution   (%)1
                        Meeting                                        (%) 2
                        (number)

Ordinary resolution     361 507 072        57.77%         94.44%       5.56%         9.86%
number 1:
Appointment of
auditors

Ordinary resolution     422 193 735        67.47%         96.36%       3.64%         0.16%
number 2: Re-election 
of retiring non-
executive director,
Amaresh Chetty

Ordinary resolution      N/A               N/A             N/A          N/A          N/A
number 3: Re-election
of retiring non-
executive director,
Lawrence Mulaudzi

Ordinary resolution      423 193 735       67.63%          96.37%       3.63%        0.002%
number 4.1:
Appointment of
Amaresh Chetty as a
member of the audit
and risk committee

Ordinary resolution      423 193 735       67.63%          80.67%       19.33%       0.002%
number 4.2: 
Appointment of Dr
Karsten Wellner as a
member of the audit
and risk committee

Ordinary resolution      423 193 735       67.63%          95.36%       4.64%        0.002%
number 4.3:
Appointment of Bharti
Harie as a member of
the audit and risk
committee

Ordinary resolution      423 193 735       67.63%          76.90%       23.10%        0.002%
number 5: General
authority
to issue shares for
cash

Ordinary resolution      361 507 072       57.77%          94.17%        5.83%        9.86%
number 6:
Endorsement of
Ascendis Health
Remuneration policy

Ordinary resolution      361 507 072       57.77%          94.16%        5.84%        9.86%
number 7: 
Endorsement of
Ascendis Health
Remuneration
implementation report

Special resolution        361 507 072       57.77%          95.48%        4.52%        9.86%
number 1: Approval of
non-executive
directors' remuneration

Special resolution        422 193 735       67.47%          77.94%        22.06%       0.16%
number 2: Approval of
financial assistance in
terms of section 44 of
the Act

Special resolution        422 193 735       67.47%          80.63%        19.37%       0.16%
number 3: Approval of
financial assistance in
terms of section 45 of
the Act

Special resolution        360 507 072       57.61%          94.60%         5.40%        10.02%
number 4: General
authority to repurchase
shares


Note:
1. As a percentage of the total number of shares in issue as at the date of the AGM (excluding
   treasury shares).
2. As a percentage of the total number of shares voted at the AGM.
3. The total number of shares in issue as at the date of the AGM was 632 469 959 ordinary
   shares of which 6 720 089 were treasury shares. Accordingly, the total votable shares were
   625 749 870 ordinary shares.
4. Ordinary resolution number 3 has been withdrawn as Mr Lawrence Mulaudzi did not make
   himself available for re-election as a director.

CHANGES TO THE BOARD OF DIRECTORS

In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited and as a
result of ordinary resolution number 3 being withdrawn, shareholders are hereby advised that 
Mr Lawrence Mulaudzi is no longer an independent non-executive director of the Company, with
effect from today, 30 November 2023.

The board of the Company wishes to thank Mr Lawrence Mulaudzi for his contributions to
Ascendis during his tenure of service and wishes him well in his future endeavours.


30 November 2023
Johannesburg

Sponsor
Valeo Capital (Pty) Limited

Date: 30-11-2023 01:10:00
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