ACSION LIMITED - Results of annual general meeting and changes to the board

Results of annual general meeting and changes to the board

Acsion Limited
Incorporated in the Republic of South Africa
(Registration number 2014/182931/06)
Share code: ACS
ISIN: ZAE000198289
(“Acsion”)

RESULTS OF ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD

Results of annual general meeting

Shareholders are advised that the voting results for the annual general meeting (“AGM”) of Acsion held at
the Acsion offices on Tuesday, 31 July 2018 were as follows:

 Resolution                       Number of     Percentage        For**     Against**     Abstained***
                                   ordinary    of ordinary           %             %                %
                                     shares      shares in
                                      voted         issue*
                                                         %
 Ordinary Resolution 1 :       301 803 790           76.41      100.00           0.00             0.00
 Adoption of the annual
 financial statements
 Ordinary Resolution 2 :       301 803 790          76.41       100.00           0.00             0.00
 Adoption of the audit and
 risk committee report
 Ordinary Resolution 3 :       301 803 790          76.41       100.00           0.00             0.00
 Adoption of the
 remuneration committee
 report
 Ordinary Resolution 4 :       301 803 790          76.41       100.00           0.00             0.00
 Adoption of social and
 ethics committee report
 Ordinary Resolution 5.1 :     301 803 790          76.41       100.00           0.00             0.00
 Confirmation of D Green as
 director
 Ordinary Resolution 5.2 :     301 803 790          76.41       100.00           0.00             0.00
 Confirmation of N Bila as
 director
 Ordinary Resolution 5.3 :     301 803 790          76.41       100.00           0.00             0.00
 Confirmation of T Jali as
 director
 Ordinary Resolution 5.4 :     301 803 790          76.41       100.00           0.00             0.00
 Confirmation of D Sekete
 as director
 Ordinary Resolution 6.1 :     301 803 790          76.41       100.00           0.00             0.00
 Re-appointment of N Bila
 as a member of the audit
 and risk committee
 Ordinary Resolution 6.2 :     301 803 790          76.41       100.00           0.00             0.00
 Re-appointment of D
 Green as a member of the
 audit and risk committee
 Ordinary Resolution 7 :       301 803 790          76.41       100.00           0.00             0.00
  Appointment of auditor
 Ordinary Resolution 8 :       301 803 790          76.41         0.68          99.32             0.00
 Authority to issue shares
 pursuant to a reinvestment
 of dividends
 Ordinary Resolution 9 :       301 803 790          76.41       100.00           0.00             0.00
 Signature of documents
 Ordinary Resolution 10 :      301 803 790          76.41       100.00           0.00             0.00
 General authority to issue
 shares for cash
 Advisory Vote 1 :             301 803 790          76.41        99.88           0.12             0.00
 Advisory endorsement of
 remuneration policy
 Advisory Vote 2 :             301 803 790          76.41        99.88           0.12             0.00
 Advisory endorsement of
 remuneration policy
 implementation
 Special Resolution 1 :        301 803 790          76.41       100.00           0.00             0.00
 Approval of 2019 fees
 payable to non-executive
 directors
 Special Resolution 2 :        301 803 790          76.41        99.88           0.12             0.00
 Share repurchase
 Special Resolution 3 :        301 803 790          76.41       100.00           0.00             0.00
 Financial assistance to
 related and inter-related
 parties
 Special Resolution 4 :        301 803 790          76.41         0.68          99.32             0.00
 Authority to issue shares to
 directors who elect
 dividend reinvestment
 options


*      Based on 394 959 976 shares in issue at the date of the AGM.
**     In relation to the total number of shares voted at the AGM.
***    In relation to the total number of shares in issue at the date of the AGM.

Based on the above voting results, all resolutions were passed by the requisite majority of Acsion
shareholders present in person or represented by proxy at the AGM, except for:
- Ordinary resolution number 8 relating to the authority to issue shares pursuant to a reinvestment of
  dividends; and
- Special resolution number 4 relating to the authority to issue shares to directors who elect dividend
  reinvestment options.

Changes to the board

In compliance with paragraph 3.59(b) of the JSE Limited Listings Requirements, shareholders are advised
that Mrs S Griesel has retired as independent non-executive director from the board of Acsion, with effect
from 31 July 2018.

31 July 2018

Sponsor
Nedbank Corporate and Investment Banking

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