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 seventeenth Annual General Meeting
(“AGM”) of Shareholders held on Thursday, 4 August 2016, all the ordinary and special resolutions, as
set out in the notice of AGM and tabled for voting, save for special resolution number 2, were approved
by the requisite majority of Shareholders present or represented by proxy.

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 Company’s financial statements for the year ended 29
February 2016

  Shares Voted            Abstained                For                      Against

  69 386 021              0.001%                   99.88%                   0.12%
  (91.03%)



Ordinary resolution number 2: Re-election of Mr JA Bester, who retires by rotation, as a
non-executive director of the Company

  Shares Voted            Abstained                For                      Against

  51 134 849              23.95%                   99.36%                   0.64%
  (67.09%)



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

  Shares Voted            Abstained                For                      Against

  69 386 021              0.001%                   99.88%                   0.12%
  (91.03%)


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 JA Bester (Chairman)

  Shares Voted            Abstained                For                      Against

  51 134 220              23.95%                   99.36%                   0.64%
  (67.09%)



Ordinary resolution number 4.2: Appointment of T Pritchard

  Shares Voted            Abstained                For                      Against

  51 134 220              23.95%                   96.58%                   3.42%
  (67.09%)



Ordinary resolution number 4.3: Appointment of CP Davies

  Shares Voted            Abstained                For                      Against

  51 134 220              23.95%                   93.38%                   6.62%
  (67.09%)



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

  Shares Voted            Abstained                For                      Against

  69 386 650              0.00%                    66.77%                   33.23%
  (91.03%)



Special resolution number 1: Financial assistance to related or inter-related companies

  Shares Voted            Abstained                For                      Against

  69 386 650              0.00%                    99.88%                   0.12%
  (91.03%)



Special resolution number 2: General authority to repurchase shares

  Shares Voted            Abstained                For                      Against

  68 461 650              0.00%                    73.03%                   26.97%
  (89.82%)


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



Port Elizabeth
4 August 2016

Sponsor
One Capital

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