NOVUS HOLDINGS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

Novus Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 2008/011165/06)
JSE share code: NVS     ISIN: ZAE000202149
(“Novus Holdings” or “the Company” or “the Group”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that, at the annual general meeting of Novus Holdings held today, save for the
below listed resolutions all the resolutions as set out in the notice of annual general meeting were passed
by the requisite majority of shareholders;

o     Ordinary Resolution Number 7: “General issues of shares”; and
o     Special Resolution Number 4: “General authority to acquire (repurchase) shares”,

which resolutions, in terms of the Listings Requirements of JSE Limited (“JSE Listings Requirements”), require
approval by a 75% majority of votes cast by shareholders present or represented by proxy and entitled to
vote.

The number of shares voted in person or by proxy was 217 639 545 representing 75.49% of the total issued
share capital of the same class of Novus Holdings shares.

The resolutions proposed at the meeting, together with the percentage of votes carried for and against each
resolution, as well as the percentage of shares abstained, are set out below:

                                                                 % of votes      % of votes
                                                            carried for the     against the      % of shares
 Resolution                                                      resolution      resolution        abstained

 Ordinary Resolution Number 1: Consider and
 acceptance of Financial Statements                                 100.00%           0.00%           3.40%

 Ordinary Resolution Number 2: Re-appointment of
 auditor                                                             97.85%           2.15%           3.40%

 Ordinary Resolution Number 3.1: Confirmation of
 appointment of Non-Executive Director – Abduraghman
 Mayman                                                             100.00%           0.00%           3.40%

 Ordinary Resolution Number 4.1: Re-election of Non-
 Executive Director – Hellen Lulama Mtanga                          100.00%           0.00%           3.40%

 Ordinary Resolution Number 4.2: Re-election of Non-
 Executive Director – Noluvuyo Lulama Mkhondo                        95.97%           4.03%           3.40%
 
 Ordinary Resolution Number 5.1: Re-appointment of
 member of Audit and Risk Committee – Dennis Mack                   100.00%           0.00%           3.40%

 Ordinary Resolution Number 5.2: Re-appointment of
 member of Audit and Risk Committee – Hellen Lulama
 Mtanga                                                             100.00%           0.00%           3.40%

 Ordinary Resolution Number 5.3: Appointment of
 member of Audit and Risk Committee – Noluvuyo Lulama
 Mkhondo                                                             92.64%           7.36%           8.01%

 Ordinary Resolution Number 5.4: Appointment of
 member of Audit and Risk Committee – Abduraghman
 Mayman                                                             100.00%           0.00%           3.40%

 Ordinary Resolution Number 6.1: Endorsement of the
 Remuneration Policy                                                 95.22%           4.78%           3.40%

 Ordinary Resolution Number 6.2: Endorsement of the
 Implementation Report                                               95.22%           4.78%           3.40%

 Ordinary Resolution Number 7: General issues of shares              33.54%          66.46%           0.01%

 Special Resolution Number 1: Remuneration of
 Directors                                                           99.91%           0.09%           3.40%

 Special Resolution Number 2: Financial assistance in
 terms of Section 44                                                 75.65%          24.35%           0.01%

 Special Resolution Number 3: Financial assistance in
 terms of Section 45                                                100.00%           0.00%           0.01%

 Special Resolution Number 4: General authority to
 acquire (repurchase) shares                                         66.43%          33.57%           0.01%

 Ordinary Resolution Number 8: Signing powers                       100.00%           0.00%           0.01%



Cape Town
18 September 2020

Sponsor
Merchantec Capital

Date: 18-09-2020 01:22:00
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