STOR-AGE PROPERTY REIT LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

Stor-Age Property REIT Limited
Incorporated in the Republic of South Africa
Registration number 2015/168454/06
Share Code: SSS ISIN: ZAE000208963
(Approved as a REIT by the JSE)
(“Stor-Age” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING


Shareholders are advised that at the Annual General Meeting (“AGM”) of Stor-Age shareholders held on
Thursday, 23 August 2018, all ordinary and special resolutions proposed thereat were approved by the
requisite majority of votes.

The voting results are set out hereunder:

Total issued share capital          Number of shares voted          Percentage shares represented
307 425 605                         243 053 013                     79%

Resolutions                         Shares voted         Votes            Votes for               Votes against
                                                       Abstained
                                    Number      %(1)         %(1)       Number          %(2)     Number        %(2)

Ordinary resolution number 1    236 088 025    76.80          2.27   236 088 025      100.00          -        0.00

Re-election of GA Blackshaw
as a non-executive director

Ordinary resolution number 2     236 088 025   76.80          2.27   236 088 025      100.00            -      0.00

Re-election of PA Theodosiou
as an independent non-
executive director

Ordinary resolution number 3     236 088 025   76.80          2.27   236 088 025      100.00            -      0.00

Approval of the appointment
of KM de Kock as an
independent non-executive
director

Ordinary resolution number 4     236 088 025   76.80          2.27   236 088 025      100.00            -       0.00

Approval of the appointment
of P Mbikwana as an
independent non-executive
director

Ordinary resolution number 5     235 454 719   76.59          2.47   184 799 996       78.49   50 654 723     21.51

Re-appointment of KPMG Inc
as the Company’s auditor

Ordinary resolution number 6     236 088 025   76.80          2.27   236 088 025      100.00            -      0.00
Election of GBH Fox as a
member and the Chairman of
the Audit and Risk Committee

Ordinary resolution number 7      236 088 025   76.80         2.27   236 088 025      100.00            -     0.00

Election of MS Moloko as a
member of the Audit and Risk
Committee

Ordinary resolution number 8      236 088 025   76.80         2.27   223 097 637       94.50     12 990 388    5.50

Election of PA Theodosiou as a
member of the Audit and Risk
Committee

Ordinary resolution number 9      236 088 025   76.80         2.27   236 088 025      100.00             -    0.00

Election of KM de Kock as a
member of the Audit and Risk
Committee

Ordinary resolution number 10     242 585 905   78.91         0.15   195 873 300       80.74   46 712 605    19.26

General authority to directors
to issue shares for cash

Ordinary resolution number 11     227 091 669   73.87         0.20   172 580 155       76.00   54 511 514    24.00

Amendment to the Rules
governing The Stor-Age Share
Purchase and Option Scheme

Non-binding advisory vote         234 200 411   76.18        2.88   187 279 351       79.97   46 921 060     20.03
Endorsement of the:
a. remuneration policy
Endorsement of the:               236 078 025   76.79        2.27   214 189 179       90.73   21 888 846     9.27
b. implementation report in
   respect of the
   remuneration policy
Special resolution number 1       236 083 025   76.79        2.26   235 292 386       99.67     790 639      0.33

Non-executive directors’
remuneration for the 2020
financial year

Special resolution number 2       236 081 901   76.79        2.26   235 281 103       99.66     800 798      0.34

General authority to provide
financial assistance to related
companies and entities

Special resolution number 3       235 793 644   76.70       2.36   207 071 080       87.82   28 722 564     12.18

Authority to provide financial
assistance to directors,
prescribed offers, other
employee incentive scheme
beneficiaries and companies
and corporations related or
inter-related to them
Special resolution number 4         235 793 644   76.70    2.36   200 189 389      84.90   35 604 255      15.10

Authority to provide financial
assistance to directors,
prescribed officers, and entities
related to them


Notes:
1. As a percentage of total ordinary shares in issue.
2. As a percentage of shares voted.


Cape Town
28 August 2018

Sponsor
Questco Corporate Advisory (Pty) Ltd

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