MIDDLE EAST DIAMOND RESOURCES LIMITED - Results of annual general meeting and finalisation announcement regarding the name change

Results of annual general meeting and finalisation announcement regarding the name change

 MIDDLE EAST DIAMOND RESOURCES LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration number: 2001/006539/06)
 (Share Code: MED ISIN Code: ZAE000211876)
 (“MEDR” or “the company”)


 Results of annual general meeting and finalisation announcement regarding the
 name change

 1)     Results of annual general meeting

 Shareholders are advised that, at the annual general meeting of MEDR held on 2
 November 2021 all resolutions as set out in the notice of the annual general
 meeting passed with the requisite number of votes save for ordinary resolution
 number 3.

 In this regard, MEDR confirms that the voting statistics of the annual general
 meeting were as follows:
                                                     %      Number
 Total number of shares in issue that
 could be voted at the meeting                       100    4 350 872

 Total number of shares present/
 represented at the meeting including
 proxies                                                 37.66   1 638 333

                       Votes in
                         favour                 Votes            Absten-        %      Shares
                                      %       against       %      tions                voted
Ordinary              1 631 198     100             -       -      7 135     0.44   1 631 198
 resolution number
 1 – Confirmation
 of the appointment
 of Enver Motala
Ordinary              1 633 999     100             -       -      4 334     0.26   1 633 999
 resolution number
 2 – Confirmation
 of the appointment
 of Mohammed Said
 Tinawi
Ordinary                202 801   12.41     1 431 198   87.59      4 334     0.26   1 633 999
 resolution number
 3 – Re-election of
 Sheikh Abdulla
 Khalfan Humaid
 Nasser
Ordinary              1 633 999     100             -       -      4 334     0.26   1 633 999
resolution number
4 – Confirmation
of the appointment
of the auditors
Ordinary              1 633 999     100             -       -      4 334     0.26   1 633 999
resolution number
5 – Appointment of
Eshaan Singh as a
member and
chairman of the
Audit and Risk
Committee
Ordinary              1 633 999     100             -       -      4 334     0.26   1 633 999
resolution number
6
Appointment of
Charles Mostert as
a member of the
Audit and Risk
Committee
Ordinary             1 633 999     100       -      -     4 334    0.26   1 633 999
resolution number
7
Appointment of
Mohammed Bassam Al
Mojarkesh as a
member of the
Audit and Risk
Committee
Ordinary             1 631 198     100       -      -     7 135    0.44   1 631 198
resolution number
8.1
Endorsement of the
Remuneration
Policy
Ordinary             1 631 198     100       -      -     7 135    0.44   1 631 198
resolution number
8.2
Endorsement of the
Implementation
Report
Ordinary             1 631 198   99.83   2 801   0.17     4 334    0.26   1 633 999
resolution number
9
Placing unissued
shares under
directors’ control
Ordinary             1 631 198   99.83   2 801   0.17     4 334    0.26   1 633 999
resolution number
10
General authority
to issue shares
for cash
Ordinary             1 631 198     100       -      -     7 135    0.44   1 631 198
resolution number
11
Authority to
action
Special resolution   1 631 198   99.83   2 801   0.17     4 334    0.26   1 633 999
number 1
Remuneration of
non-executive
directors
Special resolution   1 633 999     100       -      -     4 334    0.26   1 633 999
number 2.1
Financial
assistance in
terms of section
44
Special resolution   1 633 999     100       -      -     4 334    0.26   1 633 999
number 2.2
Financial
assistance in
terms of section
45
Special resolution   1 431 198     100       –      –   207 135   12.64   1 431 198
number 3
General authority
to repurchase
shares by the
Company
Special resolution    1 431 198    100            –        –     207 135   12.64   1 431 198
number 4
Change of company
name


 2)    Name change

      Shareholders are advised that the company is proposing to change its name to
      Sable Exploration and Mining Limited which better reflects the business of
      the Company. Shareholders approved the resolution to change its name at the
      Annual General Meeting held today.

      Below is the proposed timetable:

       Action                               Date
       Last day to trade in securities      Tuesday, 9 November 2021
       regarding name change
       Termination of trading of old        Wednesday, 10 November 2021
       shares on the JSE trading system
       List and trade new shares in the     Wednesday, 10 November 2021
       new name from commencement of
       trading under the JSE Code: SXM
       ISIN: ZAE000303319
       Short name: SEAM
       Record date regarding name change    Friday, 12 November 2021
       Issuer    of    new    securities.   Monday, 15 November 2021
       Certificates   posted/CSDPs    and
       brokers accounts updated.
       Issue of new certificates            Monday, 15   November 2021



 For and on behalf of the Board

 Sandton
 2 November 2021

 Sponsor
 Exchange Sponsors

Date: 02-11-2021 03:12:00
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