ETION LIMITED - Results of the general meeting

Results of the general meeting

ETION LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/001222/06)
(Share Code: ETO)
(ISIN: ZAE000257739)
(“Etion” or “the Company”)

RESULTS OF THE GENERAL MEETING

Shareholders are hereby advised that at the general meeting of the Company held via a
remote electronic platform at 9:00 today, Wednesday, 4 January 2023 (“GM”), all of the
resolutions were passed by the requisite majorities of the Company’s shareholders.

Details of the results of the voting at the GM are as follows:

                                              Votes
                          Votes for         against
                         resolution      resolution                     Number of     Number of
                               as a            as a                        shares        shares
                         percentage      percentage                   voted at GM     abstained
                           of total        of total                          as a          as a
 Resolutions              number of       number of       Number of    percentage    percentage
 proposed at the             shares          shares          shares  of shares in  of shares in
 GM                     voted at GM     voted at GM     voted at GM        issue*        issue*
 Special resolution
 number 1:
 Approval of the
 Scheme in terms of
 the Companies Act          100.00%          0.00%      305 247 645       54.08%         0.17%
 Special resolution
 number 2:
 Approval of fees to
 be paid to
 members of the
 Independent Board           99.80%          0.20%      305 816 645       54.18%         0.07%

Note
*Total number of shares in issue as at the date of the GM was 564 411 033.

Pretoria
4 January 2023

Transaction Adviser and Designated Advisor

PSG Capital

Date: 04-01-2023 10:15:00
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