ACSION LIMITED - Results of annual general meeting

Results of annual general meeting

Acsion Limited
Incorporated in the Republic of South Africa
(Registration number 2014/182931/06)
Share code: ACS
ISIN: ZAE000198289
(“Acsion”)

Results of annual general meeting

Shareholders are advised that the voting results for the annual general meeting (“AGM”) of Acsion held at
the Acsion offices on Friday, 29 July 2016 were as follows:

 Resolution                                                     Number of    Percentage of   For**    Against**   Abstained***
                                                                  ordinary        ordinary       %           %              %
                                                              shares voted       shares in
                                                                                    issue*
                                                                                        %
 Ordinary Resolution 1 : Adoption of annual financial         327 858 450           83.01    100.00        0.00           0.00
 statements
 Ordinary Resolution 2 : Adoption of audit and risk           327 858 450           83.01    100.00        0.00           0.00
 committee report
 Ordinary Resolution 3 : Adoption of remuneration             327 858 450           83.01     99.89        0.10           0.01
 committee report
 Ordinary Resolution 4 : Adoption of social and ethics        327 858 450           83.01     99.89        0.10           0.01
 committee report
 Ordinary Resolution 5.1 : Confirmation of D Green as         327 858 450           83.01     99.89        0.10           0.01
 director
 Ordinary Resolution 5.2 : Confirmation of S Griesel as       327 858 450           83.01    100.00        0.00           0.00
 director
 Ordinary Resolution 5.3 : Confirmation of T Jali as          327 858 450           83.01    100.00        0.00           0.00
 director
 Ordinary Resolution 5.4 : Confirmation of D Sekete as        327 858 450           83.01    100.00        0.00           0.00
 director
 Ordinary Resolution 6.1 : Re-appointment of S Griesel as     327 858 450           83.01    100.00        0.00           0.00
 a member of the audit and risk committee
 Ordinary Resolution 6.2 : Re-appointment of D Green as a     327 858 450           83.01     99.89        0.10           0.01
 member of the audit and risk committee
 Ordinary Resolution 7 : Appointment of auditor               327 858 450           83.01    100.00        0.00           0.00
 Ordinary Resolution 8 : Specific authority to issue shares   327 858 450           83.01    100.00        0.00           0.00
 pursuant to a reinvestment of dividends
 Ordinary Resolution 9 : Signature of documents               327 858 450           83.01    100.00        0.00           0.00
 Ordinary Resolution 10 : General authority to issue          327 858 450           83.01    100.00        0.00           0.00
 shares for cash
 Advisory Vote 1 : Advisory endorsement of remuneration       327 858 450           83.01     99.63        0.11           0.26
 policy
 Special Resolution 1 : Approval of 2017 fees payable to      327 858 450           83.01     99.63        0.11           0.26
 non-executive directors
 Special Resolution 2 : Share repurchase                      327 858 450           83.01    100.00        0.00           0.00
    
Resolution                                                     Number of     Percentage of   For**    Against**   Abstained***
                                                                 ordinary         ordinary       %           %              %
                                                             shares voted        shares in
                                                                                    issue*
                                                                                         %
Special Resolution 3 : Financial assistance to related and    327 858 450           83.01    100.00        0.00           0.00
inter-related parties
Special Resolution 4 : Authority to issue shares to           327 858 450           83.01    100.00        0.00           0.00
directors who elect dividend reinvestment options


*   Based on 394 959 976 shares in issue at the date of the AGM.
**  In relation to the total number of shares voted at the AGM.
*** In relation to the total number of shares in issue at the date of the AGM.


Based on the above voting results, all resolutions were passed by the requisite majority of Acsion
shareholders present in person or represented by proxy at the AGM.

1 August 2016

Sponsor
Nedbank Corporate and Investment Banking

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