ASTRAL FOODS LIMITED - Results of general meeting

Results of general meeting

ASTRAL FOODS LIMITED
“Astral” or “the company”
(Reg. No. 1978/003194/06)
(Incorporated in the Republic of South Africa)
Share Code: ARL
ISIN Code: ZAE000029757

RESULTS OF GENERAL MEETING

The general meeting of Astral was held today, Thursday, 19 April 2018. The detailed results of the voting are as
follows:

 Resolution                                Number of      Percentage          For**       Against**     Abstained
                                        shares voted    of shares in              %               %           ***
                                                              issue*                                            %
                                                                   %
 Special resolution number 1:             20 765 823           48.45          53.11           46.89          2.36
 Remuneration payable to the non-
 executive chairman

*     Based on 42 861 785 shares in issue as at 13 April 2018.
**    In relation to the total number of shares voted at the general meeting.
***   In relation to the total number of shares in issue as at the date of the general meeting.

The Special Resolution was not passed by the requisite majority of shareholders despite the fact that the
remuneration level of the chairman had been kept at the same level as had been agreed at the 2017 annual
general meeting.

Astral now finds itself in a position where it has a chairman who cannot be remunerated. Astral will be seeking
advice and will consider options available in this instance.

Pretoria
19 April 2018

Sponsor
Nedbank Corporate and Investment Banking

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