Changes to the board of directors and 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”) CHANGES TO THE BOARD OF DIRECTORS AND RESULTS OF ANNUAL GENERAL MEETING Changes to the board of directors In compliance with paragraph 3.59 of the JSE Limited Listings Requirements shareholders are advised that Adv David Green and Mr Nicholas Bila did not offer themselves for re-election at the annual general meeting of Acsion held on Thursday, 6 August 2020 and have consequently retired from the board of directors of Acsion (the “Board”) with immediate effect. The Board wishes to thank Adv Green and Mr Bila for their valuable contribution over the years. Following the retirement of Adv Green and Mr Bila, a further announcement in respect of the reconstitution of the board committees will be released on SENS in due course. Results of annual general meeting Shareholders are advised that the voting results for the annual general meeting (“AGM”) of Acsion held at Acsion Offices on Thursday, 6 August 2020 were as follows: Resolution Number of Percentage For** Against** Abstained ordinary of ordinary % % *** shares voted shares in % issue* % Ordinary Resolution 1: 313 457 626 79.36 100.00 0.00 0.00 Adoption of the Annual Financial Statements Ordinary Resolution 2: 313 457 626 79.36 100.00 0.00 0.00 Adoption of the Audit and Risk Committee report Ordinary Resolution 3: Withdrawn Adoption of the Remuneration Committee report Ordinary Resolution 4: Withdrawn Adoption of Social and Ethics Committee report Ordinary Resolution 5.1: Withdrawn Confirmation of D Green as director Ordinary Resolution 5.2: Withdrawn Confirmation of N Bila as director Ordinary Resolution 5.3: 313 457 626 79.36 99.88 0.12 0.00 Confirmation of T Jali as director Ordinary Resolution 5.4: 313 457 626 79.36 100.00 0.00 0.00 Confirmation of D Sekete as director Ordinary Resolution 5.5: 313 457 626 79.36 100.00 0.00 0.00 Confirmation of M Hlobo as director Ordinary Resolution 6.1: 313 457 626 79.36 100.00 0.00 0.00 Reappointment of M Hlobo as a member of the Audit and Risk Committee Ordinary Resolution 6.2: Reappointment of N Bila as a Withdrawn member of the Audit and Risk Committee Ordinary Resolution 6.3: Withdrawn Reappointment of D Green as a member of the Audit and Risk Committee Ordinary Resolution 7: 313 457 626 79.36 100.00 0.00 0.00 Appointment of auditor Ordinary Resolution 8: 313 457 626 79.36 96.45 3.55 0.00 Authority to issue shares pursuant to a reinvestment of dividends Ordinary Resolution 9: 313 457 626 79.36 100.00 0.00 0.00 Signature of documents Ordinary Resolution 10: 313 457 626 79.36 96.45 3.55 0.00 General authority to issue shares for cash Advisory Vote 1: 313 457 626 79.36 96.45 3.55 0.00 Advisory endorsement of remuneration policy Advisory Vote 2: 313 457 626 79.36 96.33 3.67 0.00 Advisory endorsement of remuneration policy implementation Special Resolution 1: 313 457 626 79.36 100.00 0.00 0.00 Approval of 2021 fees payable to non-executive directors Special Resolution 2: 313 457 626 79.36 96.45 3.55 0.00 Share repurchase Special Resolution 3: 313 457 626 79.36 96.45 3.55 0.00 Financial assistance to related and inter-related parties Special Resolution 4: 313 457 626 79.36 96.45 3.55 0.00 Authority to issue shares to 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. 7 August 2020 Sponsor Nedbank Corporate and Investment Banking Date: 07-08-2020 09:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.