MUSTEK LIMITED - INVITATION TO DISCUSS THE REMUNERATION IMPLEMENTATION REPORT

INVITATION TO DISCUSS THE REMUNERATION IMPLEMENTATION REPORT

MUSTEK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share code: MST & ISIN: ZAE000012373
(“Mustek” or “the Company”)

INVITATION TO DISCUSS THE REMUNERATION IMPLEMENTATION REPORT

The following resolutions have reference as passed at the Mustek Annual General Meeting held on 30
November 2020, however more than 25% of the shares were voted against the endorsement of the
implementation report.

                                         For           Against        Abstained, in   Shares
                                                                      relation   to   voted
                                                                      total shares
                                                                      in issue
 Ordinary resolution number 8.1
 Endorsement of remuneration
 policy
 Number of shares                        52 424 305    596 725        20 396          53 021 030
 Percentage                              98,87%        1,13%          0,03%           75,74%

 Ordinary resolution number 8.2
 Endorsement         of     the
 implementation report
 Number of shares                        35 485 665    17 535 365     20 396          53 021 030
 Percentage                              66,93%        33,07%         0,03%           75,74%

As required in terms of the King IV Report on Corporate Governance for South Africa and paragraph
3.84(j) of the JSE Limited Listings Requirements, Mustek invites those shareholders who voted
against ordinary resolution number 8.2 (“Dissenting Shareholders”) to engage with the Company
regarding their views on Mustek’s Implementation Report. Dissenting Shareholders may forward their
concerns/questions regarding Mustek’s Implementation Report to Ms. Sirkien van Schalkwyk,
Company Secretary via email at sirkien@juba.co.za by 10h00 on Wednesday, 12 May 2021.

Following receipt of written communication by the Company Secretary, such Dissenting
Shareholders will be invited to attend a virtual meeting with the Chairperson of the Remuneration
& Nomination Committee, Mr Ralph Patmore, at 10h00 on Wednesday, 19 May 2021 (“Meeting”), to
discuss the concerns/questions raised. A Microsoft Teams Meeting link will be send to participants.


Midrand
15 April 2021

Company Secretary: Ms. Sirkien van Schalkwyk

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Date: 15-04-2021 09:11:00
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