STOR-AGE PROPERTY REIT LIMITED - Results of the Annual General Meeting of Stor-Age held on 9 September 2021 and sub-committee changes

Results of the Annual General Meeting of Stor-Age
held on 9 September 2021 and sub-committee changes

Stor-Age Property REIT Limited
Incorporated in the Republic of South Africa
Registration number 2015/168454/06
Share Code: SSS ISIN: ZAE000208963
Approved as a REIT by the JSE
(“Stor-Age” or the “Company”)



RESULTS OF THE ANNUAL GENERAL MEETING OF STOR-AGE
HELD ON 9 SEPTEMBER 2021 AND SUB-COMMITTEE CHANGES


All ordinary and special resolutions proposed at the annual general meeting (“AGM”) of Stor-
Age shareholders held on Thursday, 9 September 2021, were approved by the requisite
majority of votes.

 Total issued number of               Number of ordinary                 Percentage of ordinary
 ordinary shares                 shares represented at the             shares represented at the
                                                 meeting                               meeting

 432 881 143                                        320 557 174                          74.05%

Annual financial statements and reports
The annual financial statements of the Company, incorporating the reports of the external
auditor, audit and risk committee and directors, together with the report from the social and
ethics committee for the year ended 31 March 2021, were presented.

The detailed results of voting at the AGM are as follows:

 Resolution proposed                       For**             Against**             Abstain*
 Ordinary resolution 1
 Re-election of Mr G A             289 880 510        28 563 819                 2 112 845
 Blackshaw as director                 91.03%             8.97%                     0.49%
 Ordinary resolution 2
 Re-election of Ms K M de          315 352 924         3 091 405                2 112 845
 Kock as director                      99.03%             0.97%                    0.49%
 Ordinary resolution 3
 Appointment of Mr M P R           318 422 507           21 822                2 112 845
 Morojele as director                  99.99%             0.01%                    0.49%
 Ordinary resolution 4
 Appointment of Mr A               318 422 507           21 822                 2 112 845
 Varachhia as director                 99.99%             0.01%                     0.49%
 Ordinary resolution 5
 5.1 Confirmation of BDO           318 298 839           146 111                 2 112 224
 as auditor for 2021                   99.95%             0.05%                     0.49%
 5.2 Appointment of BDO          318 298 077             146 111                 2 112 986
 as auditor for 2022                 99.95%               0.05%                     0.49%
 Ordinary resolution 6
 Election of Ms K M de
 Kock as member and chair        318 298 218             146 111                 2 112 845
 of the audit committee              99.95%               0.05%                     0.49%
 Ordinary resolution 7
 Election of Ms P
 Mbikwana as member of           318 422 507              21 822                 2 112 845
 the audit committee                 99.99%               0.01%                     0.49%
 Ordinary resolution 8
 Election of Mr M P R
 Morojele as member of the       318 422 507              21 822                 2 112 845
 audit committee                     99.99%               0.01%                     0.49%
 Ordinary resolution 9
 General authority to issue      281 956 477         36 488 473                  2 112 224
 shares for cash                     88.54%             11.46%                      0.49%

 Advisory endorsement 1          267 165 963         50 626 307                  2 764 904
 Remuneration policy                 84.07%             15.93%                      0.64%
 Advisory endorsement 2          240 884 971         76 907 299                  2 764 904
 Implementation report               75.80%             24.20%                      0.64%
 Special resolution 1
 Remuneration of non-            300 987 874         17 456 314                  2 112 986
 executive directors                 94.52%              5.48%                      0.49%
 Special resolution 2
 Financial assistance to         266 984 753         51 457 224                  2 115 197
 subsidiary companies                83.84%             16.16%                      0.49%
 Special resolution 3
 General authority to            318 423 038              21 912                 2 112 224
 repurchase shares                   99.99%               0.01%                     0.49%

*      Abstentions are represented as a percentage of total issued ordinary shares
**     As a percentage of shares voted

Shareholders are further advised that following upon decisions taken by directors on 9
September 2021, the following changes to board sub-committees were implemented:

         Mr M P R Morojele was elected to chair the remuneration committee, whilst Ms K M
         de Kock and Mr G A Blackshaw continue to serve on that committee
         Mr A Varachhia was elected to serve on the social and ethics committee in the stead
         of Mr M S Moloko who had resigned as a director on 30 June 2021, whilst Ms P
         Mbikwana (as chair) and Mr G A Blackshaw continue to serve on that committee.

Cape Town
10 September 2021
Sponsor: Investec Bank Limited

Date: 10-09-2021 09:20:00
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