Report on proceedings at the annual general meeting and changes to important functions of directors RAND MERCHANT INVESTMENT HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2010/005770/06) ISIN: ZAE000210688 JSE ordinary share code: RMI ("RMI" or "the company") REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING AND CHANGES TO IMPORTANT FUNCTIONS OF DIRECTORS 1. Report on proceedings at the annual general meeting At the eleventh annual general meeting ("AGM" or “meeting”) of the shareholders of RMI held on Wednesday, 24 November 2021, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, RMI confirms the voting statistics from the AGM as follows: Shares voted Shares abstained Votes cast disclosed as a disclosed as a disclosed as a percentage in relation to the total percentage in percentage in number of shares voted at the Number of relation to the total relation to the total meeting shares voted issued share capital* issued share capital* Resolutions For Against Advisory endorsements Advisory endorsement of remuneration policy 98.59% 1.41% 1 341 142 420 87.55% 0.02% Advisory endorsement of remuneration implementation report 76.80% 23.20% 1 341 143 220 87.55% 0.02% Advisory endorsement of the appointment of KPMG to succeed PricewaterhouseCoopers Inc. as external auditor in the 2024 financial year in terms of mandatory audit firm rotation 99.95% 0.05% 1 339 018 632 87.41% 0.16% Ordinary resolutions Ordinary resolutions number 1.1 to 1.5: Re-election of directors 1.1 Peter Cooper 98.55% 1.45% 1 335 990 295 87.22% 0.36% 1.2 Lauritz Lanser Dippenaar 98.49% 1.51% 1 335 991 975 87.22% 0.36% 1.3 Jan Jonathan Durand 93.11% 6.89% 1 338 153 660 87.36% 0.22% 1.4 Per-Erik Lagerström 99.83% 0.17% 1 341 179 389 87.56% 0.02% 1.5 Mafison Murphy Morobe 99.86% 0.14% 1 341 177 389 87.56% 0.02% Ordinary resolution number 2: General authority to issue ordinary shares for cash 99.26% 0.74% 1 341 181 069 87.56% 0.02% Ordinary resolution number 3: Approval of re- appointment of auditor 81.91% 18.09% 1 341 181 069 87.56% 0.02% Ordinary resolutions number 4.1 to 4.3: Appointment of the company’s audit and risk committee members 4.1 Johan Petrus Burger 98.84% 1.16% 1 341 177 389 87.56% 0.02% 4.2 Per-Erik Lagerström 99.48% 0.52% 1 341 179 389 87.56% 0.02% 4.3 James Andrew Teeger 99.43% 0.57% 1 341 179 389 87.56% 0.02% Ordinary resolution number 5: Signing authority 100.00% 0.00% 1 341 181 069 87.56% 0.02% Special resolutions Special resolution number 1: Approval of non-executive directors’ remuneration with effect from 1 December 2021 99.75% 0.25% 1 341 162 820 87.55% 0.02% Special resolution number 2: General authority to repurchase company shares 99.55% 0.45% 1 341 123 173 87.55% 0.02% Special resolution number 3: Issue of shares, convertible securities and/or options to persons listed in section 41(1) of the Companies Act for the purposes of their participation in a reinvestment option 89.19% 10.81% 1 341 177 389 87.56% 0.02% Special resolution number 4: Financial assistance to directors, prescribed officers and employee share scheme beneficiaries 91.87% 8.13% 1 341 177 389 87.56% 0.02% Special resolution number 5: Financial assistance to related and inter-related entities 100.00% 0.00% 1 341 178 317 87.56% 0.02% *Total issued share capital is 1 531 807 770 ordinary shares. The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. 2. Changes to important functions of directors RMI shareholders are advised of the following changes to subcommittees of the board of RMI: • Mr Murphy Morobe takes over from Ms Sonja De Bruyn as member of the remuneration committee. • Mr Udo Lucht takes over from Ms Sonja De Bruyn as member of the social, ethics and transformation committee. These changes are implemented with immediate effect. Rosebank 24 November 2021 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24-11-2021 03:21:00 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.