FIRSTRAND LIMITED - Report on proceedings at the annual general meeting

Report on proceedings at the annual general meeting

FIRSTRAND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
JSE ordinary share code: FSR
ISIN: ZAE000066304
LEI: 529900XYOP8CUZU7R671
NSX ordinary share code: FST
(FirstRand or the group)

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

At the 26th annual general meeting (AGM or the meeting) of the shareholders of FirstRand held on Thursday, 1 December 2022, all the ordinary and special resolutions proposed
at the meeting were approved by the requisite majority of votes.

The voting statistics from the AGM are confirmed as follows:

  Total number of shares that can be exercised at the meeting                             100%        5 609 488 001

  Total number of shares present/represented including proxies at the meeting             77.64%      4 355 169 598

  Total number of members present by electronic participation                                         24

Resolutions                                      Votes cast disclosed as a                  Number of shares         Shares voted            Shares abstained
                                                 percentage in relation to the total        voted                    disclosed as a          disclosed as a
                                                 number of shares voted at the                                       percentage in           percentage in
                                                 meeting                                                             relation to the         relation to the
                                                                                                                     total issued            total issued
                                                 For                  Against                                        shares*                 shares*

Ordinary resolution number 1.1: Re-              95.70%               4.30%                 4 345 787 154            77.47%                  0.16%
election of directors of the company by
way of separate resolution: GG Gelink

Ordinary resolution number 1.2: Re-              98.37%               1.63%                 4 345 785 136            77.47%                  0.16%
election of directors of the company by
way of separate resolution: LL von
Zeuner

Ordinary resolution number 1.3: Vacancy          99.97%               0.03%                 4 345 781 487            77.47%                  0.16%
filled by the director during the year: PD
Naidoo

Ordinary resolution number 2.1:                  95.30%               4.70%                 4 345 795 361            77.47%                  0.16%
Appointment of auditor: Deloitte &
Touche as external auditor

Ordinary resolution number 2.2:                  96.35%               3.65%                 4 345 795 407            77.47%                  0.16%
Appointment of auditor:
PricewaterhouseCoopers Inc. as
external auditor

Ordinary resolution number 3: General            92.90%               7.10%                 4 345 791 390            77.47%                  0.16%
authority to issue authorised but
unissued ordinary shares for cash

Ordinary resolution number 4: Signing            100.00%              0.00%                 4 345 791 168            77.47%                  0.16%
authority to director and/or group
company secretary
Advisory endorsement 1: Advisory                 93.09%               6.91%                 4 345 789 070            77.47%                  0.16%
endorsement on a non-binding basis for
the remuneration policy

Advisory endorsement 2: Advisory                 93.44%               6.56%                 4 329 354 017            77.18%                  0.45%
endorsement on a non-binding basis for
the remuneration implementation report

Special resolution number 1: General             99.56%               0.44%                 4 344 407 921            77.45%                  0.18%
authority to repurchase ordinary shares

Special resolution number 2.1: Financial         97.82%               2.18%                 4 345 607 300            77.47%                  0.16%
assistance to directors and prescribed
officers as employee share scheme
beneficiaries

Special resolution number 2.2: Financial         97.82%               2.18%                 4 345 610 598            77.47%                  0.16%
assistance to related and interrelated
entities

Special resolution number 3:                     99.00%               1.00%                 4 399 941 616            77.37%                  0.26%
Remuneration of non-executive directors
with effect from 1 December 2022

* Total issued shares is 5 609 488 001

Sandton

2 December 2022
Sponsor

RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 02-12-2022 07:05:00
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.