Results of the annual general meeting ETION LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 1987/001222/06) (Share Code: ETO) (ISIN: ZAE000257739) (“Etion” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that at the annual general meeting of the Company held via a remote interactive electronic platform at 10:00 today, 14 December 2022 (“AGM”), all of the resolutions were passed by the requisite majorities of the Company’s shareholders. Details of the results of the voting at the AGM are as follows: Votes Votes for against resolution as resolution as Number of Number of a percentage a percentage shares voted shares of total of total at AGM as a abstained as number of number of Number of percentage a percentage Resolutions shares voted shares voted shares voted of shares in of shares in proposed at the AGM at AGM at AGM at AGM issue* issue* Ordinary resolution number 1: Re-election of Martie Janse van Rensburg who retires by rotation 100% 0.00% 261 840 258 46.39% 0.19% Ordinary resolution number 2: Re-election of Elvin de Kock who retires by rotation 100% 0.00% 261 840 258 46.39% 0.19% Ordinary resolution number 3: Election of Zuziwe Ntsalaze 99.98% 0.02% 255 191 807 45.21% 1.37% Ordinary resolution number 4: Re-appointment of Martie Janse van Rensburg as member and chairperson of the Audit and Risk Committee 100% 0.00% 261 840 257 46.39% 0.19% Ordinary resolution number 5: Appointment of Zuziwe Ntsalaze as member of the Audit and Risk Committee 99.98% 0.02% 255 191 807 45.21% 1.37% Ordinary resolution number 6: Re-appointment of 100% 0.00% 261 840 258 46.39% 0.19% Coenraad Petrus Bester as member of the Audit and Risk Committee Ordinary resolution number 7: Re-appointment of PwC as external auditor 100% 0.00% 261 840 258 46.39% 0.19% Ordinary resolution number 8: Non-binding endorsement of Etion Limited’s Remuneration Policy 99.98% 0.02% 261 836 257 46.39% 0.19% Ordinary resolution number 9: Non-binding endorsement of Etion Limited’s Implementation Report 99.99% 0.01% 261 836 257 46.39% 0.19% Special resolution number 1: Remuneration of Non- Executive Directors 99.76% 0.24% 262 426 258 46.50% 0.08% Special resolution number 2: Remuneration of Non- Executive Directors for ad hoc board committees 99.76% 0.24% 262 426 257 46.50% 0.08% Note: *Total number of shares in issue as at the date of the AGM was 564 411 033. Pretoria 14 December 2022 Designated Advisor PSG Capital Date: 14-12-2022 02:00:00 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.