BALWIN PROPERTIES LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

Balwin Properties Limited
(Incorporated in the Republic of South Africa)
Registration number 2003/028851/06
Share code: BWN
ISIN: ZAE000209532
(“Balwin”)


RESULTS OF ANNUAL GENERAL MEETING

Balwin shareholders are advised that at the annual general meeting of shareholders held on
Friday, 18 August 2023 at 09h00 ("AGM"), all ordinary and special resolutions as set out in the revised
notice of AGM dated 20 July 2023, were approved by the requisite majority of shareholders
present or represented by proxy.

In this regard, Balwin confirms the voting statistics from the AGM as follows:

                                                                                       %           Number
Total number of shares that could be voted at the AGM ("Total Shares")              100%      519,411,852
Total number of shares present/represented including proxies at the               86.82%      450,976,453
AGM ("Voted Shares")
Total number of members present/represented including proxies                                          22


                                          Votes in                    Votes
                                                            %                         %    Abstentions **           %
                                          favour *                against *
 Ordinary resolution 1: Re-
 election of Hilton Saven as
 an    independent      non-           394,941,148     87.68%    55,508,254      12.32%           527,051       0.10%
 executive director

 Ordinary resolution 2: Re-
 election of Julian Scher as
 an    independent     non-            395,274,031     87.75%    55,175,371      12.25%           527,051       0.10%
 executive director

 Ordinary resolution 3: Re-
 election of Tomi Amosun as
                                       395,274,031     87.75%    55,175,371      12.25%           527,051       0.10%
 a non-executive director

 Ordinary  resolution   4:
 Election  of    Keneilwe
 Moloko as non-executive               450,386,045     99.97%      117,357       0.03%            473,051       0.09%
 director

 Ordinary    resolution    5:
 Appointment       of    the
 external auditors (BDO
 South Africa Incorporated             450,389,545     99.99%       59,857       0.01%            527,051       0.10%
 and designated audit
 partner, Vianca Pretorius)

 Ordinary resolution 6: Re-
                                       395,274,031     87.75%    55,175,371      12.25%           527,051       0.10%
 appointment      of   Tomi
 Amosun as a member of
 the  audit   and  risk
 committee

 Ordinary resolution 7: Re-
 appointment of Arnold
 Shapiro as a member of
                                       395,274,031     87.75%   55,175,371      12.25%            527,051       0.10%
 the    audit    and    risk
 committee

 Ordinary   resolution   8:
 Appointment of Keneilwe
 Moloko as a member of
                                       450,348,912     99.97%      154,490      0.03%             473,051       0.09%
 the   audit    and    risk
 committee

 Ordinary resolution     9.1
 Endorsement     of     the
                                       357,894,327     79.88%   90,139,715     20.12%           2,942,411       0.57%
 remuneration policy

 Ordinary resolution 9.2
 Endorsement     of    the
                                       386,375,806     86.24%   61,658,236     13.76%           2,942,411       0.57%
 implementation report

 Ordinary resolution 10:
 Authority to directors to
                                       395,274,031     87.75%   55,175,371     12.25%             527,051       0.10%
 implement resolutions

 Ordinary resolution 11:
 General authority to issue
                                       359,005,762     80.06%   89,428,280     19.94%           2,542,411       0.49%
 shares for cash

 Ordinary resolution 12:
 Approval of the proposed
 amendments to the Broad-
                                       345,639,411     85.71%   57,644,731     14.29%            473,051        0.09%
 Based Black Economic
 Empowerment (“B-BBEE”)
 transaction ***
 Special    resolution    1:
 Approval of remuneration
                                       362,986,363    80.58%    87,459,407     19.42%            530,683        0.10%
 of non-executive directors

 Special   resolution    2:
 Financial assistance to
 related and inter-related             420,597,237    93.37%   29,848,533      6.63%             530,683        0.10%
 companies

 Special     resolution 3:
 Authority to repurchase
                                       448,041,662    99.38%    2,807,740      0.62%             127,051        0.02%
 shares by the Company


Footnotes:
*   Votes cast disclosed as a percentage of the total number of shares voted at the meeting.
** Abstentions are represented as a percentage of total issued ordinary shares.
*** Related parties to the B-BBEE transaction were excluded from the vote.

Corlett Drive
18 August 2023

Sponsor:
Investec Bank Limited

Date: 18-08-2023 03:28:00
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