Report on proceedings at the annual general meeting RFG Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 20012/074392/06 Share code: RFG ISIN: ZAE000191979 ("RFG" or "the Company") REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING At the annual general meeting ("Annual General Meeting" or "the meeting") of the shareholders of RFG held today, Thursday, 04 March 2021, the resolutions proposed at the meeting were unaltered from that reflected in the Notice of Annual General Meeting and were approved by the requisite majority of votes. In this regard, RFG confirms the voting statistics from the Annual General Meeting as follows: Total number of shares in issue 262,762,018 Treasury shares (excluded from voting) 1,125,000 Total number of shares ("voteable shares") 261,637,018 Total number of shares represented (including proxies) at the Annual General Meeting 237,338,720 Proportion of total voteable shares represented at the Annual General Meeting 90.71% Resolutions Votes cast disclosed as a Number of Shares voted Shares percentage of the total shares voted disclosed as a abstained number of shares voted percentage of disclosed as a at the meeting the total percentage of voteable the total For Against shares voteable shares Ordinary Resolution 1: Election of director – Mr P 100.00% 0.00% 237,195,358 90.66% 0.05% Hanekom Ordinary Resolution 2: Election of director – Ms S 99.99% 0.01% 237,195,358 90.66% 0.05% Maitisa Ordinary Resolution 3: Re-election of director – Mr T 100.00% 0.00% 237,194,658 90.66% 0.06% Leeuw Ordinary Resolution 4: Re-election of director – Ms B 100.00% 0.00% 237,195,358 90.66% 0.05% Njobe Ordinary Resolution 5: Re-election of director – Mr M 99.99% 0.01% 237,195,358 90.66% 0.05% Bower Ordinary Resolution 6: Appointment of Mr M Bower to 100.00% 0.00% 237,195,198 90.66% 0.05% the audit, risk and information technology committee Ordinary Resolution 7: Appointment of Mr T Leeuw to 100.00% 0.00% 237,194,498 90.66% 0.06% the audit, risk and information technology committee Ordinary Resolution 8: Appointment of Ms S Maitisa to 99.99% 0.01% 237,195,358 90.66% 0.05% the audit, risk and information technology committee Ordinary Resolution 9: Appointment of new 100.00% 0.00% 237,195,358 90.66% 0.05% independent registered auditor Ordinary Resolution 10: Control of authorised but 94.78% 5.22% 237,195,198 90.66% 0.05% unissued ordinary shares Ordinary Resolution 11: Authority to issue ordinary 93.68% 6.32% 237,194,658 90.66% 0.06% shares for cash Ordinary Resolution 12: Signature of documents 100.00% 0.00% 237,195,198 90.66% 0.05% Non-Binding Advisory Resolution 1: Approval of the 96.60% 3.40% 237,193,858 90.66% 0.06% remuneration policy Non-Binding Advisory Resolution 2: Approval of the 97.07% 2.93% 237,193,698 90.66% 0.06% implementation report Special Resolution 1: Approval of the non-executive 99.99% 0.01% 237,195,444 90.66% 0.05% directors’ fees Special Resolution 2: General authority to repurchase 99.49% 0.51% 237,090,798 90.62% 0.09% shares Special Resolution 3: Loans or other financial assistance 96.60% 3.40% 237,195,198 90.66% 0.05% to related companies The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. Groot Drakenstein 04 March 2021 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Prepared by: The Meeting Specialist (Pty) Ltd Date: 04-03-2021 10:55:00 Supplied by www.sharenet.co.za 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.