Results of the annual general meeting - Correction

RFG Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 2012/074392/06
Share code: RFG
ISIN: ZAE000191979
(“RFG” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING - CORRECTION

Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE by the Company on 17 March
2022 relating to its 2022 Annual General Meeting results (the Announcement).

Each resolution was duly passed by the requisite majority of votes, as announced, however, due to an inadvertent error made by a CSDP
on submission of votes, the Announcement contained an incorrect percentage of votes cast in favour of Special Resolution 1: Approval
of the non-executive directors’ fees. The correct percentage of the votes cast in favour of this resolution should have been 98.41%
instead of 83.43%.

All other details contained in the Announcement are correct and remain unchanged.

The full amended 2022 Annual General Meeting results are set out below:

Total number of shares in issue                                                                               262,762,018
Treasury shares (excluded from voting)                                                                          1 250 000
Total number of shares (“voteable shares”)                                                                    261 512 018
Total number of shares represented (including proxies) at the Annual General Meeting                          236 254 954
Proportion of total voteable shares represented at the Annual General Meeting                                      90,34%

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: Re-election of director – Dr. Y      100,00%        0,00%        236 194 914    89,89%           0,02%
Muthien

Ordinary Resolution 2: Re-election of director – Mr. G      99,99%         0,01%        236 195 074    89,89%           0,02%
Willis

Ordinary Resolution 3: Re-election of director – Mr. B      100,00%        0,00%        236 194 374    89,89%           0,02%
Henderson

Ordinary Resolution 4: Re-election of director – Mr. C      100,00%        0,00%        236 195 074    89,89%           0,02%
Schoombie

Ordinary Resolution 5: Appointment of Mr. M Bower to        100,00%        0,00%        236 197 074    89,89%           0,02%
the audit, risk and information technology committee

Ordinary Resolution 6: Appointment of Mr. T Leeuw to        100,00%        0,00%        236 195 074    89,89%           0,02%
the audit, risk and information technology committee  

Ordinary Resolution 7: Appointment of Ms. S Maitisa to      99,99%         0,01%        236 194 374    89,89%           0,02%
the audit, risk and information technology committee

Ordinary Resolution 8: Re-appointment of independent        99,99%         0,01%        236 194 414    89,89%           0,02%
registered auditor

Ordinary Resolution 9: Control of authorised but            67,05%         32,95%       236 194 914    89,89%           0,02%
unissued ordinary shares

Ordinary Resolution 10: Authority to issue ordinary         96,42%         3,58%        236 197 074    89,89%            0,02%
shares for cash

Ordinary Resolution 11: Approval and adoption of the        99,99%         0,01%        233 928 872    89,03%            0,89%
RFG Holdings Limited 2021 Share Plan

Ordinary Resolution 12: Signature of documents              100,00%        0,00%        236 196 914    89,89%            0,02%

Non-Binding Advisory Resolution 1: Approval of the          99,67%         0,33%        236 193 854    89,89%            0,02%
remuneration policy

Non-Binding Advisory Resolution 2: Approval of the          99,67%         0,33%        236 192 354    89,89%            0,02%
implementation report

Special Resolution 1: Approval of the non-executive         98.41%         1,59%        236 197 874    89,89%            0,02%
directors’ fees

Special Resolution 2: General authority to repurchase       99,64%         0,36%        236 194 914    89,89%            0,02%
shares

Special Resolution 3: Loans or other financial assistance   98,75%         1,25%        236 194 914    89,89%            0,02%
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
29 March 2022

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Prepared by: The Meeting Specialist (Pty) Ltd

Date: 29-03-2022 09:36:00

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