ACSION LIMITED - Results of annual general meeting

Results of annual general meeting

Acsion Limited
Incorporated in the Republic of South Africa
(Registration number 2014/182931/06)
Share code: ACS
ISIN: ZAE000198289
(“Acsion”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that the voting results for the annual general meeting (“AGM”) of Acsion held at
the Acsion offices on Tuesday, 30 July 2019 were as follows:

 Resolution                      Number of      Percentage        For**    Against**      Abstained***
                                  ordinary     of ordinary           %             %                %
                                    shares       shares in
                                     voted          issue*
                                                         %
 Ordinary Resolution 1 :       311 818 212           78.95     99.9994        0.0006              0.00
 Adoption of the Annual
 Financial Statements
 Ordinary Resolution 2 :       311 818 212          78.95      99.9994        0.0006              0.00
 Adoption of the Audit and
 Risk Committee report
 Ordinary Resolution 3 :       311 447 952          78.86      96.4245        3.5755              0.09
 Adoption of the
 Remuneration Committee
 report
 Ordinary Resolution 4 :       311 447 952          78.86      99.9994        0.0006              0.09
 Adoption of Social and
 Ethics Committee report
 Ordinary Resolution 5.1 :     311 818 212          78.95      99.9994        0.0006              0.00
 Confirmation of D. Green
 as director
 Ordinary Resolution 5.2 :     311 818 212          78.95      99.8806        0.1194              0.00
 Confirmation of N. Bila as
 director
 Ordinary Resolution 5.3 :     311 818 212          78.95      99.8806        0.1194              0.00
 Confirmation of T. Jali as
 director
 Ordinary Resolution 5.4 :     311 818 212          78.95      99.9994        0.0006              0.00
 Confirmation of D. Sekete
 as director
 Ordinary Resolution 5.5 :     311 818 212          78.95      99.9994        0.0006              0.00
 Confirmation of M. Hlobo
 as director
 Ordinary Resolution 6.1 :     311 818 212          78.95      99.9994        0.0006              0.00
 Appointment of M. Hlobo
 as a member of the Audit
 and Risk Committee
 Ordinary Resolution 6.2 :     311 818 212          78.95      99.8806        0.1194              0.00
 Re-appointment of N. Bila
 as a member of the Audit
 and Risk Committee
 Ordinary Resolution 6.3 :     311 818 212          78.95      99.9994        0.0006              0.00
 Re-appointment of D.
 Green as a member of the
 Audit and Risk Committee
 Ordinary Resolution 7 :       311 818 212          78.95      99.4026        0.5974              0.00
 Appointment of auditor
 Ordinary Resolution 8 :       311 818 212          78.95      96.3100        3.6900              0.00
 Authority to issue shares
 pursuant to a reinvestment
 of dividends
 Ordinary Resolution 9 :       311 818 212          78.95      99.9994        0.0006              0.00
 Signature of documents
 Ordinary Resolution 10 :      311 818 212          78.95      96.4287        3.5713              0.00
 General authority to issue
 shares for cash
 Advisory Vote 1 :             311 818 212          78.95      96.3100        3.6900              0.00
 Advisory endorsement of
 remuneration policy
 Advisory Vote 2 :             311 818 212          78.95      96.3100        3.6900              0.00
 Advisory endorsement of
 remuneration policy
 implementation
 Special Resolution 1 :        311 818 212          78.95      99.9994        0.0006              0.00
 Approval of 2020 fees
 payable to non-executive
 directors
 Special Resolution 2 :        311 818 212          78.95      96.4287        3.5713              0.00
 Share repurchase
 Special Resolution 3 :        311 818 212          78.95      96.4287        3.5713              0.00
 Financial assistance to
 related and inter-related
 parties
 Special Resolution 4 :        311 818 212          78.95      96.4287        3.5713              0.00
 Authority to issue shares to
 directors who elect
 dividend reinvestment
 options

*      Based on 394 959 976 shares in issue at the date of the AGM.
**     In relation to the total number of shares voted at the AGM.
***    In relation to the total number of shares in issue at the date of the AGM.

Based on the above voting results, all resolutions were passed by the requisite majority of Acsion
shareholders present in person or represented by proxy at the AGM.

1 August 2019

Sponsor
Nedbank Corporate and Investment Banking

Date: 01/08/2019 12:42:00
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