ADVTECH LIMITED - Results of the 2019 Annual General Meeting

Results of the 2019 Annual General Meeting

 ADvTECH Limited
 (Incorporated in the Republic of South Africa)
 (Registration number 1990/001119/06)
 Share code: ADH       ISIN: ZAE000031035
 ("ADvTECH” or “the Company” or “the Group")

RESULTS OF THE 2019 ANNUAL GENERAL MEETING

ADvTECH shareholders are advised that at the annual general meeting (“AGM”) of shareholders held
on Thursday, 30 May 2019, all the ordinary and special resolutions as set out in the notice of AGM, were
approved by the requisite majority of shareholders present or represented by proxy.

The meeting was well attended by 425 407 139 ADvTECH shares, representing 77.83% of the total
ordinary issued share capital of ADvTECH, voting in person or by proxy.

The resolutions proposed at the AGM, together with the percentage of shares abstained (as a
percentage of total issued share capital of the Company), as well as the percentage of votes carried for
and against each resolution (as a percentage of shares voted), are as follows:

 1.   Ordinary resolution number 1: Adoption of the annual financial statements

        FOR                              AGAINST                          ABSTAIN
        424 728 287                      4 040                            674 812
        99.9990%                         0.0010%                          0.1235%


 2.   Ordinary resolution number 2: Re-election of Dr JS Chimhanzi as a non-executive director

        FOR                              AGAINST                          ABSTAIN
        421 671 622                      3 044 275                        691 242
        99.2832%                         0.7168%                          0.1265%



 3.   Ordinary resolution number 3: Re-election of Professor JM Hofmeyr as a non-executive director

        FOR                              AGAINST                          ABSTAIN
        416 571 138                      8 144 759                        691 242
        98.0823%                         1.9177%                          0.1265%



 4.   Ordinary resolution number 4: Re-election of Mr KDM Warburton as a non-executive director

        FOR                              AGAINST                          ABSTAIN
        424 719 755                      6 972                            680 412
        99.9984%                         0.0016%                          0.1245%
5.    Ordinary resolution number 5: Re-election of Professor BM Gourley as a member of the audit
     committee

        FOR                            AGAINST                        ABSTAIN
        343 858 729                    80 868 998                     679 412
        80.9598%                       19.0402%                       0.1243%



6.   Ordinary resolution number 6: Re-election of Mr KDM Warburton as a member and the chairman
     of the audit committee

        FOR                            AGAINST                        ABSTAIN
        424 719 755                    6 972                          680 412
        99.9984%                       0.0016%                        0.1245%



7.   Ordinary resolution number 7: Re-election of Dr JS Chimhanzi as a member of the audit committee

        FOR                            AGAINST                        ABSTAIN
        424 706 001                    9 896                          691 242
        99.9977%                       0.0023%                        0.1265%



8. Ordinary resolution number 8: Appointment of external auditors

        FOR                            AGAINST                        ABSTAIN
        260 975 477                    163 756 850                    674 812
        61.4447%                       38.5553%                       0.1235%



9. Ordinary resolution number 9: Issuing shares for cash

        FOR                            AGAINST                        ABSTAIN
        412 613 334                    11 814 937                     978 868
        97.2163%                       2.7837%                        0.1791%



10. Ordinary resolution number 10: Signature of documents

        FOR                            AGAINST                        ABSTAIN
        424 725 149                    6 972                          675 018
        99.9984%                       0.0016%                        0.1235%



11. Non-binding advisory vote – Remuneration policy
       FOR                                AGAINST                           ABSTAIN
       358 626 690                        61 929 588                        4 850 861
       85.2744%                           14.7256%                          0.8874%



12. Non-binding advisory vote – Implementation policy

       FOR                                AGAINST                           ABSTAIN
       368 538 489                        56 144 526                        724 124
       86.7797%                           13.2203%                          0.1325%



13. Special resolution number 1: Approval of non-executive directors’ fees

       FOR                                AGAINST                           ABSTAIN
       423 982 932                        726 360                           697 847
       99.8290%                           0.1710%                           0.1277%



14. Special resolution number 2: Authority to make loans or give financial assistance to subsidiaries
     and related or inter-related companies

       FOR                                AGAINST                           ABSTAIN
       424 010 161                        717 360                           679 618
       99.8311%                           0.1689%                           0.1243%



15. Special resolution number 3: General authority for the acquisition of shares issued by the company

       FOR                                AGAINST                           ABSTAIN
       424 416 449                        7 722                             982 968
       99.9982%                           0.0018%                           0.1798%


Chris Boulle, Chairman of the ADvTECH Board gave the following statement:
“As disclosed in the Annual Integrated Report, enrolments in the Schools division, excluding
acquisitions, are relatively flat for the 2019 academic year. This is primarily due to the difficult economic
climate and continuing high levels of emigration. However, taking acquisitions into account, overall
student number growth in Schools increased by 12%. The Tertiary division continues to experience
good organic growth with student numbers increasing by 10%.
We are pursuing several initiatives to improve efficiency and effectiveness of the Schools structures
and processes. The benefit of these initiatives will be most evident in the medium-term.”


30 May 2019
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

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