ASTRAL FOODS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

ASTRAL FOODS LIMITED
(Reg. No. 1978/003194/06)
(Incorporated in the Republic of South Africa)
Share Code: ARL
ISIN Code: ZAE000029757
("Astral Foods" or the "Company")

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that the voting results of the hybrid annual general meeting of Astral Foods ("AGM") held on
Thursday, 1 February 2024, were as follows:


  Resolutions                                    Number of     Percentage       For**      Against**      Abstained
                                                    shares   of shares in           %              %            ***
                                                     voted         issue*                                         %
                                                                        %
  1. Ordinary resolution number 1:
     Consideration and adoption of
     annual financial statements                28 615 972          66.67       100.0            0.0           0.33

  2. Ordinary resolution number 2:
     Election of Mr JAI Ferreira as
     director                                   28 754 090          66.99       99.78           0.22            0.0

  3. Ordinary resolution number 3:
     Re-election of directors
     3.1. Mr DJ Fouché                          28 754 090          66.99       91.10           8.90            0.0
     3.2. Mr S Mayet                            28 754 090          66.99       100.0            0.0            0.0

  4. Ordinary resolution number 4:
     Re-appointment of members of the
     Audit and Risk Management
     Committee
     4.1. Mr DJ Fouché (subject to
          approval of ordinary
          resolution 3.1)                       28 754 090          66.99       92.62           7.38            0.0
     4.2. Mr S Mayet (subject to
          approval of ordinary
          resolution 3.2)                       28 754 090          66.99       100.0            0.0            0.0
     4.3. Mrs TM Shabangu                       28 754 090          66.99       62.34          37.66            0.0

  5. Ordinary resolution number 5:
     Re-appointment of members of the
     Social and Ethics Committee
     5.1. Mrs TM Shabangu                       28 755 540          66.99       99.44           0.56            0.0
     5.2. Dr T Eloff                            28 755 540          66.99       93.80           6.20            0.0
     5.3. Mr GD Arnold                          28 755 540          66.99       100.0            0.0            0.0
     5.4. Mr LW Hansen (independent
          consultant)                           28 755 540          66.99       88.74          11.26            0.0

  6. Ordinary resolution number 6:
     Appointment of the new
     independent auditor                        28 754 090          66.99       99.33           0.67            0.0

  7. Ordinary resolution number 7:              26 563 926          61.89       84.98          15.02           5.11
     Approval of the Remuneration
     Policy

  8. Ordinary resolution number 8:
     Approval of the implementation of
     the Remuneration Policy                    28 754 090          66.99       77.94          22.06            0.0

  9. Ordinary resolution number 9:
     Signature of documentation                 28 754 090          66.99       100.0            0.0            0.0

 10. Special resolution number 1:
     Fees payable to non-executive
     directors                                  28 754 090          66.99       88.87          11.13            0.0

 11. Special resolution number 2:
     Authority to provide financial
     assistance to related and inter-
     related companies                          28 754 090          66.99       100.0            0.0            0.0

 12. Special resolution number 3:
     General authority to repurchase
     shares in the Company                      28 754 090          66.99       100.0            0.0            0.0


*       Based on 42 922 235 shares in issue as 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 as at the date of the AGM.


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


Lanseria
2 February 2024

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 02-02-2024 07:05:00
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