MPACT LIMITED - Report on proceedings at the annual general meeting

Report on proceedings at the annual general meeting

Mpact Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
JSE share code: MPT ISIN: ZAE000156501
(“Mpact” or “the Company”)

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

At the 2018 annual general meeting (“AGM”) of the shareholders of Mpact held today, 5 June 2018 all the
ordinary and special resolutions proposed at the meeting were approved by the requisite majority of
votes. In this regard, Mpact confirms the voting statistics from the AGM as follows:

                                    Votes carried disclosed                  Shares voted   Shares
                                    as a percentage in                       disclosed as   abstained
                                    relation to the total                    a percentage   disclosed as a
                                    number of shares voted                   in relation    percentage in
                                    at the meeting                           to the total   relation to the
                                                              Number of      issued share   total issued
                                    For          Against      shares voted   capital*       share capital
Ordinary Resolution Number 1 -
Acceptance of annual financial
statements                          100.00%      0.00%        151 078 494    87.50%         0.09%

Ordinary Resolution Number 2 –
Re-election and appointment of
director – Mr AJ Phillips           95.78%       4.22%        151 078 494    87.50%         0.09%

Ordinary Resolution Number 3 –
Re-election and appointment of
director – Ms NP Dongwana           99.79%       0.21%        151 078 494    87.50%         0.09%

Ordinary Resolution Number 4 –
Appointment of Auditors             83.22%       16.78%       151 078 494    87.50%         0.09%

Ordinary Resolution Number 5 -
Election of independent Audit and
Risk Committee – Mr TDA Ross        100.00%      0.00%        151 078 494    87.50%         0.09%

Ordinary Resolution Number 6 –
Election of independent Audit and
Risk Committee – Ms NP Dongwana     100.00%      0.00%        151 078 494    87.50%         0.09%

Ordinary Resolution Number 7 -
Election of independent Audit and
Risk Committee – Mr AM Thompson     79.28%       20.72%       151 078 494    87.50%         2.61%

Ordinary Resolution Number 8 –
Approval of Mpact’s Remuneration
Policy                              99.85%       0.15%        151 078 494    87.50%         0.09%

Ordinary Resolution Number 9 –
Implementation of the
Remuneration Policy                 85.21%       14.79%       151 078 494    87.50%         0.09%

Special resolution number 1 –
General authority to repurchase
shares in terms of JSE Listings
Requirements                        99.56%       0.44%        151 078 494    87.50%         0.09%
 
Special resolution number 2 –
Approval of non-executive
directors fees                      100.00%      0.00%        151 078 494    87.50%         0.09%

Special Resolution Number 3 –
Authority to provide financial
assistance in terms of Section 44
and 45 of Companies Act             98.70%       1.30%        151 078 494    87.50%         0.92%

*Total issued share capital is 172 649 308

The special resolution/s will, where necessary, be lodged for registration with the Companies and
Intellectual Property Commission in due course.

Sandton
6 June 2018

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

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