MAS PLC - Update in relation to the Extraordinary General Meeting withdrawal of certain nominated board candidates

Update in relation to the Extraordinary General Meeting – withdrawal of certain nominated board candidates

MAS P.L.C.
Registered in Malta
Registration number C 99355
JSE share code: MSP
ISIN: VGG5884M1041
LEI code: 213800T1TZPGQ7HS4Q13
("MAS" or the "Company")


UPDATE IN RELATION TO THE EXTRAORDINARY GENERAL MEETING – WITHDRAWAL OF CERTAIN NOMINATED BOARD CANDIDATES

Shareholders are referred to the announcement released on 9 July 2025, whereby shareholders were
advised that the Company received a notice of request for the requisition of an extraordinary general
meeting ("EGM") from MAS shareholders holding, in aggregate, more than 15% of the voting rights in
respect of the matters for which the EGM had been requested ("Requisitioning Shareholders"), in
terms of article 12.2 of the articles of association of MAS. Shareholders are further referred to the
subsequent announcement released on 22 July 2025 regarding the publication and posting of the notice
of the EGM ("the Notice").

Shareholders are hereby advised that the Company received a notice from the Requisitioning
Shareholders yesterday advising the board of directors of MAS ("Board") that the four candidates put
forward by the Requisitioning Shareholders for election to the Board have withdrawn their respective
consents to nomination and accordingly the Requisitioning Shareholders have formally notified the
Board of the withdrawal of the following resolutions as contained in the Notice from their requisition:

    -   Ordinary Resolution Number 4 - Appointment of Mr Des de Beer as director;

    -   Ordinary Resolution Number 5 — Appointment of Mr Robert Emslie as director;

    -   Ordinary Resolution Number 6 — Appointment of Mr Sundeep Naran as director; and

    -   Ordinary Resolution Number 7 — Appointment of Mr Stephen Delport as director.

        (collectively referred to as the "Withdrawn Resolutions").

Accordingly, Shareholders should note that the Withdrawn Resolutions will be withdrawn at the EGM
to be held on Wednesday, 27 August 2025, and will accordingly not be voted on. Shareholders should,
however, note that the remaining ordinary resolutions contained in the Notice will still be voted on and
are not affected by the Withdrawn Resolutions.


21 August 2025

For further information please contact:

 Irina Grigore, MAS P.L.C.                           +356 27 66 36 91
 Valeo Capital, JSE Sponsor                          +27 21 851 0091
 Investec Bank Limited, Corporate Advisor            +27 11 291 3269
 Webber Wentzel, Legal Advisor

Date: 21-08-2025 07:47:00
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