MOMENTUM METROPOLITAN HOLDINGS LIMITED - Results of Annual General Meeting (AGM)

Results of Annual General Meeting (AGM)

MOMENTUM METROPOLITAN HOLDINGS LIMITED
(Previously MMI HOLDINGS LIMITED)
Incorporated in the Republic of South Africa)
Registration number: 2000/031756/06
ISIN Code: ZAE000149902
JSE Share Code: MTM
NSX Share Code: MMT
(“MMH” or “Company”)

Results of Annual General Meeting (AGM)

MMH advises its shareholders that all the ordinary and special resolutions proposed
in the notice of the AGM dated 15 October 2019, and tabled at the Company’s AGM
held on Tuesday, 26 November 2019, were passed by the requisite majority of votes
cast by shareholders. The voting details with respect to the proposed resolutions
were as follows:

Resolutions proposed                   Number of        Percentage     Percentage   Percentage   Percentage
                                       shares voted     shares         For **       Against**    Abstained*
                                       (excluding       voted*
                                       abstentions)     (excluding
                                                        abstentions)
Ordinary Resolution 1.1: Election of    1 210 416 748        80.83%        99.57%       0.43%        0.00%
Ms L de Beer
Ordinary Resolution 1.2: Election of    1 210 416 748        80.83%        97.20%       2.80%        0.00%
Mr MS Moloko
Ordinary Resolution 1.3: Election of    1 210 418 058        80.83%       100.00%       0.00%        0.00%
Ms SL McPherson
Ordinary Resolution 1.4: Election of    1 210 416 748        80.83%        99.65%       0.35%        0.00%
Ms LM Chiume
Ordinary Resolution 1.5: Election of    1 210 416 748        80.83%        99.68%       0.32%        0.00%
Ms KS Legoabe-Kgomari
Ordinary Resolution 2.1: Re-election    1 210 416 748        80.83%        99.68%       0.32%        0.00%
of directors – Mr V Nkonyeni
Ordinary Resolution 2.2: Re-election    1 210 416 748        80.83%        99.72%       0.28%        0.00%
of directors – Mr SC Jurisich
Ordinary Resolution 3: Appointment
of Ernst & Young Inc. as external
Auditors, with Ms Cornea de Villiers    1 210 419 111        80.83%        99.79%       0.21%        0.00%
as the designated audit partner
Ordinary Resolution 4.1: Appointment
of audit committee member – Mr FJC      1 210 416 748        80.83%        99.61%       0.39%        0.00%
Truter
Ordinary Resolution 4.2: Appointment
of audit committee member – Ms F        1 056 612 348        70.56%        95.49%       4.51%       10.09%
Daniels (Jakoet)
Ordinary Resolution 4.3: Appointment
of audit committee member – Ms L de     1 210 416 748        80.83%        99.95%       0.05%        0.00%
Beer
Ordinary Resolution 5:
Implementation of ordinary and          1 210 418 058        80.83%        99.97%       0.03%        0.00%
special resolutions
Ordinary Resolution 6: Passing of
non-binding advisory vote on MMH        1 210 384 858        80.83%        85.99%      14.01%        0.01%
Remuneration Policy
Ordinary Resolution 7: Passing of
non-binding advisory vote on MMH        1 210 386 858        80.83%        87.99%      12.01%        0.01%
Implementation Report
Special Resolution 1 – General          1 210 301 914        80.82%        99.93%       0.07%        0.01%
authority to repurchase company
shares
Special Resolution 2 – Approval to
provide Financial Assistance in
terms of sections 44 and 45 of the       1 210 418 439        80.83%      99.08%       0.92%          0.00%
Companies Act
Special Resolution 3: Non-executive      1 210 387 068        80.83%      99.90%       0.10%          0.01%
directors’ fees

*  Based on 1,497,475,356 ordinary plus 28,060,898 preference shares, being the total number of MMH
   shares in issue as at the date of the AGM
** Based on the number of shares voted, excluding abstentions

Shareholders are further advised that Mr Krige, having reached the age of seventy,
retires from the Board and Mr Moleketi retires from the Board, having decided not
to stand for re-election at the AGM. The Chairman expressed his and the Boards’
gratitude to Messrs Krige and Moleketi for their valued contribution to MMH over
the years and wished them well in their future endeavours.

By order of the Board

Centurion
27 November 2019

Sponsor:
Merrill Lynch South Africa (Pty) Limited

Date: 27-11-2019 12:10:00
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