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Results of annual general meeting
MAS P.L.C.
Registered in Malta
Registration number C 99355
JSE share code: MSP
ISIN: VGG5884M1041
LEI code: 213800T1TZPGQ7HS4Q13
(“MAS” or “the Company”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the annual general meeting held on Friday, 13 November 2026 (“AGM”), the
resolutions tabled thereat were passed by the requisite majority of shareholders, except as specified below.
The total number of MAS shares in issue as at the record date of the AGM was 716,145,729, of which:
- 45,135,608 shares are held as treasury shares and were not eligible to vote on any of the resolutions, and
- 11,207,248 shares (potential votes in respect of shares held pursuant to the MAS Share Purchase Scheme) were
not eligible to vote in respect of Resolutions 4, 5, 6, 7, 8 and 9 (resulting in 659,802,873 potential votes in respect
of these resolutions).
Shareholders holding 580,442,637 (81.05% inclusive of treasury shares, 86.50% exclusive of treasury shares) of the
shares in issue at the record date were present or represented at the AGM.
The results of voting at the AGM are set out in detail below.
Ordinary Business - Ordinary Resolutions
Resolution number 1: To receive and adopt the audited consolidated annual financial statements for the financial year
to 30 June 2026 and the directors’ report and the independent auditor's report.
Shares voted For Against Abstentions
580,411,709 (86.50%)* 514,484,996 (88.64%) 65,926,713 (11.36%) 30,928 (0.00%)^
Resolution number 2: To re-appoint PricewaterhouseCoopers Malta (PwC) as the auditor of the Company.
Shares voted For Against Abstentions
580,411,709 (86.50%)* 506,299,909 (87.23%) 74,111,800 (12.77%) 30,928 (0.00%)^
Resolution number 3.1: To re-elect Yovav Carmi – Independent Non-Executive Director.
Shares voted For Against Abstentions
580,423,831 (86.50%)* 520,275,603 (89.64%) 60,148,228 (10.36%) 18,806 (0.00%)^
Resolution number 3.2: To re-elect Dewald Joubert – Independent Non-Executive Director and Chairman.
Shares voted For Against Abstentions
580,423,831 (86.50%)* 513,390,216 (88.45%) 67,033,615 (11.55%) 18,806 (0.00%)^
Special Business - Ordinary Resolutions
Resolution number 4: General authority to issue shares for cash pursuant to article 3.12.1(e) of the Articles of
Association.
Shares voted For Against Abstentions
580,423,831 (87.97%)** 476,052,855 (82.02%) 104,370,976 (17.98%) 18,806 (0.00%)^^
Special Business - Extraordinary Resolutions
Resolution number 5: General authority to repurchase issued shares.
Shares voted For Against Abstentions
580,425,852 (87.97%)** 500,109,267 (86.16%) 80,316,585 (13.84%) 16,785 (0.00%)^^
Resolution number 6: Standing authority to undertake pro rata repurchases of ordinary shares.
Shares voted For Against Abstentions
580,349,434 (87.96%)** 499,337,856 (86.04%) 81,011,578 (13.96%) 93,203 (0.01%)^^
Special Business – Advisory, Non-binding Approvals (Ordinary Resolutions)
Resolution number 7: Advisory, non-binding approval of compensation policy.
Shares voted For Against Abstentions
566,659,214 (85.88%)** 400,902,631 (70.75%) 165,756,583 (29.25%) 13,783,423 (2.09%)^^
Resolution number 8: Advisory, non-binding approval of compensation implementation report for Non-Executive
Directors.
Shares voted For Against Abstentions
566,659,214 (85.88%)** 424,035,976 (74.83%) 142,623,238 (25.17%) 13,783,423 (2.09%)^^
Resolution number 9: Advisory, non-binding approval of compensation implementation report for Executive Directors.
Shares voted For Against Abstentions
566,582,796 (85.87%)** 443,252,426 (78.23%) 123,330,370 (21.77%) 13,859,841 (2.10%)^^
* Shares voted (excluding abstentions) in relation to total shares in issue, excluding treasury shares.
^ Abstentions in relation to total shares in issue, excluding treasury shares.
** Shares voted (excluding abstentions) in relation to total shares in issue excluding treasury shares and shares held
pursuant to the MAS Share Purchase Scheme.
^^ Abstentions in relation to total shares in issue excluding treasury shares and shares held pursuant to the MAS Share
Purchase Scheme.
Resolution number 7 regarding the Company’s Compensation Policy, and Resolution number 8 regarding the
Company’s Implementation Report for Non-Executive Directors, did not achieve the 75% threshold of the votes
exercised on the non-binding advisory vote for their endorsement, as required by JSE Listings Requirements.
The Board invites dissenting shareholders who voted against Resolutions number 7 and 8 to address their concerns by
submitting an email to cosec@masrei.com by 27 November 2026.
13 November 2026
For further information please contact:
PSG Capital, JSE Sponsor +27 (0)10 978 2434
The Nielsen Network +27 (0)82 597 0140
Date: 13/11/2026 12:30:00
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