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Results of the annual general meeting
AFRIMAT LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT
ISIN: ZAE000086302
("Afrimat" or "the Company")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are hereby advised that the results of the voting at the annual general meeting
of the Company held at 14:00 on Wednesday, 29 July 2026, at the Company's registered
office at Tyger Valley Office Park No. 2, Corner of Willie van Schoor Avenue and Old Oak
Road, Tyger Valley, 7530 ("AGM") are as follows:
Votes
Votes for against
resolution resolution
as a as a
percentage percentage
of total of total
number of number of Number of Number of Number of
Resolutions shares shares shares shares shares
proposed at voted at voted at voted at voted at abstained
the AGM AGM AGM AGM AGM (%)¹ (%)¹
Ordinary
resolution
number 1: To
adopt the 2026
Annual
Financial
Statements 100.00% 0.00% 107 208 341 66.88% 0.02%
Ordinary
resolution
number 2: To
re-elect Mr
Francois M
Louw as a
director 99.92% 0.08% 107 018 717 66.76% 0.14%
Ordinary
resolution
number 3: To
re-elect Mr
Nicolaas AS
Kruger as a
director 99.87% 0.13% 107 234 431 66.90% 0.00%
Ordinary
resolution
number 4: To
re-elect Mr
Loyiso Dotwana
as a director 99.51% 0.49% 107 234 431 66.90% 0.00%
Ordinary
resolution
number 5: To
re-appoint Mr
Jacobus F
(Derick) van der
Merwe as a
member of the
Audit & Risk
Committee 84.73% 15.27% 107 204 431 66.88% 0.02%
Ordinary
resolution
number 6: To
re-appoint Ms
Sisanda Tuku
as a member of
the Audit & Risk
Committee 99.65% 0.35% 107 234 431 66.90% 0.00%
Ordinary
resolution
number 7: To
re-appoint Mr
Nicolaas AS
Kruger as a
member of the
Audit & Risk
Committee 99.83% 0.17% 107 234 431 66.90% 0.00%
Ordinary
resolution
number 8: To
re-appoint Mr
Loyiso Dotwana
as a member of
the Social,
Ethics &
Sustainability
Committee 99.53% 0.47% 107 234 431 66.90% 0.00%
Ordinary
resolution
number 9: To
appoint Mr
Pierre Joubert
as a member of
the Social,
Ethics &
Sustainability
Committee 99.77% 0.23% 107 234 431 66.90% 0.00%
Ordinary
resolution
number 10: To
appoint Mr
Jacobus F
(Derick) van der
Merwe as a
member of the
Social, Ethics &
Sustainability
Committee 99.72% 0.28% 107 204 431 66.88% 0.02%
Ordinary
resolution
number 11: To
appoint Mr
Gerhard
Odendaal as a
member of the
Social, Ethics
& Sustainability
Committee 100.00% 0.00% 106 640 431 66.53% 0.37%
Ordinary
resolution
number 12: To
appoint Mr
Collin
Ramukhubathi
as a member of
the Social,
Ethics &
Sustainability
Committee 100.00% 0.00% 106 862 219 66.66% 0.24%
Ordinary
resolution
number 13: To
re-appoint
Pricewaterhouse
Coopers Inc.
as auditor 99.54% 0.46% 107 234 431 66.90% 0.00%
Ordinary
resolution
number 14:
Non-binding
endorsement of
Afrimat's
remuneration
policy 98.20% 1.80% 107 234 431 66.90% 0.00%
Ordinary
resolution
number 15:
Non-binding
endorsement of
Afrimat's
implementation
report on the
remuneration
policy 95.57% 4.43% 104 070 859 64.92% 1.98%
Ordinary
resolution
number 16:
General
authority to
issue ordinary
shares for cash 97.25% 2.75% 107 238 638 66.90% 0.00%
Ordinary
resolution
number 17:
General
authority to
repurchase
shares 97.79% 2.21% 107 234 431 66.90% 0.00%
Ordinary
resolution
number 18:
Amendment of
Forfeitable
Share Plan
Rules 99.41% 0.59% 106 605 033 66.50% 0.00%
Ordinary
resolution
number 19: To
authorise any
director or the
Company
Secretary to
sign
documentation 99.77% 0.23% 107 232 431 66.90% 0.01%
Special
resolution
number 1:
Remuneration
of Chairman of
the Board 99.64% 0.36% 107 016 717 66.76% 0.14%
Special
resolution
number 2:
Remuneration
of non-executive
directors 97.43% 2.57% 107 232 431 66.90% 0.01%
Special
resolution
number 3:
Remuneration
of Chairman of
the Audit & Risk
Committee 99.64% 0.36% 107 232 431 66.90% 0.01%
Special
resolution
number 4:
Remuneration
of Audit & Risk
Committee
members 99.64% 0.36% 107 232 431 66.90% 0.01%
Special
resolution
number 5:
Remuneration
of Chairman of
the
Remuneration &
Nominations
Committee 99.64% 0.36% 107 232 431 66.90% 0.01%
Special
resolution
number 6:
Remuneration
of
Remuneration &
Nominations
Committee
members 99.64% 0.36% 107 232 431 66.90% 0.01%
Special
resolution
number 7:
Remuneration
of Chairman of
the Social,
Ethics &
Sustainability
Committee 99.64% 0.36% 107 232 431 66.90% 0.01%
Special
resolution
number 8:
Remuneration
of Social, Ethics
& Sustainability
Committee
members 99.64% 0.36% 107 232 431 66.90% 0.01%
Special
resolution
number 9:
Remuneration
of Chairman of
the Investment
Review
Committee 99.64% 0.36% 107 232 431 66.90% 0.01%
Special
resolution
number 10:
Remuneration
of Investment
Review
Committee
members 99.64% 0.36% 107 016 717 66.76% 0.14%
Special
resolution
number 11: Ad
hoc
remuneration of
non-executive
directors under
rare
circumstances 98.75% 1.25% 107 018 717 66.76% 0.14%
Special
resolution
number 12:
Financial
assistance for
the subscription
and/or purchase
of shares in the
Company or a
related or inter-
related
company 90.05% 9.95% 107 231 217 66.90% 0.01%
Notes:
1. Total number of shares in issue as at the date of the AGM was 160 297 456.
2. No resolutions were added or amended at the AGM.
Cape Town
30 July 2026
Sponsor
Valeo Capital (Pty) Ltd
Date: 30-07-2026 12:00:00
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