FREEDOM PROPERTY FUND LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

FREEDOM PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
Registration number: 2012/129186/06
Share code: FDP
ISIN: ZAE000185260
(“Freedom” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

Freedom shareholders are advised that, at the Annual General Meeting of the Company (“AGM”) held on 6 June
2019, in terms of the notice of AGM dated 6 May 2019, all the ordinary and special resolutions proposed thereat,
were approved by the requisite majority of votes as set out below.

As at Friday, 31 May 2019, being the AGM Record Date (“Voting Record Date”), the total number of Freedom
shares in issue was 1 204 429 031. The total number of Freedom shares that were present/represented at the AGM
was 838 632 227 being 69.63% of the total number of Freedom shares.

 Resolutions:                                     Shares voted                Votes        Vote for         Votes
                                                                          Abstained                        against
                                                  Number          % (1)         % (1)         % (2)           % (2)
 Ordinary resolution number 1:                 838 592 227       69.63        0.00(3)        99.95           0.05
 Adoption of the annual financial
 statements for the year ended
 28 February 2016
 Ordinary resolution number 2.1:               838 592 227       69.63        0.00(3)        99.95            0.05
 Ratification of the appointment on
 27 November 2015 of Mr Willem
 Grobbelaar as an independent non-
 executive director
 Ordinary resolution number 2.2:               838 592 227       69.63        0.00(3)        99.35            0.65
 Ratification of the appointment on
 27 November 2015 of Dr Phillip Dexter
 as an independent non-executive
 director
 Ordinary resolution number 2.3:               755 192 802       62.70          9.95         56.55           43.45
 Ratification of the appointment on
 15 December 2015 of Mr Hugo
 Lambrechts as a non-executive
 director
 Ordinary resolution number 2.4:               838 592 227       69.63        0.00(3)        99.95            0.05
 Ratification of the appointment on
 15 December 2015 of Mr Stephen
 Maritz as an executive director
 Ordinary resolution number 2.5:               838 592 227       69.63        0.00(3)        99.95            0.05
 Ratification of the appointment on
 7 October 2016 of Mr Willem Jansen
 van Rensburg as an executive director
Ordinary resolution number 2.6:           838 592 227      69.63         0.00(3)         99.95          0.05
Re-election of Mr Willem Grobbelaar
as an independent non-executive
director
Ordinary resolution number 3.1:           838 592 227      69.63         0.00(3)         99.95          0.05
Election of Dr Phillip Dexter as a
member and the Chairperson of the
Audit Committee
Ordinary resolution number 3.2:           838 592 227      69.63         0.00(3)         99.95          0.05
Election of Mr Willem Grobbelaar as a
member of the Audit Committee
Ordinary resolution number 4.1:           838 592 227      69.63         0.00(3)         99.35          0.65
Re-appointment of Moore Stephens
Cape Town Inc has the external
auditor of the company with Adele
Smit as the individual registered
auditor until the conclusion of the
next AGM
Ordinary resolution number 4.2:           838 592 227      69.63         0.00(3)         99.35          0.65
Authority of the Board to determine
the external auditors’ remuneration
Ordinary resolution number 5:             838 592 227      69.63         0.00(3)         99.95          0.05
Directors control of the authorised but
unissued shares
Ordinary resolution number 6:             838 592 227      69.63         0.00(3)         99.95          0.05
Authority for the directors to sign
documents
Non-binding Advisory Vote:                838 592 227      69.63         0.00(3)       68.06(4)        31.94
Endorsement of the company’s
remuneration policy
Special resolution number 1:              838 592 227      69.63         0.00(3)         99.35          0.65
Approval of the non-executive
directors’ remuneration
Special resolution number 2:              838 592 227      69.63         0.00(3)         99.95          0.05
General authority to repurchase the
company’s shares
Special resolution number 3:              838 592 227      69.63         0.00(3)         99.95          0.05
Financial assistance in terms of
sections 44 and 45 of the Companies
Act

Notes:
1. As a percentage of total ordinary shares in issue.
2. As a percentage of shares voted.
3. 40 000 votable shares voted against these resolutions and therefore shareholders are advised that
   these percentages have been rounded.
4. The non-binding advisory vote to endorse the Company’s remuneration policy was voted against by
   more than 25% of the votes exercised. Freedom has actively been engaging with the respective
   dissenting shareholders in this regard.

Paarl
6 June 2019

Sponsor
Questco Corporate Advisory Proprietary Limited

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