MUSTEK LIMITED - Results Of Annual General Meeting

Results Of Annual General Meeting

Mustek Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share code: MST & ISIN: ZAE000012373
(“Mustek” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING (“AGM”)

The AGM of Mustek shareholders was held today, Thursday, 28 November 2019. All the special and
ordinary resolutions as set out in the notice of AGM to shareholders, dated 29 October 2019, were
approved by the requisite majority of shareholders.

Details of the results of voting at the annual general meeting are as follows:
   . total number of Mustek shares that could have been voted at the AGM: 70 000 000
   . total number of Mustek shares that were present/represented at the AGM: 54 005 869,
        representing 77,15% of the total number of Mustek shares that could have been voted at the
        AGM.

The special resolutions will be filed with the Companies and Intellectual Property Commission.

The voting details with respect to the proposed resolutions were as follows:

                                         For            Against        Abstained, in   Shares
                                                                       relation to     voted
                                                                       total shares
                                                                       in issue
 Ordinary resolution number 1: To
 re-elect Hein Engelbrecht as
 director
 Number of shares                        53 986 795     -              19 074          53 986 795
 Percentage                              100%           0,00%          0,03%           77,12%

 Ordinary resolution number 2: To
 re-elect Ralph Patmore as director
 Number of shares                        53 460 034     526 761        19 074          53 986 795
 Percentage                              99,02%         0,98%          0,03%           77,12%

 Ordinary resolution number 3: To
 re-elect Lindani Dhlamini as
 director
 Number of shares                        53 460 034     526 761        19 074          53 986 795
 Percentage                              99,02%         0,98%          0,03%           77,12%

 Ordinary resolution number 4:
 Confirmation of auditor’s
 reappointment
 Number of shares                        45 097 748     8 889 047      19 074          53 986 795
 Percentage                              83,53%         16,47%         0,03%           77,12%

 Ordinary resolution number 5:
 Appointment of Lindani Dhlamini
 to Audit and Risk Committee
 Number of shares                        53 460 034     526 761        19 074          53 986 795
 Percentage                              99,02%         0,98%          0,03%           77,12%

 Ordinary resolution number 6:
 Appointment of Ralph Patmore to
 Audit and Risk Committee
 Number of shares                        53 460 034     526 761        19 074          53 986 795
Percentage                           99,02%       0,98%       0,03%     77,12%

Ordinary resolution number 7:
Appointment of Mdu Gama to
Audit and Risk Committee
Number of shares                     53 986 795   -           19 074    53 986 795
Percentage                           100%         0,00%       0,03%     77,12%

Ordinary resolution number 8: 8.1
Endorsement of remuneration
policy
Number of shares                     53 094 995   891 800     19 074    53 986 795
Percentage                           98,35%       1,65%       0,03%     77,12%

Ordinary resolution number 8:8.2
Endorsement of the
implementation report
Number of shares                     53 094 995   891 800     19 074    53 986 795
Percentage                           98,35%       1,65%       0,03%     77,12%

Ordinary resolution number 9:
Placing of shares under the
directors’ control
Number of shares                     53 357 917   628 878     19 074    53 986 795
Percentage                           98,84%       1,16%       0,03%     77,12%

Ordinary resolution number 10:
General authority to issue shares
for cash
Number of shares                     53 000 378   986 417     19 074    53 986 795
Percentage                           98,17%       1,83%       0,03%     77,12%

Ordinary resolution number 11:
Authority to action
Number of shares                     53 986 795   -           19 074    53 986 795
Percentage                           100%         0,00%       0,03%     77,12%

Special resolution number 1:
Remuneration of non-executive
directors
Number of shares                     45 266 970   8 554 797   184 102   53 821 767
Percentage                           84,11%       15,89%      0,26%     76,89%

Special resolution number 2:
Financial assistance to related
and inter-related companies
Number of shares                     53 884 678   102 117     19 074    53 986 795
Percentage                           99,81%       0,19%       0,03%     77,12%

Special resolution number 3:
General authority to the company
and its subsidiaries to repurchase
shares
Number of shares                     53 884 678   102 127     19 064    53 986 805
Percentage                           99,81%       0,19%       0,03%     77,12%



Midrand
28 November 2019

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Date: 28-11-2019 02:17:00
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