RCL FOODS LIMITED - Report on proceedings at the annual general meeting

Report on proceedings at the annual general meeting

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL
("RCL FOODS" or "the Company")

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

At the 54th annual general meeting ("AGM") of the shareholders of RCL FOODS held today, 13 November 2020,
all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority
of votes. In this regard, RCL FOODS confirms the voting statistics from the AGM as follows:


Resolutions                        Votes cast disclosed as                                             Shares
                                   a percentage in relation                      Shares voted        abstained
                                    to the total number of                      disclosed as a     disclosed as a
                                      shares voted at the     Number of         percentage in       percentage in
                                            meeting          shares voted      relation to the     relation to the            
                                                                                total issued        total issued
                                                                                   shares*             shares*  
                                                                                      
                                       For        Against                                   

Ordinary resolutions
    
1.  Adoption of annual financial
    statements                       99,99961      0,00039     918 511 046         95,77756           0,00512

2.  Election and Re-election of 
    directors
2.1 Mr GCJ Tielenius Kruythoff       99,90804      0,09196     916 412 783         95,55877           0,22392
2.2 Mr HJ Carse                      94,56279      5,43721     916 240 732         95,54083           0,24186
2.3 Mrs CJ Hess                      91,78218      8,21782     916 412 783         95,55877           0,22392
2.4 Mr NP Mageza                     94,55095      5,44905     916 412 798         95,55877           0,22391
2.5 Mrs MM Nhlanhla                  94,47688      5,52312     916 412 798         95,55877           0,22391
2.6 Mr GM Steyn                      99,93653      0,06347     916 412 783         95,55877           0,22392
   
3.  Re-appointment of external
    auditors                         84,60655     15,39345     918 511 046         95,77756           0,00512

4.  Election of members of the 
    Audit Committee
4.1 Mrs CJ Hess                      91,78218      8,21782     916 412 798         95,55877           0,22391
4.2 Mr NP Mageza                     94,52218      5,47782     916 412 798         95,55877           0,22391
4.3 Mr DTV Msibi                     99,86262      0,13738     916 412 798         95,55877           0,22391
4.4 Mr GM Steyn                      99,93653      0,06347     916 412 798         95,55877           0,22392
    
5.  Control of authorised but
    unissued shares                  84,31253     15,68747     918 520 980         95,77860           0,00408

6.  Enabling resolution              99,93754      0,06246     918 511 046         95,77756           0,00512

7.  Non-binding advisory vote in
    respect of the Remuneration
    Policy                           96,55678      3,44322     918 510 046         95,77746           0,00522

8.  Non-binding advisory vote in
    respect of the Remuneration
    Implementation Report            98,00091      1,99909     918 511 046         95,77756           0,00512

Special Resolutions

1.  Financial assistance in terms
    of sections 44 and 45 of the
    Companies Act, 2008              98,41973      1,58027     918 511 046         95,77756           0,00512

2.  Approval of non-executive
    directors’ remuneration          99,93547      0,06453     918 520 046         95,77850           0,00418

3.  General authority to
    repurchase shares                99,87989      0,12011     918 520 046         95,77850           0,00418

Total issued share capital is 959 004 383 shares.

DURBAN
13 November 2020

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 13-11-2020 05:25:00
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