Results of Shareholder Meeting SAB Zenzele Kabili Holdings (RF) Limited (Incorporated in the Republic of South Africa) Registration number: 2019/616052/06 JSE Share Code: SZK ISIN: ZAE000284196 (“SAB Zenzele Kabili” or the “Company”) RESULTS OF SHAREHOLDER MEETING Unless otherwise defined herein, capitalised terms used in this announcement shall bear the meanings ascribed to them in the circular distributed to qualifying retailer shareholders of SAB Zenzele Holdings (RF) Limited on 8 April 2021 ("Circular"), incorporating a notice of general meeting for purposes of approving the requisite resolutions required to implement the Scheme, as contemplated in the announcement published by AB InBev dated 7 April 2021. Retailer Shareholders are hereby advised that at the special general meeting of SAB Zenzele (“Shareholder Meeting”) held and conducted entirely by electronic communication at 10:00 on Monday, 10 May 2021, all of the resolutions were passed by the requisite majorities of Retailer Shareholders. Details of the results of the voting at the Shareholder Meeting are as follows: Votes for Votes against Number of resolution as resolution as shares Number of a percentage a percentage voted at the shares of total of total Shareholder abstained number of number of Number of Meeting as a as a shares voted shares voted shares voted percentage percentage at the at the at the of the total of the total Resolutions proposed at the Shareholder Shareholder Shareholder shares in shares in Shareholder Meeting Meeting Meeting Meeting issue issue Special resolution number 1: 94.75% 5.25% 5 423 108 29.04% 1.46% Approval of certain amendments to SAB Zenzele MOI Special resolution number 2: 95.01% 4.99% 5 396 490 28.89% 1.53% Approval of the Scheme Notes: i. The total number of SAB Zenzele Shares in issue as at the date of the Shareholder Meeting was 18,676,639. ii. Total number of SAB Zenzele Shares that were present/represented at the Shareholder Meeting: 5 423 108 being 29.04 % of the total number of SAB Zenzele Shares that could have been voted at the Shareholder Meeting. Update regarding the Scheme Although the above resolutions were approved at the Shareholder Meeting as detailed above, implementation of the Scheme remains subject to the fulfilment or waiver of the remaining Scheme Conditions Precedent as set out in paragraph 5.4 of the Circular. A further announcement will be published in due course in which Retailer Shareholders will be provided with an update with regard to, inter alia, the remaining Scheme Conditions Precedent and the salient dates and times in respect of the Scheme. Directors responsibility statement The SAB Zenzele Board individually and collectively accept full responsibility for the accuracy of the information contained in this announcement. In addition, the SAB Zenzele Board certifies that to the best of its knowledge and belief, the information contained in this announcement is true and, where appropriate, does not omit anything that is likely to affect the importance of the information contained herein and that all reasonable enquiries to ascertain such information has been made. Bryanston 11 May 2021 JSE Sponsor to SAB Zenzele Kabili RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 11-05-2021 05:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.