MASTER DRILLING GROUP LIMITED - Withdrawal of and modifications to certain ordinary resolutions proposed for adoption at the Company's AGM

Withdrawal of and modifications to certain ordinary resolutions proposed for adoption at the Company's AGM

Master Drilling Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2011/008265/06)
JSE share code: MDI
ISIN: ZAE000171948
(“Master Drilling” or the “Company”)

WITHDRAWAL OF AND MODIFICATIONS TO CERTAIN ORDINARY RESOLUTIONS PROPOSED
FOR ADOPTION AT THE COMPANY’S ANNUAL GENERAL MEETING (“AGM”) SCHEDULED FOR
14 JUNE 2021

Master Drilling shareholders are referred to the Notice of AGM (“the Notice”) distributed to shareholders
and as announced on SENS on 28 April 2021. With regard to the AGM to be held at 09h00 on Monday,
14 June 2021, the Company hereby gives notice of the amendments as detailed below to ordinary
resolutions numbers 2.3, 2.4 and 4.4 proposed in the Notice, dealing with the re-election of non-
executive directors retiring by rotation, with not filling any vacancies on the Board resulting from the
non-election of any retiring non-executive director, and with the re-election of OM Matloa as a member
of the audit committee.


Amendments:


1. The deletion of ordinary resolution number 2.3. The retiring directors are Mr HR van der Merwe, Mr
   AW Brink and Ms OM Matloa. The retiring directors that are proposed for re-election by the Board
   are Mr HR van der Merwe and Mr AW Brink.
2. The amendment of ordinary resolution number 2.4 by renumbering same as ordinary resolution
   number 2.3 and replacing it with the following resolution:
   “Resolved, in the event of a vacancy on the Board arising from a retiring director not being re-elected
   at this AGM, NOT to fill such vacancy by way of shareholders’ resolution at this Annual General
   Meeting or any adjournment thereof.”
3. The deletion of ordinary resolution 4.4. consequential on the deletion of ordinary resolution 2.3.


The amended Notice of AGM and Form of Proxy is available on the Company’s website
www.masterdrilling.com.



Fochville
26 May 2021

Sponsor
Investec Bank Limited

Date: 26-05-2021 02:07:00
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