Report on proceedings at the general meeting and update regarding the proposed BEE transaction Reunert Limited (Incorporated in the Republic of South Africa) (Registration number: 1913/004355/06) JSE code: RLO ISIN: ZAE000057428 (“Reunert” or the “Company”) REPORT ON PROCEEDINGS AT THE GENERAL MEETING AND UPDATE REGARDING THE PROPOSED BEE TRANSACTION Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the circular to shareholders of Reunert (“Shareholders”), dated Tuesday, 21 December 2021 (“Circular”). 1. INTRODUCTION Shareholders are referred to the Circular and the announcement published by Reunert on SENS on Tuesday, 23 November 2021 pertaining to the Proposed BEE Transaction, which comprises, inter alia: • the Restructure of the Original BEE Transaction; • the Specific Issue of Reunert Shares; and • the establishment of the ESOP for purposes of facilitating broad-based and meaningful participation by qualifying Reunert employees through an indirect shareholding by the ESOP in Reunert Shares. 2. RESULTS OF THE GENERAL MEETING At the General Meeting held on Tuesday, 15 February 2022, all of the Resolutions as set out in the Notice of General Meeting were approved and adopted by the requisite majority of Shareholders. The total issued share capital of Reunert is 184 969 196 Reunert Shares. Of these, 7 032 824 Shares are treasury shares (“Treasury Shares”), held by a subsidiary of Reunert and 18 500 000 Shares are held by Bargenel (“Bargenel Ordinary Shares”). Accordingly, the total number of Shares that were entitled to vote at the General Meeting in respect of special resolution number 1 and ordinary resolution number 2 was 177 936 372 Shares (excluding Treasury Shares) and the total number of Shares that were entitled to vote at the General Meeting in respect of ordinary resolution number 1 was 159 436 372 (excluding Treasury Shares and Bargenel Ordinary Shares). Reunert confirms the voting statistics for the General Meeting as follows: Resolutions Votes carried Number of Shares Shares (as a percentage Shares voted abstained of the total voted (as a (as a number of Shares percentage percentage voted) of the total of the total issued issued share share For Against capital) capital) Special resolution number 1: 99.99% 0.01% 145 818 430 78.83% 0.01% Approval of the financial assistance Ordinary resolution number 1: 99.99% 0.01% 127 317 080 68.83% 0.01% Approval of the Specific Issue of Reunert Shares Ordinary resolution number 2: 99.99% 0.01% 145 817 160 78.83% 0.01% Authorising Resolution 3. UPDATE REGARDING THE PROPOSED BEE TRANSACTION Reunert is pleased to advise that, following the approval of all the Resolutions at the General Meeting (as detailed above), and the filing with the CIPC of the special resolution passed by the shareholder of Bargenel in respect of the adoption of the New Bargenel MOI (which filing will be made shortly) the Proposed BEE Transaction will be implemented, in due course. Johannesburg 15 February 2022 Financial Advisor: Investec Bank Limited JSE Equity Sponsor: One Capital Sponsor Services Proprietary Limited Legal Advisor to Reunert: Bowman Gilfillan Inc. Date: 15-02-2022 05:30:00 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.