SAFARI INVESTMENTS RSA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/015002/06)
Approved as a REIT by the JSE Limited
Share code: SAR
ISIN: ZAE000188280
(“Safari” or “the Company”)


RESULTS OF THE GENERAL MEETING


Shareholders of Safari ("Shareholders") are referred to the Firm Intention Announcement
released by the Company on Wednesday, 22 February 2023 and the circular distributed to
Shareholders on 1 March 2023 (“Circular”) wherein Shareholders were advised that Safari
has entered into a Repurchase Agreement to repurchase the Repurchase Shares from the
Nominee for the Repurchase Consideration of R5.87 per Share, which aggregate amount is
equal to R311,110,000 and the intended subsequent Delisting and Cancellation of the
Repurchase Shares from the JSE Limited.

Unless defined in the body of this announcement, capitalised terms shall bear the meanings
ascribed to them in the Circular.

Shareholders are hereby advised that at the general meeting of the Company held virtually at
12:00 today, Friday, 31 March 2023 (“GM”), all of the resolutions were passed by the requisite
majorities of the Company’s Shareholders.

Details of the results of the voting at the GM are as follows:

                                               Votes
                            Votes for         against
                           resolution      resolution                    Number of      Number of
                                  as a            as a                      Shares         Shares
                          percentage      percentage                   voted at GM      abstained
                              of total        of total                         as a           as a
 Resolutions               number of       number of      Number of     percentage     percentage
 proposed at the              Shares          Shares          Shares   of Shares in   of Shares in
 AGM                     voted at GM     voted at GM     voted at GM         issue*         issue*
 Special Resolution           99.99%           0.01%     178 882 135        57.55%          0.00%
 Number 1:
 Approval for the
 Repurchase in terms
 of sections 48(8)(b),
 114(1)(e) and
 115(2)(a) of the
 Companies Act and
 paragraph 5.69 of
 the JSE Listings
 Requirements
 Ordinary Resolution          99.99%           0.01%     178 882 135       57.55%           0.00%
 Number 1:
 Authority of the
 directors
Note:
*Total number of Shares in issue as at the date of the GM was 310 826 016, of which
53 000 000 were treasury shares, being the Repurchase Shares and were not eligible to be
voted.

The directors collectively and individually accept full responsibility for the accuracy of the
information given and certify that to the best of their knowledge and belief there are no facts
that have been omitted which would make any statement false or misleading, and that all
reasonable enquiries to ascertain such facts have been made and that this announcement
contains all information required by law and the JSE Listings Requirements.

The Independent Board collectively and individually accept full responsibility for the accuracy
of the information given and certify that to the best of their knowledge and belief there are no
facts that have been omitted which would make any statement false or misleading, and that
all reasonable enquiries to ascertain such facts have been made and that this announcement
contains all information required by law and the JSE Listings Requirements.

Pretoria
31 March 2023



Sponsor
PSG Capital

Legal Advisor
Webber Wentzel

Corporate Advisor
Moore Corporate Finance

Independent Expert
Valeo Capital

Queries:
Pieter Van Niekerk
Email: pieter@safari-investments.com
Tel: +27 (0)12 365 1889