DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB
ISIN: ZAE000197398
(“the Company”)


RESULTS OF THE ANNUAL GENERAL MEETING


Shareholders are hereby advised that at the annual general meeting of the Company held at
10:30 a.m. today, Monday, 21 August 2023 at the offices of the Company, Deneb Investments
Limited, 5th Floor Deneb House, 368 Main Road, Observatory, Cape Town, 7925 (“AGM”), all
of the resolutions were passed by the requisite majorities of the Company’s shareholders.

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


                                         Votes
                            Votes for    against
                            resolution   resolution
                            as a         as a                        Number of      Number of
                            percentage   percentage                  shares         shares
                            of total     of total                    voted at       abstained
                            number of    number of     Number of     AGM as a       as a
                            shares       shares        shares        percentage     percentage
 Resolutions                voted at     voted at      voted at      of shares in   of shares in
 proposed at the AGM        AGM          AGM           AGM           issue*         issue*
 Ordinary resolution
 number 1:
 Re-election of director:


 1.1:                       100%         0,00%         383,415,654   87,54%         0.00%
 Mr J A Copelyn


 1.2:                       100%         0,00%         383,415,654   87,54%         0.00%
 Mr D Duncan


 1.3:                       100%         0,00%         383,415,654   87,54%         0.00%
 Mr Y Shaik
 Ordinary resolution        100%         0,00%         383,415,654   87,54%         0.00%
 number 2:
 Re-appointment of
 auditor:
 PricewaterhouseCoop
 ers Inc


 Ordinary resolution
 number 3:
Re-appointment of
audit committee
members


3.1:                      100%     0,00%   383,415,654   87,54%   0.00%
Mr M H Ahmed


3.2:                      100%     0,00%   383,415,654   87,54%   0.00%
Ms N B Jappie


3.3:                      100%     0,00%   383,415,654   87,54%   0.00%
Ms K F Mahloma


Ordinary resolution       99,79%   0,21%   383,415,654   87,54%   0.00%
number 4:
General authority over
authorised but
unissued shares


Ordinary resolution       99,79%   0,21%   383,415,654   87,54%   0.00%
number 5:
Approval and adoption
of the Deneb
Investments Employee
Share Scheme (2023)


Ordinary resolution       99,79%   0,21%   375,053,957   87,30%   0.00%
number 6:
Approval of the
amendments to the
Deneb Investments
Employee Share
Scheme (2017)


Ordinary resolution       99,79%   0,21%   375,148,219   87,30%   0.00%
number 7:
Approval of the
amendments to the
Deneb Investments
Long Term Incentive
Plan Scheme (2014)


Ordinary resolution       100%     0,00%   383,415,654   87,54%   0.00%
number 8:
Directors’ authority to
implement company
resolutions


Non-binding advisory      99,79%   0,21%   383,415,654   87,54%   0.00%
vote number 1: Non-
binding advisory
 endorsement of
 remuneration policy


 Non-binding advisory      99,79%     0,21%         383,415,654   87,54%         0.00%
 vote number 2: Non-
 binding advisory
 endorsement of
 remuneration
 implementation report


 Special resolution        99,79%     0,21%         383,415,654   87,54%         0.00%
 number 1:
 General authority to
 issue shares, options
 and convertible
 securities for cash


 Special resolution        100%       0,00%         383,415,654   87,54%         0.00%
 number 2:
 Approval of annual
 fees to be paid to non-
 executive directors


 Special resolution        100%       0,00%         383,415,654   87,54%         0.00%
 number 3:
 General authority to
 repurchase company
 shares


 Special resolution        100%       0,00%         383,415,654   87,54%         0.00%
 number 4:
 Shareholders’ general
 authorisation of
 financial assistance




* The total number of shares in issue at the date of the AGM was 437 991 953 of which nil
were treasury shares, and taking into account shares repurchased in the market and that are
in the process of being delisted.

Cape Town
21 August 2023

Sponsor
PSG Capital