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Report on proceedings at the annual general meeting

Published: 2022-07-27 18:01:03 ET

Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
JSE Share code: DTC
ISIN: ZAE000017745
("Datatec")

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

At the annual general meeting (“AGM” or “the meeting”) of the shareholders of Datatec held on Wednesday, 27 July 2022, the special and ordinary resolutions proposed
at the AGM were unaltered from those reflected in the Notice of AGM and were approved by the requisite majority of votes.

During the past year, Datatec continued with its consultation process with shareholders on remuneration matters which is summarised in the Annual Report. The non-
binding advisory votes relating to remuneration have both exceeded the 75% support level referred to in the King Code.

The board will continue its consultation and engagement process with major shareholders.

DETAIL OF VOTING STATISTICS AT THE AGM
Datatec confirms the voting statistics from the AGM as follows:

 Total number of shares in issue                                                    221 745 341
 Treasury shares (excluded from voting)                                                       -
 Total number of shares represented (including proxies) at the AGM                  186 843 649
 Proportion of total voteable shares represented at the AGM                             84.26%



                                                                  Votes cast disclosed as a                      Shares voted              Shares
                                                                  percentage of the total                         disclosed as          abstained
                                                                  number of shares voted            Number of    a percentage       disclosed as a
  Resolution
                                                                      at the meeting              shares voted     of the total     percentage of
                                                                                                                        issued    the total issued
                                                                           For      Against                             shares              shares

  Ordinary resolution 1: Re-election of IP Dittrich
                                                                       99,59%        0,41%        186 372 358          84,05%              0,21%
  Ordinary resolution 2: Re-election of CRK Medlock
                                                                     99,56%        0,44%       186 372 358           84,05%              0,21%

  Ordinary resolution 3: Re-election of MJN Njeke
                                                                     84,53%       15,47%       186 372 358           84,05%              0,21%

  Ordinary resolution 4: Election of DS Sita
                                                                   100,00%         0,00%       186 372 358           84,05%              0,21%
  Ordinary resolution 5: Reappointment of independent
  auditors                                                           99,86%        0,14%       186 372 458           84,05%              0,21%
  Ordinary resolution 6.1: Election of Audit, Risk and
  Compliance Committee member - MJN Njeke                            80,57%       19,43%       186 372 458           84,05%              0,21%
  Ordinary resolution 6.2: Election of Audit, Risk and
  Compliance Committee member – DS Sita                            100,00%         0,00%       186 372 458           84,05%              0,21%
  Ordinary resolution 6.3: Election of Audit, Risk and
  Compliance Committee member - CRK Medlock                          99,64%        0,36%       186 372 458           84,05%              0,21%
  Ordinary resolution 7: Non-binding advisory vote on
  remuneration policy                                                95,60%        4,40%       186 372 358           84,05%              0,21%
  Ordinary resolution 8: Non-binding advisory vote on
  remuneration implementation                                        96,15%        3,85%       186 372 358           84,05%              0,21%
  Special resolution 1: Approval of non-executive directors’
  fees                                                               89,06%       10,94%       186 372 358           84,05%              0,21%
  Special resolution 2: Authority to provide financial
  assistance to any Group company                                    99,32%        0,68%       186 372 358           84,05%              0,21%
  Special resolution 3: General authority to repurchase
  shares                                                             95,97%        4,03%       186 110 072           83,93%              0,33%
  Ordinary resolution 9: Authority to sign all documents
  required                                                           99,87%        0,13%       186 372 358           84,05%              0,21%


The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

Sandton
27 July 2022
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.