RAUBEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/023666/06)
JSE Share code: RBX
ISIN: ZAE000093183
(“Raubex” or “the company” or “the group”)


REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS AND RESIGNATION OF CHAIRMAN

Raubex shareholders are advised that at the annual general meeting of members held on Friday, 5 August
2022, all the ordinary and special resolutions as proposed in the notice of the annual general meeting,
excluding ordinary resolution number 7, were approved by the requisite majority of members.

Ordinary resolution number 3.1 was withdrawn prior to the commencement of the meeting.

In this regard, Raubex confirms the voting statistics from the annual general meeting as follows:

                                                                                   %          Number
 Total number of shares that could be voted at meeting                            100%       180 050 853
 Total number of shares present/represented including proxies at the meeting      91%        162 951 711
 as % of voteable shares

 Total number of shares present/represented including proxies at the meeting      90%        162 951 711
 as % of issued shares
 Total number of members present in person                                                         8

Votes for and against are in relation to the total number of shares voted at the meeting. Abstentions are in
relation to the voteable shares.

                                                 Votes in             Votes          Abstentions in    Shares voted
                                                Favour in           Against in         relation to
                                               relation to         relations to         voteable
                                              total number        total number           shares
                                                of shares           of shares
                                                  voted               voted
 Ordinary Resolution Number 1
 Adoption of the group and holding              162 722 863             100              228 748           162 722 963
 company audited annual financial
                                                   (100%)               (0%)             (0.13%)            (90.38%)
 statements for the year ended 28
 February 2022

 Ordinary Resolution Number 2
 Re-appointment of PwC as the                   117 935 206          44 993 811          22 694            162 929 017
 independent registered auditor of the
                                                  (72.38%)            (27.62%)           (0.01%)            (90.49%)
 company for the ensuing financial
 year, with the individual registered
 auditor who will undertake the audit
 during the financial year ending 28
 February 2023, being L Rossouw

 Ordinary Resolution Number 3.1
 Re-election of F Kenney as director                  _                   _                 _                  _
 (Resolution withdrawn)

 Ordinary Resolution Number 3.2
 Re-election of LA Maxwell as director          99 662 095           63 266 922          22 694            162 929 017

                                                  (61.17%)            (38.83%)           (0.01%)            (90.49%)
Ordinary Resolution Number 3.3
Re-election of BH Kent as director        158 774 012   4 155 005    22 694    162 929 017

                                           (97.45%)      (2.55%)     (0.01%)    (90.49%)

Ordinary Resolution Number 3.4
Re-election of SR Bogatsu as director     162 928 417     600        22 694    162 929 017

                                            (100%)        (0%)       (0.01%)    (90.49%)

Ordinary Resolution Number 4.1
Re-election of LA Maxwell,                99 297 051    63 631 966   22 694    162 929 017
independent non-executive director, as
                                           (60.94%)     (39.06%)     (0.01%)    (90.49%)
member of the audit committee for the
2023 financial year

Ordinary Resolution Number 4.2
Re-election of BH Kent, independent       153 964 498   8 964 519    22 694    162 929 017
non-executive director, as member of
                                            (94.5%)      (5.5%)      (0.01%)    (90.49%)
the audit committee for the 2023
financial year

Ordinary Resolution Number 4.3
Re-election of SR Bogatsu,                162 928 417   600          22 694    162 929 017
independent non-executive director, as
                                            (100%)        (0%)       (0.01%)    (90.49%)
member of the audit committee for the
2023 financial year

Ordinary Resolution Number 5
Confirmation of the appointment of        106 649 542   56 254 475   47 694    162 904 017
Dirk Cornelius Lourens as director of
                                          (65.47%)      (34.53%)     (0.03%)    (90.48%)
the company effective 1 August 2022

Ordinary Resolution Number 6
Endorsement of the company’s              157 419 380   5 510 937    21 394    162 930 317
remuneration policy
                                           (96.62%)      (3.38%)     (0.01%)    (90.49%)

Ordinary Resolution Number 7
Endorsement of the company’s              100 009 469   62 919 548   22 694    162 929 017
remuneration implementation report
                                           (61.38%)     (38.62%)     (0.01%)    (90.49%)

Ordinary Resolution Number 8
General authorisation to any director     162 928 517     500        22 694    162 929 017
or the company secretary of the
                                            (100%)       (0%)        (0.01%)    (90.49%)
company to do all such things and sign
all such documents as may be
necessary for, or incidental to the
implementation of the resolutions
passed at the meeting

Special Resolution Number 1
Approval of the remuneration of the       158 612 847   4 317 470    21 394    162 930 317
non-executive    directors   of     the
                                           (97.35%)      (2.65%)     (0.01%)    (90.49%)
company for the 2023 financial year
 Special Resolution Number 2
 Approval of the general authority of       158 495 829        4 433 188          22 694             162 929 017
 the company or any of its subsidiaries
                                             (97.28%)           (2.72%)           (0.01%)             (90.49%)
 from time to time, to repurchase the
 company’s own securities

 Special Resolution Number 3
 Sections 44 and 45 financial assistance    162 352 157         576 860           22 694             162 929 017
 to any company or corporation which
                                             (99.65%)           (0.35%)           (0.01%)             (90.49%)
 is related or inter-related to the
 company

 Special Resolution Number 4
 Adoption of new MOI                        161 919 050         229 500           803 161            162 148 550

                                             (99.86%)           (0.14%)           (0.45%)             (90.06%)


The non-binding advisory vote on the company’s remuneration implementation report was voted against by
more than 25% of the voting rights exercised by shareholders. Consequently, the company will initiate a
process to engage with the dissenting shareholders, as recommended in terms of King IV. Any shareholders
who would like to participate in this engagement process are requested to advise the company secretary by
e-mail at legal@raubex.com by Friday, 19 August 2022. Details on the consequent engagement process will
be communicated to those shareholders who have indicated their interest in participating to the company
secretary.

RESIGNATION OF CHAIRMAN
In compliance with paragraph 3.59 of the JSE Listings Requirements, shareholders are advised that Mr
Freddie Kenney, Chairman of the board of Raubex, has decided not to put himself forward for re-election as
director and Chairman of the board, and has tendered his resignation effective 5 August 2022.

Over the past 18 months Freddie has suffered two major personal tragedies, and in light of this, has
requested the board to relieve him from his duties as Chairman and director to afford him personal time to
grieve.

Freddie’s affiliation with Raubex spans nearly 20 years having joined Raubex as non-executive director and
shareholder in 2004. In 2017, Freddie succeeded Koos Raubenheimer as Chairman of the board of Raubex,
a position which he has held to date.

“It has been a privilege to have served Raubex as a non-executive director, and for the past five years,
Chairman. I have watched Raubex grow immensely during my tenure and I am proud of the role Raubex
has played in building the South African economy. I would like to thank my fellow board members and
executive management for their support over the years,” Freddie said.

The board wishes to thank Freddie for his invaluable contribution, dedicated leadership and commitment to
Raubex over the past 18 years, and he remains a valued shareholder of the group.

The board will make an announcement regarding the position of Chairman to be filled in due course.

Centurion
5 August 2022

Sponsor
Investec Bank Limited