Stefanutti Stocks Holdings Limited
(Registration number 1996/003767/06)
Share code: SSK
ISIN: ZAE000123766
(“Stefanutti Stocks” or “the Company”)


RESULTS OF GENERAL MEETING


1.    Introduction


      Stefanutti Stocks’ shareholders (“Shareholders”) are referred to the circular dated Tuesday, 25 October
      2022 issued by the Company (“Circular”), and containing a notice convening a general meeting of
      Shareholders (“Notice of General Meeting”) wherein Shareholders were advised that the Company’s
      wholly-owned subsidiaries, Stefanutti Stocks Mauritius Holdings Limited (“SSMH”), Stefanutti Stocks
      International Holdings Proprietary Limited ("SSIH"), Stefanutti Stocks Proprietary Limited (“SSPL”) and
      SS - Construções (Moçambique), Limitada ("SS Mozambique"), had (as relevant) entered into sale and
      purchase agreements and a loan agreement (relating to the disposal of quotas in SS Mozambique,
      disposal of shares in Stefanutti Stocks Construction Ltd and repayment of a trade receivable owing by
      SS Mozambique to SSPL) (the “Transaction”). Unless otherwise indicated, capitalised words and terms
      contained in this announcement shall bear the same meanings ascribed thereto in the Circular.

2.    Results of the General Meeting


2.1   Shareholders are advised that at the General Meeting held today, Tuesday, 22 November 2022, the
      ordinary resolutions set out in the Notice of General Meeting and required to be approved by
      Shareholders to authorise and implement the Transaction were passed by the requisite majority of votes
      of Shareholders present in person or represented by proxy at the General Meeting (which was held
      entirely by electronic communication).


2.2   The total number of voteable shares in issue at the date of the General Meeting was 167 243 684. The
      total number of shares present/represented, including proxies, entitled to vote at the General Meeting
      was 99 129 217 ordinary shares or 59,27% of Stefanutti Stocks issued ordinary share capital as of
      Friday, 11 November 2022, being the record date to be eligible to vote at the General Meeting.


2.3   The voting results of the resolutions proposed at the General Meeting, namely votes in favour (as a
      percentage of shares voted), votes against (as a percentage of shares voted), votes abstained (as a
      percentage of total issued share capital of the Company), and shares voted (as a percentage of the
      total issued share capital of the Company) are as follows:
 Ordinary resolution number 1 – Approval of the Transaction in terms of the JSE Listings Requirements


     FOR                     AGAINST                ABSTAIN                  SHARES VOTED


           99 111 686              17 531                   84 901                  99 129 217

            99,98%                 0,02%                    0,05%                     59,27%


 Ordinary resolution number 2 – Authority granted to directors


     FOR                     AGAINST                ABSTAIN                  SHARES VOTED


           99 111 686              17 531                   84 901                  99 129 217

            99,98%                 0,02%                    0,05%                     59,27%


3.     Conditions Precedent to the Transaction


       Shareholders should note that the implementation of the Transaction remains subject to the fulfilment
       or waiver, if applicable, of certain remaining conditions precedent set out in the Circular. The Company
       will keep Shareholders apprised, and further announcements will be released on SENS, regarding the
       fulfilment or waiver (as the case may be) of the remaining conditions precedent and the implementation
       of the Transaction.


Johannesburg
22 November 2022
Sponsor: Bridge Capital Advisors Proprietary Limited
Legal Advisor: Webber Wentzel
Transaction Advisor: Birkett Stewart McHendrie Proprietary Limited