ETION LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/001222/06)
(Share Code: ETO)
(ISIN: ZAE000257739)
(“Etion” or “the Company”)


RESULTS OF THE ANNUAL GENERAL MEETING


Shareholders are hereby advised that at the annual general meeting of the Company held via a
remote interactive electronic platform at 10:00 today, 14 December 2022 (“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 as    resolution as                      Number of       Number of
                           a percentage     a percentage                    shares voted          shares
                                 of total         of total                   at AGM as a    abstained as
                              number of        number of       Number of      percentage    a percentage
 Resolutions               shares voted     shares voted     shares voted    of shares in    of shares in
 proposed at the AGM             at AGM           at AGM          at AGM           issue*         issue*
 Ordinary resolution
 number 1:
 Re-election of Martie
 Janse van Rensburg
 who retires by rotation           100%            0.00%      261 840 258        46.39%            0.19%
 Ordinary resolution
 number 2:
 Re-election of Elvin de
 Kock who retires by
 rotation                          100%            0.00%      261 840 258        46.39%            0.19%
 Ordinary resolution
 number 3:
 Election of Zuziwe
 Ntsalaze                        99.98%            0.02%      255 191 807        45.21%            1.37%
 Ordinary resolution
 number 4:
 Re-appointment of
 Martie Janse van
 Rensburg as member
 and chairperson of the
 Audit and Risk
 Committee                         100%            0.00%      261 840 257        46.39%            0.19%
 Ordinary resolution
 number 5:
 Appointment of Zuziwe
 Ntsalaze as member
 of the Audit and Risk
 Committee                       99.98%            0.02%      255 191 807        45.21%            1.37%
 Ordinary resolution
 number 6:
 Re-appointment of             100%          0.00%    261 840 258        46.39%   0.19%
 Coenraad Petrus
 Bester as member of
 the Audit and Risk
 Committee
 Ordinary resolution
 number 7:
 Re-appointment of
 PwC as external
 auditor                       100%          0.00%    261 840 258        46.39%   0.19%
 Ordinary resolution
 number 8:
 Non-binding
 endorsement of Etion
 Limited’s
 Remuneration Policy         99.98%          0.02%    261 836 257        46.39%   0.19%
 Ordinary resolution
 number 9:
 Non-binding
 endorsement of Etion
 Limited’s
 Implementation Report       99.99%          0.01%    261 836 257        46.39%   0.19%
 Special resolution
 number 1:
 Remuneration of Non-
 Executive Directors         99.76%          0.24%    262 426 258        46.50%   0.08%
 Special resolution
 number 2:
 Remuneration of Non-
 Executive Directors for
 ad hoc board
 committees                  99.76%          0.24%    262 426 257        46.50%   0.08%

Note:
*Total number of shares in issue as at the date of the AGM was 564 411 033.

Pretoria
14 December 2022

Designated Advisor
PSG Capital