Absa Group Limited (JSE:ABG) News - Results of Annual General Meeting of Absa Group

Absa Group Limited
Registration number: 1986/003934/06
Incorporated in the Republic of South Africa
JSE share code: ABG
ISIN: ZAE000255915
Bond Issuer Code: ABGI
(“Absa Group”, “Group” or “Company”)

RESULTS OF ANNUAL GENERAL MEETING OF ABSA GROUP

Shareholders are advised that at the virtual Annual General Meeting of Absa Group held on Friday, 3 June 2022, all
the ordinary and special resolutions as set out in the notice of the annual general meeting dispatched to shareholders
on 7 April 2022 were passed, on a poll, by the requisite majorities.

Details of the results of the voting are as follows:

Total issued share capital: 847 750 679
Total number of shares present/ represented including proxies at the meeting: 660 060 561 being 77.86% of the total
votable shares.


                                                                                                           % of
                                                                         Abstain                          Issued
 Title                                           For %     Against %       %*           Total Votes       Capital*
 Ordinary Resolution number 1: Re-
 appointment of KPMG SA as external
 auditors                                         99.65%       0.35%         0.16%       658,725,791        77.70%
 Ordinary Resolution number 2:
 Appointment of PwC South Africa as
 external auditors                                99.98%       0.02%         0.16%       658,726,983        77.70%
 Ordinary Resolution number 3.1: Re-
 election of director – Rose Keanly               92.70%       7.30%         0.16%       658,724,192        77.70%
 Ordinary Resolution number 3.2: Re-
 election of director – Swithin
 Munyantwali                                      99.96%       0.04%         0.16%       658,726,257        77.70%
 Ordinary Resolution number 3.3: Re-
 election of director – Ihron Rensburg            94.98%       5.02%         0.16%       658,724,884        77.70%
 Ordinary Resolution number 3.4: Re-
 election of director – Fulvio Tonelli            99.98%       0.02%         0.16%       658,723,300        77.70%
 Ordinary Resolution number 3.5: Re-
 election of director – René van Wyk              94.00%       6.00%         0.16%       658,723,300        77.70%
 Ordinary Resolution number 4.1:
 Election of director – John Cummins              99.97%       0.03%         0.16%       658,722,150        77.70%
 Ordinary Resolution number 4.2:
 Election of director – Sello Moloko              97.86%       2.14%         0.16%       658,726,058        77.70%
 Ordinary Resolution number 4.3:
 Election of director – Arrie Rautenbach          99.66%       0.34%         0.16%       658,725,367        77.70%
 Ordinary Resolution number 5.1: Re-
 appointment of Group Audit and
 Compliance Committee member –
 Alex Darko                                       96.00%       4.00%         0.16%       658,722,150        77.70%
 Ordinary Resolution number 5.2: Re-
 appointment of Group Audit and
 Compliance Committee member –
 Daisy Naidoo                                     99.10%       0.90%         0.16%       658,723,300        77.70%
 Ordinary Resolution number 5.3: Re-
 appointment of Group Audit and
 Compliance Committee member –
 Tasneem Abdool-Samad                             98.88%       1.12%         0.16%       658,723,301        77.70%
 Ordinary Resolution number 5.4: Re-
 appointment of Group Audit and
 Compliance Committee member –
 Swithin Munyantwali                              99.95%       0.05%         0.16%       658,723,300        77.70%
 Ordinary Resolution number 5.5: Re-
 appointment of Group Audit and
 Compliance Committee member –
 René van Wyk                                     67.56%      32.44%         3.84%       627,469,016        74.02%
 Ordinary Resolution number 6: Placing
 the authorised but unissued ordinary
 shares of the Company under the
 control of the directors                       89.52%     10.48%         0.16%       658,724,645       77.70%
 Non-binding advisory vote 1: Approval
 of remuneration policy                         81.45%     18.55%         0.16%       658,672,963       77.70%
 Non-binding advisory vote 2: Approval
 of implementation report                       58.85%     41.15%         3.85%       627,417,767       74.01%
 Special Resolution number 1: Approval
 of non-executive directors’
 remuneration                                   97.03%       2.97%        0.17%       658,648,076       77.69%
 Special Resolution number 2: General
 authority to the directors to approve
 repurchase of the Company’s ordinary
 shares                                         99.80%       0.20%        0.16%       658,678,313       77.70%
 Special Resolution number 3: General
 authority to the Company to approve
 financial assistance                           95.66%       4.34%        0.16%       658,725,330       77.70%
*Based on the total number of shares in issue
As a result of there being more than 25% of the votes exercised against the non-binding advisory vote number 2,
shareholders will be invited to raise their concerns or recommendations on the remuneration implementation report.
Further details will be announced on SENS in due course.


Johannesburg
3 June 2022

Enquiries:
Nadine Drutman (Group Company Secretary)
Nadine.Drutman@absa.africa
Tel: +27 11 350 5347

Sponsors:
Lead independent sponsor
J. P. Morgan Equities South Africa Proprietary Limited

Joint sponsor
Absa Bank Limited (Corporate and Investment Bank)

Date: 03-06-2022 03:13:00
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