Etion Limited (JSE:ETO) News - Results of the Annual General Meeting

 ETION LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration Number: 1987/001222/06)
 (Share Code: ETO)
 (ISIN: ZAE000097028)
 (“Etion” or “the Company” or “the Group’’)

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting of the Company held at 10h00 today,
Wednesday, 29 September 2021 electronically (“AGM”), all of the resolutions other than ordinary resolution
number 7 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
                                                       against
                                                    resolution
                                                           as a                   Number of
                                      Votes for    percentage                         shares       Number of
                                resolution as a        of total                      voted at         shares
                                 percentage of      number of                      AGM as a     abstained as
                               total number of         shares       Number of    percentage     a percentage
 Resolutions proposed          shares voted at        voted at    shares voted   of shares in    of shares in
 at the AGM                               AGM            AGM           at AGM          issue           issue
 Ordinary resolution
 number 1: Re-election of
 Mr T Daka as a non-
 executive director                     87.10%         12.90%      408 128 581       72.31%            0.03%
 Ordinary resolution
 number 2: Re-election of
 Mr C Bester as an
 independent non-
 executive director                   100.00%           0.00%      408,128,581       72.31%            0.03%
 Ordinary resolution
 number 3: Re-election of
 M Janse van Rensburg as
 member and chair of the
 audit and risk committee             100.00%           0.00%      408,128,581       72.31%            0.03%
 Ordinary resolution
 number 4: Re -
 appointment of C Bester
 as a member of the audit
 and risk committee                   100.00%           0.00%      408,128,581       72.31%            0.03%
 Ordinary resolution
 number 5: Appointment of
 E de Kock as a member
 of the audit and risk
 committee                            100.00%           0.00%      362,112,660       64.16%            8.18%
 Ordinary resolution
 number 6: Appointment of
 PWC as external auditor                88.73%         11.27%      408,128,581       72.31%            0.03%
 Ordinary resolution
 number 7: General
 authority to issue shares
 for cash                               28.93%         71.07%      408,128,581       72.31%            0.03%
 Ordinary resolution
 number 8: Unissued
 shares placed under
 control of the directors               83.36%        16.64%        408,128,581       72.31%           0.03%
 Ordinary resolution
 number 9: Non-binding
 endorsement of Etion’s
 remuneration policy                    100.00%         0.00%       408,128,581       72.31%           0.03%
 Ordinary resolution
 number 10: Non-binding
 advisory vote on Etion’s
 implementation report on
 the remuneration policy                 100.00%         0.00%      408,128,581       72.31%             0.03%
 Special resolution
 number 1: Remuneration
 of non-executive
 Directors                              100.00%         0.00%     408,128,581         72.31%            0.03%
 Special resolution
 number 2: Remuneration
 of non-executive
 directors                               100.00%         0.00%     408,128,581         72.31%          0.03%
 Special resolution
 number 3: Inter-company
 financial assistance                   100.00%         0.00%     408,128,581         72.31%            0.03%
 Special resolution
 number 4: Financial
 assistance to acquire
 shares                                  94.65%         5.35%     408,128,581        72.31%             0.03%
 Special resolution
 number 5: Authority to  
 repurchase shares                       100.00%         0.00%     408,128,581        72.31%           0.03%
    
Note:
Total number of shares in issue as at the date of the AGM was 564 411 033.

Centurion
29 September 2021

Designated Advisor
PSG Capital

Date: 29-09-2021 02:40:00
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