SA Corporate Real Estate Fund Limited (JSE:SAC) News - Results of annual general meeting and retirement of non-executive director

SA Corporate Real Estate Limited
Incorporated in the Republic of South Africa
Share Code: SAC ISIN Code: ZAE000203238
(Registration number 2015/015578/06)
(Approved as a REIT by the JSE)
(“SA Corporate” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING AND RETIREMENT OF NON-EXECUTIVE DIRECTOR
Results of Annual General Meeting

Shareholders are advised that the voting results for the annual general meeting (“AGM”) of SA Corporate held on
Monday, 6 June 2022 were as follows:

 Resolution                                       Number of     Percentage       For**   Against**   Abstained
                                                shares voted    of shares in                               ***
                                                                     issue*

 Ordinary resolution number 1:
 Re-election of Mr MA Moloto as an
 independent non-executive director of the
 Company                                        2 166 462 362       86,15%     100,00%       0,00%       0,09%
 Ordinary resolution number 2:
 Re-election of Ms EM Hendricks as an
 independent non-executive director of the
 Company                                        2 166 462 362       86,15%     100,00%       0,00%       0,09%
 Ordinary resolution number 3:
 Election of Mr SY Moodley as an executive
 director of the Company                        2 166 462 362       86,15%     100,00%       0,00%       0,09%
 Ordinary resolution number 4.1:
 Election of Ms N Ford-Hoon (Fok) as a
 member of the Audit and Risk Committee         2 166 462 362       86,15%     100,00%       0,00%       0,09%
 Ordinary resolution number 4.2:
 Election of Mr GJ Heron as a member of the
 Audit and Risk Committee                       2 166 462 362       86,15%     100,00%       0,00%       0,09%
 Ordinary resolution number 4.3:
 Election of Ms SS Mafoyane as a member of
 the Audit and Risk Committee                   2 166 462 362       86,15%      98,48%       1,52%       0,09%
 Ordinary resolution number 5:
 Re-appointment of PWC as independent
 external auditor                               2 166 462 362       86,15%     100,00%       0,00%       0,09%
 Ordinary resolution number 6:
 Non-binding advisory vote - Endorsement of
 remuneration policy of the Company             2 166 466 995       86,15%      94,36%       5,64%       0,09%
 Ordinary resolution number 7:
 Non-binding advisory vote - Endorsement of
 the implementation of the remuneration
 policy of the Company                          2 166 466 995       86,15%      98,39%       1,61%       0,09%
 Ordinary resolution number 8:
 Placing the unissued authorised ordinary
 shares of the Company under the control of
 the directors                                  2 166 462 362       86,15%      89,97%     10,03%        0,09%
 Ordinary resolution number 9:
 Specific authority to issue shares to afford
 shareholders distribution reinvestment
 alternatives                                   2 166 462 362       86,15%      88,58%     11,42%        0,09%
 Ordinary resolution number 10:                 2 166 462 362       86,15%      93,82%      6,18%        0,09%
 Resolution                                          
                                                                         

 General but restricted authority to issue
 shares for cash
 Ordinary resolution number 11:
 Authorisation of directors and/or company
 secretary                                      2 166 462 362        86,15%      99,99%     0,01%        0,09%
 Special resolution number 1:
 Authorisation to provide financial assistance
 in terms of sections 44 and 45 of the
 Companies Act                                  2 166 462 362        86,15%      87,31%     12,69%        0,09%
 Special resolution number 2:
 Approval of non-executive directors’ fees      2 166 466 995        86,15%      99,99%      0,01%        0,09%
 Special resolution number 3:
 Authority to issue shares to directors who
 elect to reinvest their distributions under
 the reinvestment option                        2 166 462 362        86,15%       99,90%     0,10%        0,09%
 Special resolution number 4:
 General authority to repurchase shares         2 166 490 684        86,15%       99,92%     0,08%        0,08%

*       Based on 2 514 732 095 shares in issue at the date of the AGM.
**      In relation to the total number of shares voted at the AGM.
***     In relation to the total number of shares in issue at the date of the AGM.

Based on the above voting results, all resolutions were passed by the requisite majority of SA Corporate shareholders
present in person or represented by proxy at the AGM.

Retirement of Non-executive Director

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders of SA Corporate are advised
that Mr RJ Biesman-Simons retired from the Board of Directors (“the Board”) after the Company’s AGM held earlier today.
The Board records its sincere gratitude to Mr Biesman-Simons for his significant contribution to the deliberations of the
Board and Board committees over the years, and for his dedication and commitment to the Company. The Board and
management wish him well in his future endeavours.


Cape Town
6 June 2022

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 06-06-2022 03:40:00
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