Nu-World Holdings Limited (JSE:NWL) News - Results of AGM, retirement of Company Secretary NU-WORLD HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number 1968/002490/06) Share Code: NWL ISIN code: ZAE000005070 (“Nu-World”) RESULTS OF ANNUAL GENERAL MEETING; RETIREMENT OF COMPANY SECRETARY; AND APPOINTMENT OF INTERIM COMPANY SECRETARY AND CHIEF FINANCIAL OFFICER (“CFO”) Shareholders are advised that at the annual general meeting held on Wednesday, 10 February 2021 (“AGM”), all resolutions as set out in the notice of AGM which was incorporated in the integrated annual report distributed to shareholders on 27 November 2020, were duly approved by the requisite majority of shareholders present (in person or represented by proxy) and voting. Notes: 1. There were 22 646 465 shares in issue as at the date of the AGM. 2. The total number of shares that were present in person/represented by proxy at the AGM: 14 981 030 shares being 66% of the total number of shares in issue (“Shares Voted”); 3. Abstentions are represented above as a percentage of total number of shares in issue while the shares voted for and against are represented above as a percentage of the Shares Voted. Details of the results of the voting are as follows: Shares voted Shares voted Resolution Shares voted Abstentions against for Ordinary resolution 1: re-appointment of directors 1.1 Mr M Judin 14 832 003 140 151 14 972 154 8 876 99.06% 0.94% 0,04% 1.2 Mr D Piaray 14 832 003 140 151 14 972 154 8 876 99.06% 0.94% 0,04% 1.3 Mr F Davidson 14 972 154 0 14 972 154 8 876 100% 0% 0,04% Ordinary resolution 2: appointment or re-appointment of the Audit Committee members 2.1 Mr J M Judin 14 832 003 140 151 14 972 154 8 876 99.06% 0.94% 0,04% 2.2 Mr D Piaray 14 832 003 140 151 14 972 154 8 876 99.06% 0.94% 0,04% 2.3 Mr R Kinross 14 832 003 140 151 14 972 154 8 876 99.06% 0.94% 0,04% 2.4 Mr FJ Davidson 14 972 154 0 14 972 154 8 876 100% 0% 0,04% Ordinary resolution 3: re-appointment of auditors and 14 679 340 292 814 14 972 154 8 876 individual designated auditor 98.04% 1.96% 0,04% Ordinary resolution 4: 14 531 432 438 965 14 970 397 10 633 endorsement of Remuneration Policy 97.07% 2.93% 0.05% Ordinary resolution 5: 14 673 340 298 814 14 972 154 8 876 endorsement of Remuneration 98.00% 2.00% 0,04% Implementation Report Ordinary resolution 6: 14 966 144 6 000 14 972 144 8 876 authority to sign documents 99.96% 0.04% 0,04% Special resolution 1: *** 10 270 632 6 890 10 277 522 4 703 508 approval to pay remuneration to non- 99.93% 0.07% 20.77% executive directors Special resolution 2: 14 967 034 6 010 14 973 044 7 986 general authority to repurchase 99.96% 0.04% 0.04% shares Special resolution 3: 14 671 583 301 461 14 973 044 7 986 authority to provide direct or indirect 97.99% 2.01% 0.04% financial assistance *** Shareholders are advised that Special Resolution number 1 was passed with a modification, as per a decision taken by the Board at the AGM, to read as follows: “Resolved that in terms of section 66(9) of the Act, the Company be and is hereby authorised to pay remuneration to its non-executive directors for their services as non-executive directors in the 2021 financial period at the same rate as paid in 2020 as listed below.” Fees for the Fees paid for the year ending year ended 31 August 2021 31 August 2020 Lead independent non-executive board R350 000 R350 000 member Non-executive board R300 000 R300 000 member Retirement of the Company Secretary and appointment of an Interim Company Secretary and CFO In compliance with paragraph 3.59 (b) of the JSE Limited Listings Requirements, the Nu-World board of directors (“the Board”) hereby notifies shareholders that Bruce Hall Haikney retires as Company Secretary with effect from 10 February 2021. As an interim measure the Board has appointed Travers Cape CA (SA) MBA as the Company Secretary and CFO with effect from 10 February 2021. A permanent appointment for the Company Secretary position will be made in due course and shareholders will be updated accordingly. The Board would like to thank Bruce for his invaluable contribution to both the Board and the Company over the past 25 years and wishes him well in his future endeavors. Johannesburg 10 February 2021 Sponsor Sasfin Capital (a member of the Sasfin group) Date: 10-02-2021 03:51:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.