Primeserv Group Limited (JSE:PMV) News - CANCELLATION OF S454431 Results of Annual General Meeting Primeserv Group Limited Incorporated in the Republic of South Africa (Registration number 1997/013448/06) Share code: PMV ISIN: ZAE000039277 (“Primeserv” or “the company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that, at the annual general meeting of the company held on Friday, 26 November 2021, nine of the ten proposed ordinary resolutions and all the special resolutions were passed by the requisite majority of shareholders present and voting, in person or by proxy. Ordinary resolution 4 and Non-binding Resolutions 1 and 2 were not passed by the requisite majority of shareholders. Details of the results of voting at the annual general meeting are as follows: - total number of issued ordinary shares: 122 967 031 - Total number of issued ordinary shares net of treasury shares (“Total Votable Ordinary Shares”): 85 580 966 - total number of issued ordinary shares which were present/represented at the annual general meeting: 53 689 597 being 62.74% of the Total Votable Ordinary Shares. Ordinary Resolutions Ordinary resolution 1.1: Reappointment of Mazars as independent auditors For (1) Against (1) Abstentions (2) Shares voted (3) 53 689 597 0 being 0% 0 being 0% 53 689 597 being 100% being 62.74% Ordinary resolution 1.2: Appointment of S Ranchhoojee as designated audit partner For (1) Against (1) Abstentions (2) Shares voted (3) 53 689 597 0 being 0% 0 being 0% 53 689 597 being 100% being 62.74% Ordinary resolution 1.3: Board to confirm auditors’ remuneration For (1) Against (1) Abstentions (2) Shares voted (3) 53 679 597 10 000 being 0 being 0% 53 689 597 being 99.98% 0.02% being 62.74% Ordinary resolution 2.1: Re-election of non-executive director – LM Maisela For (1) Against (1) Abstentions (2) Shares voted (3) 53 679 597 10 000 being 0 being 0% 53 689 597 being 99.98% 0.02% being 62.74% Ordinary resolution 2.2: Re-election of non-executive director – DL Rose For (1) Against (1) Abstentions (2) Shares voted (3) 53 689 597 0 being 0% 0 being 0% 53 689 597 being 100% being 62.74% Ordinary resolution 3.1: Re-election of the members of the Audit, Governance and Risk Committee: B Kali For (1) Against (1) Abstentions (2) Shares voted (3) 53 689 597 0 being 0% 0 being 0% 53 689 597 being 100% being 62.74% Ordinary resolution 3.2: Re-election of the members of the Audit, Governance and Risk Committee: LM Maisela For (1) Against (1) Abstentions (2) Shares voted (3) 53 679 597 10 000 being 0 being 0% 53 689 597 being 99.98% 0.02% being 62.74% Ordinary resolution 3.3: Re-election of the members of the Audit, Governance and Risk Committee: DL Rose For (1) Against (1) Abstentions (2) Shares voted (3) 53 689 597 0 being 0% 0 being 0% 53 689 597 being 100% being 62.74% Ordinary resolution 4: General authority to directors to issue shares for cash For (1) Against (1) Abstentions (2) Shares voted (3) 29 276 593 24 003 004 410 000 being 53 279 597 being 54.95% being 45.05% 0.48% being 62.26% *Required a 75% majority vote Ordinary resolution 5: Authorisation to implement the resolutions For (1) Against (1) Abstentions (2) Shares voted (3) 53 679 597 0 being 0% 10 000 being 53 679 597 being 100% 0.01% being 62.72% Non-binding advisory resolutions Non-binding advisory resolution 1: Advisory endorsement of Remuneration Policy For (1) Against (1) Abstentions (2) Shares voted (3) 29 735 593 23 954 004 0 being 0% 53 689 597 being 55.38% being 44.62% being 62.74% Non-binding advisory resolution 2: Advisory endorsement of Implementation Report For (1) Against (1) Abstentions (2) Shares voted (3) 29 735 593 23 954 004 0 being 0% 53 689 597 being 55.38% being 44.62% being 62.74% Special resolutions Special resolution 1: Remuneration of non-executive directors For (1) Against (1) Abstentions (2) Shares voted (3) 53 679 597 10 000 being 0 being 0% 53 689 597 being 99.98% 0.02% being 62.74% Special resolution 2: Financial assistance to subsidiaries For (1) Against (1) Abstentions (2) Shares voted (3) 53 679 597 10 000 being 0 being 0% 53 689 597 being 99.98% 0.02% being 62.74% Special resolution 3: General authority to repurchase shares For (1) Against (1) Abstentions (2) Shares voted (3) 53 298 597 0 being 0% 400 000 being 53 298 597 being 100% 0.47% being 62.27% Notes: (1) The votes carried for and against each individual resolution are disclosed as a percentage in relation to the total number of ordinary shares voted (whether in person or by proxy) in respect of such individual resolution at the annual general meeting. (2)The total number of ordinary shares abstained in respect of each individual resolution (whether in person or by proxy) is disclosed as a percentage in relation to the Total Votable Ordinary Shares. (3) The total number of ordinary shares voted (whether in person or by proxy) at the annual general meeting in respect of each individual resolution is disclosed as a percentage in relation to the Total Votable Ordinary Shares. Non-binding Advisory resolutions As a result of more than 25% of the total votes cast being against Non-binding Resolutions 1 and 2, the company will engage directly with the dissenting shareholders within the next 45 business days. Illovo 26 November 2021 Sponsor Grindrod Bank Limited Date: 26-11-2021 05:34:59 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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