African and Overseas Enterprises - N Shares (JSE:AON) News - Results of annual general meeting AFRICAN AND OVERSEAS ENTERPRISES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1947/027461/06) JSE share code: AOO ISIN: ZAE000000485 JSE share code: AON ISIN: ZAE000009718 JSE share code: AOVP ISIN: ZAE000000493 ("AOE" or "the company") RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 2 December 2021 (in terms of the notice dispatched on 2 November 2021) all the resolutions tabled thereat were passed (by way of a poll) by the requisite majority of AOE shareholders. Details of the results of voting at the annual general meeting were as follows: - total number of AOE ordinary and "N" ordinary shares (collectively, the "shares") that could have been voted at the annual general meeting: 11,471,921 shares (being the aggregate amount of 1,250,000 ordinary shares and 10,221,921 "N" ordinary shares); - total number of shares that were present/represented at the annual general meeting: 10,508,415 shares, (being in aggregate 91.60% of the total number of shares that could have been voted at the annual general meeting and constituting 91.60% of the aggregate voting rights that could have been exercised at the annual general meeting); - total number of ordinary shares that were present/represented at the annual general meeting: 1,152,186 ordinary shares (being 92.17% of the total number of ordinary shares that could have been voted at the annual general meeting) with each ordinary share entitling the holder thereof to 200 votes; and - total number of "N" ordinary shares that were present at the annual general meeting: 9,356,229 "N" ordinary shares (being 91.53% of the total number of “N” ordinary shares that could have been voted at the annual general meeting) with each "N" ordinary share entitling the holder thereof to 1 vote. Ordinary resolution 1: Approval of annual financial statements Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,437,200, being 100% - - “N” ordinary shares Votes for Votes against Abstentions voted* 9,356,229, being 100% - - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,793,429, being 100% - - 91.60% Ordinary resolution 2.1 – Re-election of directors – HB Roberts Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,437,200, being 100% - - “N” ordinary shares Votes for Votes against Abstentions voted* 9,356,229, being 100% - - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,793,429, being 100% - - 91.60% Ordinary resolution 2.2 – Re-election of directors - LK Sebatane Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,437,200, being 100% - - “N” ordinary shares Votes for Votes against Abstentions voted* 9,356,229, being 100% - - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,793,429, being 100% - - 91.60% Ordinary resolution 2.3 – Re-election of directors – MR Molosiwa Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,437,200, being 100% - - “N” ordinary shares Votes for Votes against Abstentions voted* 9,356,229, being 100% - - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,793,429, being 100% - - 91.60% Ordinary resolution 3.1 – Election of audit committee members – HB Roberts Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,437,200, being 100% - - “N” ordinary shares Votes for Votes against Abstentions voted* 9,356,229, being 100% - - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,793,429, being 100% - - 91.60% Ordinary resolution 3.2 – Election of audit committee members – PM Nayler Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,437,200, being 100% - - “N” ordinary shares Votes for Votes against Abstentions voted* 9,356,229, being 100% - - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,793,429, being 100% - - 91.60% Ordinary resolution 3.3 – Election of audit committee members - LK Sebatane Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,437,200, being 100% - - “N” ordinary shares Votes for Votes against Abstentions voted* 9,356,229, being 100% - - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,793,429, being 100% - - 91.60% Ordinary resolution 4 – Re-appointment of auditors Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,437,200, being 100% - - “N” ordinary shares Votes for Votes against Abstentions voted* 9,356,229, being 100% - - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,793,429, being 100% - - 91.60% Ordinary resolution 5 – General authority to issue equity shares for cash Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,057,200, being 380,000, being 0.16% - 99.84% “N” ordinary shares Votes for Votes against Abstentions voted* 9,314,093, being 99.55% 42,136, being 0.45% - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,371,293, being 422,136, being 0.18% - 91.60% 99.82% Ordinary resolution 6 – Control over unissued shares Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,057,200, being 380,000, being 0.16% - 99.84% “N” ordinary shares Votes for Votes against Abstentions voted* 9,314,093, being 99.55% 42,136, being 0.45% - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,371,293, being 422,136, being 0.18% - 91.60% 99.82% Ordinary resolution 7 – Signature of documents Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,437,200, being 100% - - “N” ordinary shares Votes for Votes against Abstentions voted* 9,356,229, being 100% - - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,793,429, being 100% - - 91.60% Ordinary resolution 8 – Non-binding advisory vote on remuneration policy Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,057,200, being 380,000, being 0.16% - 99.84% “N” ordinary shares Votes for Votes against Abstentions voted* 9,314,093, being 99.55% 42,136, being 0.45% - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,371,293, being 422,136, being 0.18% - 91.60% 99.82% Ordinary resolution 9 – Non-binding advisory vote on remuneration implementation report Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,057,200, being 380,000, being 0.16% - 99.84% “N” ordinary shares Votes for Votes against Abstentions voted* 9,314,093, being 99.55% 42,136, being 0.45% - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,371,293, being 422,136, being 0.18% - 91.60% 99.82% Special resolution 1 – Financial assistance Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,437,200, being 100% - - “N” ordinary shares Votes for Votes against Abstentions voted* 9,356,229, being 100% - - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,793,429, being 100% - - 91.60% Special resolution 2: General authority to acquire shares Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,437,200, being 100% - - “N” ordinary shares Votes for Votes against Abstentions voted* 9,356,229, being 100% - - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,793,429, being 100% - - 91.60% Special resolution 3 – Allotment and issue of shares to directors and prescribed officers Ordinary shares voted* Votes for Votes against Abstentions 1,152,186, being 92.17% 230,057,200, being 380,000, being 0.16% - 99.84% “N” ordinary shares Votes for Votes against Abstentions voted* 9,314,093, being 99.55% 42,136, being 0.45% - 9,356,229, being 91.53% Total shares voted* Votes for Votes against Abstentions 10,508,415, being 239,371,293, being 422,136, being 0.18% - 91.60% 99.82% *: shares voted (excluding abstentions) in relation to total shares in issue 3 December 2021 Sponsor Java Capital Date: 03-12-2021 05:45:00 Produced by the JSE SENS Department. 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