Brait SE (JSE:BAT) News - Results of extraordinary general meeting

BRAIT P.L.C.
(Registered in Mauritius as a Public Limited Company)
(Registration No. 183309 GBC)
Share code: BAT ISIN: LU0011857645
Bond code: WKN: A2SBSU ISIN: XS2088760157
LEI: 549300VB8GBX4UO7WG59
("Brait" or the "Company")

RESULTS OF EXTRAORDINARY GENERAL MEETING

Brait shareholders ("Shareholders") are referred to the announcements released on the Stock Exchange News Service of the JSE Limited ("JSE") and
published on the website of the Luxembourg Stock Exchange ("LuxSE") on Tuesday, 23 November 2021, and Thursday, 25 November 2021, entitled "Rights
offer declaration announcement: renounceable rights offer” and “Rights offer finalisation announcement: fully committed R3 billion renounceable rights offer",
respectively ("Rights Offer Announcements"). Furthermore, Shareholders are referred to the announcement released on the JSE and LuxSE on Tuesday,
23 November 2021, relating to the publication of a circular to Shareholders regarding the proposed Rights Offer (the "Circular") and incorporating a notice of
extraordinary general meeting (the "Notice of EGM").

Terms defined in the Rights Offer Announcements have been used in this announcement.

The Extraordinary General Meeting ("EGM") of Shareholders was held at Labourdonnais Waterfront Hotel, Caudan Waterfront, Port Louis, Mauritius at 10:00
MUT today, Wednesday, 22 December 2021. The resolutions tabled at the EGM were as set out in the Circular and Notice of EGM.

Ordinary resolution 1 together with special resolutions 2 and 3, were approved by the requisite majority of votes.

The Company confirms the voting statistics based on the total number of shares represented and voted at the EGM of 1,098,856,753 as follows:

                                                                                          Shares voted FOR                 Shares voted AGAINST
                                                                                     disclosed as a percentage of     disclosed as a percentage of the
                                                                                      the total number of shares           total number of shares
                                           Votes cast at the EGM                   represented and voted at the       represented and voted at the
Resolutions                                                                                       EGM                               EGM

                                     For                 Against         Abstained

Resolution 1.                        1,098,322,444       55,859          478,450                100.0%                             0.0%
(Ordinary resolution)
Directors’ authority to allot
and issue Shares, or grant
rights or options to subscribe
for or exchange into such
number of ordinary shares, in
connection with the Rights
Offer and the grant of
exchange rights

Resolution 2. (Special               1,098,297,900       49,597          509,256                 99.9%                              0.0%
resolution)
Re-designation of the
ordinary shares of par value
EUR0.22 each in the capital
of the Company into ordinary
shares of no par value

Resolution 3. (Special               1,098,297,900       49,597          509,256                 99.9%                              0.0%
resolution)
Amendments to the
Constitution pursuant to re-
designation of the ordinary
shares of par value EUR0.22
each in the capital of the
Company into ordinary
Shares of no par value

Port Louis, Mauritius
22 December 2021

Brait’s primary listing (ordinary shares) is on the Euro MTF market of the LuxSE and its secondary listing is on the exchange operated by the JSE. The
Company’s Existing Convertible Bonds are dual listed on the Open Market (Freiverkehr) segment of the Frankfurt Stock Exchange as well as the Official
Market of the Stock Exchange of Mauritius Ltd ("SEM").

Financial Advisor, Arranger and JSE Sponsor to Brait:
Rand Merchant Bank, a division of FirstRand Bank Limited

SEM Authorised Representative and Sponsor:
Perigeum Capital Ltd

This notice is issued pursuant to SEM Listing Rule 11.3, the JSE Listings Requirements and LuxSE Rules and Regulations. The d irectors of Brait accept full
responsibility for the accuracy of the information contained in this announcement.

Date: 22-12-2021 09:30:00
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