Bidvest Group (JSE:BVT) News - Report on Annual General Meeting Proceedings and Granting of Long-Term Incentive Awards THE BIDVEST GROUP LIMITED (“Bidvest” or “The Group”) (Incorporated in the Republic of South Africa) (Registration number 1946/021180/06) JSE Share code: BVT ISIN: ZAE000117321 REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS (“AGM”) AND GRANTING OF LONG-TERM INCENTIVE AWARDS 1. RESULTS OF THE AGM Bidvest shareholders are advised that at the AGM of members held on Friday, 26 November 2021 all the ordinary and special resolutions were passed by the requisite majority votes. Bidvest confirms the voting statistics from the AGM as follows: Total number of shares that can be exercised at the meeting 100% 339,769,509 Total number of shares present/represented including proxies at the meeting as % of voteable shares 75% 255,518,025 Total number of shares present/represented including proxies at the meeting as % of issued shares 75% 255,518,025 Total number of members present in person 14 Issued Shares 100% 340,274,346 (1) Disclosed as a percentage of the voteable shares (2) Disclosed as a percentage of the total issued capital Ordinary resolution number 1.1: Re-election of directors that retire by rotation - RD Mokate For Against Abstain Shares voted 253,449,183 1,294,841 774,001 254,744,024 99.49% 0.51% 0.23% (1) 74.98% 0.23% (2) 74.86% Ordinary resolution number 1.2: Re-election of directors that retire by rotation - NW Thomson For Against Abstain Shares voted 251,548,023 3,195,873 774,129 254,743,896 98.75% 1.25% 0.23% (1) 74.98% 0.23% (2) 74.86% Ordinary resolution number 2.1: Election of non-executive directors - L Boyce For Against Abstain Shares voted 253,475,342 1,268,554 774,129 254,743,896 99.50% 0.50% 0.23% (1) 74.98% 0.23% (2) 74.86% Ordinary resolution number 2.2: Election of non-executive directors - SN Mabaso-Koyana For Against Abstain Shares voted 251,960,020 2,783,654 774,351 254,743,674 98.91% 1.09% 0.23% (1) 74.98% 0.23% (2) 74.86% Ordinary resolution number 3: Re-appointment of independent external auditor For Against Abstain Shares voted 254,738,920 5,104 774,001 254,744,024 100.00% 0.00% 0.23% (1) 74.98% 0.23% (2) 74.86% Ordinary resolution number 4.1: Election of members of the Audit committee - SN Mabaso-Koyana For Against Abstain Shares voted 252,318,623 2,425,051 774,351 254,743,674 99.05% 0.95% 0.23% (1) 74.98% 0.23% (2) 74.86% Ordinary resolution number 4.2: Election of members of the Audit committee - L Boyce For Against Abstain Shares voted 253,474,292 1,269,254 774,479 254,743,546 99.50% 0.50% 0.23% (1) 74.98% 0.23% (2) 74.86% Ordinary resolution number 4.3: Election of members of the Audit committee - RD Mokate For Against Abstain Shares voted 248,930,375 5,813,299 774,351 254,743,674 97.72% 2.28% 0.23% (1) 74.98% 0.23% (2) 74.86% Ordinary resolution number 4.4: Election of members of the Audit committee - N Siyotula For Against Abstain Shares voted 253,387,804 1,355,870 774,351 254,743,674 99.47% 0.53% 0.23% (1) 74.98% 0.23% (2) 74.86% Ordinary resolution number 4.5: Election of members of the Audit committee - NW Thomson For Against Abstain Shares voted 254,018,535 725,011 774,479 254,743,546 99.72% 0.28% 0.23% (1) 74.98% 0.23% (2) 74.86% Ordinary resolution number 5: Placing authorised but unissued ordinary shares under the control of directors For Against Abstain Shares voted 228,969,290 25,774,877 773,858 254,744,167 89.88% 10.12% 0.23% (1) 74.98% 0.23% (2) 74.86% Ordinary resolution number 6: General authority to issue shares for cash For Against Abstain Shares voted 232,812,767 21,932,237 773,021 254,745,004 91.39% 8.61% 0.23% (1) 74.98% 0.23% (2) 74.86% Ordinary resolution number 7: Payment of dividend by way of pro rata reduction of share capital or share premium For Against Abstain Shares voted 254,741,715 3,834 772,476 254,745,549 100.00% 0.00% 0.23% (1) 74.98% 0.23% (2) 74.86% Ordinary resolution number 8: Ratification relating to personal financial interest arising from multiple offices in the Group For Against Abstain Shares voted 246,439,522 8,270,800 807,703 254,710,322 96.75% 3.25% 0.24% (1) 74.97% 0.24% (2) 74.85% Ordinary resolution number 9: Directors’ authority to implement special and ordinary resolutions For Against Abstain Shares voted 254,696,937 13,696 807,392 254,710,633 99.99% 0.01% 0.24% (1) 74.97% 0.24% (2) 74.85% Non-binding advisory vote: Endorsement of the Remuneration policy For Against Abstain Shares voted 229,507,624 25,229,044 781,357 254,736,668 90.10% 9.90% 0.23% (1) 74.97% 0.23% (2) 74.86% Non-binding advisory vote: Endorsement of the Implementation of remuneration policy For Against Abstain Shares voted 238,491,034 16,245,634 781,357 254,736,668 93.62% 6.38% 0.23% (1) 74.97% 0.23% (2) 74.86% Special resolution number 1: Non-executive director remuneration For Against Abstain Shares voted 250,179,429 4,546,413 792,183 254,725,842 98.22% 1.78% 0.23% (1) 74.97% 0.23% (2) 74.86% Special resolution number 2: General authority to provide financial assistance to related or inter-related companies and corporations For Against Abstain Shares voted 245,778,894 8,963,731 775,400 254,742,625 96.48% 3.52% 0.23% (1) 74.98% 0.23% (2) 74.86% 2. GRANTING OF CONDITIONAL SHARE AWARDS IN TERMS OF THE 2008 BIDVEST CSP Executive Directors have been awarded Conditional Share (CSP) Awards in terms of the 2008 Bidvest Group CSP, approved by shareholders at the annual general meeting in November 2008. CSP Awards are subject to performance conditions for the period starting 1 July 2021 and ending 30 June 2024. Subject to performance, vesting will occur in September 2024 and September 2025. The Remuneration Committee has given approval for the following individual allocations. Conditional share awards are as follows: Executive Directors: NT Madisa 107 000 conditional share awards MJ Steyn 54 000 conditional share awards GC McMahon 44 000 conditional share awards Date: 29 November 2021 Johannesburg Sponsor: Investec Bank Limited Date: 29-11-2021 12:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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