We’ll grow your investment portfolio one step at a time

Institutional and large corporate investors

We work alongside asset consultants and will happily tailor a specific mandate to your required parameters.
Contact us to find out more.

Segregated Portfolios

Individual and non-individual investors

Many of our clients are high-net-worth individuals who like to be involved in their investment decisions. Some invest with the benefit of advice from a trusted professional, while others prefer to delegate their decisions to an adviser. Regardless of your preference, we have a solution for you.

Our trusted investment process

Step 1: Choose a unit trust that is appropriate for you

We offer a range of unit trusts that target different investment objectives and are exposed to different levels of risk.

It is very important to read the latest factsheet of the unit trust you are interested in before you make a final decision. If you are not confident about whether you have chosen the right product, we recommend that you consult a financial adviser.

Unit trusts Unit trust summary

Step 2: Choose how you want to access the selected unit trust

You can invest directly with us or access the selected unit trust via different investment platforms. An investment platform is like a supermarket in that it provides access to investment products (such as unit trusts) from different brands.

If you choose to invest directly with us, please follow steps 3 to 5 below.

Step 3: Get the required FICA documents ready for your application

For an individual investor:

Identification: Proof of I.D.
Banking: Proof of Banking Details
Address: Proof of physical address
Third-party details (if applicable)

For an entity:

Please contact us to find out what the FICA requirements are.

Step 4: Complete and submit the application form

Download the application form and complete it
Application form for Individuals
Application form for entities
Submit the completed form and supporting documents to:
UTinstructions@sanlaminvestmentssupport.com

Step 5: Wait for confirmation

Once the completed and signed application form with the necessary supporting documents is received, you will receive an electronic welcome letter from our administrator, Sanlam Collective Investments.

This letter will contain your

investment account number,
banking details to be used for the initial deposit and
more information on how to access your investment account and transact via the SCI online portal.

In the event of you experiencing any problems with the above process, please contact us and allow us to assist you further.

The value of experience

Why invest
with us?

Learn more

Meet our experienced
professionals

Meet the team

a valuation-driven approach

Our investment philosophy

Learn more

© 2022 Truffle Asset Management. Truffle Asset Management (Pty) Ltd, registration number 2008/009740/07, is authorised as a Category I,II and IIA FSP (FSP no: 36584)
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Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Outcome
Ordinary	1	Election of directors	Appointment of Eliza Predoiu	For	Resolution passed
Ordinary	2,1	Appointment of auditors	Re-appointment of the Audit Committee members: Andreas Klingen (Chairperson of the Audit Committee)	For	Resolution passed
Ordinary	2,2	Appointment of auditors	Re-appointment of the Audit Committee members: Andre van der Veer	For	Resolution passed
Ordinary	2,3	Appointment of auditors	Re-appointment of the Audit Committee members: Antoine Dijkstra	For	Resolution passed
Ordinary	2,4	Appointment of auditors	Re-appointment of the Audit Committee members: Ana-Maria Mihaescu	For	Resolution passed
Ordinary	3	Election of directors	Authorising Directors to determine Non-Executive Directors’ remuneration	For	Resolution passed
Ordinary	4	Appointment of auditors	Appointment of Ernst and Young Accountants LLP as the Auditor following the Dutch Migration	For	Resolution passed
Ordinary	5	Auditor remuneration	Authorising Directors to determine the Dutch Auditor’s remuneration	For	Resolution passed
Ordinary	6	Other	Authority to give effect to resolutions	For	Resolution passed
Ordinary	7	Issuance of shares	General authority to issue shares for cash	For	Resolution passed
Ordinary	8	Share buy backs	General authority to repurchase shares	For	Resolution passed
Ordinary	9	Share buy backs	Authority to cancel repurchased shares	For	Resolution passed
Ordinary	1	Remuneration policy	Approval of Remuneration Policy	For	Resolution passed
Ordinary	2	Remuneration policy	Endorsement of Remuneration Implementation Report	For	Resolution passed

Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Rationale behind vote (against & abstain)	Outcome
Ordinary	1	Other	Approval of the acquisition of the Properties	For		Resolution passed
Ordinary	2	Other	Execution of the DJV Relationship Extension Letter	For		Resolution passed

Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Outcome
Ordinary	1	Issuance of shares	IPF I Trust Acquisation Resolution	For	Resolution passed
Ordinary	2	Issuance of shares	IPF II Trust Acquisation Resolution	For	Resolution passed
Ordinary	3	Other	IPF I Trust Constitution Amendment Resolution	For	Resolution passed
Ordinary	4	Other	IPF II Trust Constitution Amendment Resolution	For	Resolution passed
Ordinary	5	Issuance of shares	IPF I De-Stapling Resolution	For	Resolution passed

Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Outcome
Ordinary	1	Election of directors	Re-election of Mr MA Moloto as an independent non-executive director of the Company	For	Resolution passed
Ordinary	2	Election of directors	Re-election of Ms EM Hendricks as an independent non-executive director of the Company	For	Resolution passed
Ordinary	3	Election of directors	Election of Mr SY Moodley as an executive director of the Company	For	Resolution passed
Ordinary	4,1	Appointment of auditors	Election of Ms N Ford-Hoon(Fok) as a member of the Audit and Risk Committee	For	Resolution passed
Ordinary	4,2	Appointment of auditors	Election of Mr GJ Heron as a member of the Audit and Risk Committee	For	Resolution passed
Ordinary	4,3	Appointment of auditors	Election of Ms SS Mafoyane as a member of the Audit and Risk Committee	For	Resolution passed
Ordinary	5	Appointment of auditors	Re-appointment of PwC as independent external auditor	For	Resolution passed
Ordinary	6	Remuneration policy	Non-binding advisory vote - Endorsement of remuneration policy of the Company	For	Resolution passed
Ordinary	7	Remuneration policy	Non-binding advisory vote - Endorsement of the implementation of the remuneration policy of the Company	For	Resolution passed
Ordinary	8	Shares under director control	Placing the unissued authorised ordinary shares of the Company under the control of the directors	For	Resolution passed
Ordinary	9	Issuance of shares	Specific authority to issue shares to afford shareholders distribution reinvestment alternatives	For	Resolution passed
Ordinary	10	Issuance of shares	General but restricted authority to issue shares for cash	For	Resolution passed
Ordinary	11	Other	Authorisation of directors and/or the company secretary	For	Resolution passed
Special	1	Loan/financial assistance	Authorisation to provide financial assistance in terms of sections 44 and 45 of the Companies Act	For	Resolution passed
Special	2	Other	Approval of non-executive directors’ fees	For	Resolution passed
Special	3	Shares under director control	Authority to issue shares to directors who elect to reinvest their distributions under the reinvestment option	For	Resolution passed
Special	4	Share buy backs	General authority to repurchase shares	For	Resolution passed

Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Rationale behind vote (against & abstain)	Outcome
Ordinary	1	Appointment of auditors	To re-appoint the Company’s joint external auditor to serve until the conclusion of the 2022 financial year audit: KPMG SA (KPMG) (designated auditor – Heather Berrange).	For		Resolution passed
Ordinary	2	Appointment of auditors	To appoint the Company’s joint external auditor to serve with effect from 1 January 2022 until the conclusion of the next AGM: PwC South Africa (PwC) (designated auditor – John Bennett).	For		Resolution passed
Ordinary	3,1	Election of directors	To re-elect, by way of a series of votes, the following directors who retire in terms of the Company’s Memorandum of Incorporation: Rose Keanly as an independent non-executive director	For		Resolution passed
Ordinary	3,2	Election of directors	To re-elect, by way of a series of votes, the following directors who retire in terms of the Company’s Memorandum of Incorporation: Swithin Munyantwali as an independent non-executive director	For		Resolution passed
Ordinary	3,3	Election of directors	To re-elect, by way of a series of votes, the following directors who retire in terms of the Company’s Memorandum of Incorporation: Ihron Rensburg as an independent non-executive director	For		Resolution passed
Ordinary	3,4	Election of directors	To re-elect, by way of a series of votes, the following directors who retire in terms of the Company’s Memorandum of Incorporation: Fulvio Tonelli as a non-executive director director	For		Resolution passed
Ordinary	3,5	Election of directors	To re-elect, by way of a series of votes, the following directors who retire in terms of the Company’s Memorandum of Incorporation: René van Wyk as an independent non-executive director	For		Resolution passed
Ordinary	4,1	Election of directors	To elect the following directors who was appointed after the last AGM: John Cummins, as an independent non-executive director (appointment effective 15 November 2021)	For		Resolution passed
Ordinary	4,2	Election of directors	To elect the following directors who was appointed after the last AGM: Sello Moloko, as an independent non-executive director (appointment effective 1 December 2021)	For		Resolution passed
Ordinary	4,3	Election of directors	To elect the following directors who was appointed after the last AGM: Arrie Rautenbach, as an executive director (appointment effective 29 March 2022).	For		Resolution passed
Ordinary	5,1	Appointment of auditors	To re-appoint and the director in 5.5 appointed as the members of the Group Audit and Compliance Committee: Alex Darko	Against	Alex and Tasneem Abdool-Samad have been NEDs at Reunert together since 2019. Both is currently sitting on the audit and remuneration committees together bringing independence in question.	Resolution passed
Ordinary	5,2	Appointment of auditors	To re-appoint and the director in 5.5 appointed as the members of the Group Audit and Compliance Committee: Daisy Naidoo	For		Resolution passed
Ordinary	5,3	Appointment of auditors	To re-appoint and the director in 5.5 appointed as the members of the Group Audit and Compliance Committee: Tasneem Abdool-Samad	For		Resolution passed
Ordinary	5,4	Appointment of auditors	To re-appoint and the director in 5.5 appointed as the members of the Group Audit and Compliance Committee: Swithin Munyantwali (subject to election as an independent non-executive director pursuant to Ordinary Resolution number 3.2)	For		Resolution passed
Ordinary	5,5	Appointment of auditors	To re-appoint and the director in 5.5 appointed as the members of the Group Audit and Compliance Committee: René van Wyk (subject to election as an independent non-executive director pursuant to Ordinary Resolution number 3.5).	For		Resolution passed
Ordinary	6	Shares under director control	To place the authorised but unissued ordinary share capital of the Company under the control of the directors.	For		Resolution passed
Ordinary	7	Remuneration policy	To endorse the Company’s remuneration policy.	Against	- We disagree with the size of the settlement amount paid to Mr Mminele, especially in-light of his short tenure. - We also note the absence in advance disclosure of the FY22 STI metrics.	Resolution passed
Ordinary	8	Remuneration policy	To endorse the Company’s remuneration implementation report.	Against	STI payments for both interim CEO and CFO were materially higher than the group’s maximum STI limit.	Resolution passed
Special	1	Other	To approve the proposed remuneration of the non-executive directors for their services as directors, payable from 1 June 2022 to, and including, the last day of the month preceding the date of the next AGM.	For		Resolution passed
Special	2	Share buy backs	To grant a general authority to the directors to approve repurchase of the Company’s ordinary shares.	For		Resolution passed
Special	3	Loan/financial assistance	To grant a general authority to the Company to approve financial assistance in terms of section 45 of the Companies Act No. 71 of 2008.	For		Resolution passed

We’ll grow your investment portfolio one step at a time

Institutional and large corporate investors

Individual and non-individual investors

Our trusted investment process

Step 1: Choose a unit trust that is appropriate for you

Step 2: Choose how you want to access the selected unit trust

Step 3: Get the required FICA documents ready for your application

Step 4: Complete and submit the application form

Step 5: Wait for confirmation

The value of experience

Why invest
with us?

Meet our experienced
professionals

a valuation-driven approach

Our investment philosophy

Our funds

Quick links

Contact

Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Outcome
Ordinary	2.1.1	Election of directors	Re-election of directors retiring by rotation: WJ Grindrod	For	Resolution passed
Ordinary	2.1.2	Election of directors	Re-election of directors retiring by rotation: B Magara	For	Resolution passed
Ordinary	2.1.3	Election of directors	Re-election of directors retiring by rotation: ZP Zatu Moloi	For	Resolution passed
Ordinary	2.2.1	Election of directors	Confirmation of newly appointed directors: CA Carolus	For	Resolution passed
Ordinary	2.2.2	Election of directors	Confirmation of newly appointed directors: D Malik	For	Resolution passed
Ordinary	2,3	Appointment of auditors	Election of member and appointment of chair of the Audit committee – GG Gelink	For	Resolution passed
Ordinary	2.4.1	Appointment of auditors	Election of members of the Audit committee: D Malik	For	Resolution passed
Ordinary	2.4.2	Appointment of auditors	Election of members of the Audit committee: ZP Zatu Moloi	For	Resolution passed
Ordinary	2.5.1	Appointment of auditors	Re-appointment of independent auditors and the designated audit partner: Re-appointment of Deloitte & Touche as independent auditors	For	Resolution passed
Ordinary	2.5.2	Appointment of auditors	Re-appointment of independent auditors and the designated audit partner: Re-appointment of M Holme as designated audit partner	For	Resolution passed
Ordinary	2,6	Issuance of shares	General authority to directors to allot and issue ordinary shares	For	Resolution passed
Ordinary	2,7	Issuance of shares	General authority to issue ordinary shares for cash	For	Resolution passed
Special	3,1	Other	Approval of non-executive directors’ fees	For	Resolution passed
Special	3,2	Loan/financial assistance	General authority to provide financial assistance in terms of section 44 of the Act	For	Resolution passed
Special	3,3	Loan/financial assistance	General authority to provide financial assistance in terms of section 45 of the Act	For	Resolution passed
Special	3,4	Share buy backs	Repurchase of Grindrod’s ordinary shares	For	Resolution passed
Special	4,1	Remuneration policy	Confirmation of the Group remuneration policy	For	Resolution passed
Special	4,2	Remuneration policy	Confirmation of the Group implementation report	For	Resolution passed

Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Outcome
Ordinary	1	Appointment of auditors	Appointment of PwC as the auditors of the Company	For	Resolution passed
Ordinary	2,1	Election of directors	Election of a director: Ms JE McGill	For	Resolution passed
Ordinary	2,2	Election of directors	Re-election of a director: Mr PA Schmidt	For	Resolution passed
Ordinary	2,3	Election of directors	Re-election of a director: Mr A Andani	For	Resolution passed
Ordinary	2,4	Election of directors	Re-election of a director: Mr PJ Bacchus	For	Resolution passed
Ordinary	3,1	Appointment of auditors	Re-election of a member and Chairperson of the Audit Committee: Ms. Sibiya	For	Resolution passed
Ordinary	3,2	Appointment of auditors	Re-election of a member of the Audit Committee: Mr A Andani	For	Resolution passed
Ordinary	3,3	Appointment of auditors	Re-election of a member of the Audit Committee: Mr PJ Bacchus	For	Resolution passed
Ordinary	4	Issuance of shares	Approval for the issue of authorised but unissued ordinary shares	For	Resolution passed
Ordinary	5,1	Remuneration policy	Advisory endorsement of the Remuneration Policy	For	Resolution passed
Ordinary	5,2	Remuneration policy	Advisory Implementation of the Remuneration Implementation Report	For	Resolution passed
Special	1	Issuance of shares	Approval for the issuing of equity securities for cash	For	Resolution passed
Special	2,1	Directors remuneration	Approval of the remuneration of NEDs The Chairperson of the Board (all-inclusive fee)	For	Resolution passed
Special	2,2	Directors remuneration	Approval of the remuneration of NEDs The Lead Independent Director of the Board (all-inclusive fee)	For	Resolution passed
Special	2,3	Auditor remuneration	Approval of the remuneration of NEDs The Chairperson of the Audit Committee	For	Resolution passed
Special	2,4	Directors remuneration	Approval of the remuneration of NEDs The Chairpersons of the Capital Projects, Control and Review Committee, Nominating and Governance Committee, Remuneration Committee, Risk Committee, SET Committee and SHSD Committee (excluding the Chairperson and Lead Independent Director of the Board)	For	Resolution passed
Special	2,5	Directors remuneration	Approval of the remuneration of NEDs Members of the Board (excluding the Chairperson and Lead Independent Director of the Board)	For	Resolution passed
Special	2,6	Auditor remuneration	Approval of the remuneration of NEDs Members of the Audit Committee (excluding the Chairperson of the Audit Committee and Lead Independent Director of the Board)	For	Resolution passed
Special	2,7	Directors remuneration	Members of the Capital Projects, Control and Review Committee, Nominating and Governance Committee, Remuneration Committee, Risk Committee, SET Committee and SHSD Committee (excluding the Chairpersons of these Committees, Chairperson and Lead Independent Director of the Board)	For	Resolution passed
Special	2,8	Directors remuneration	Approval of the remuneration of NEDs Chairperson of an ad-hoc committee (per meeting chaired)	For	Resolution passed
Special	2,9	Directors remuneration	Approval of the remuneration of NEDs Member of an ad-hoc committee (per meeting attended)	For	Resolution passed
Special	3	Loan/financial assistance	Approval for the Company to grant inter-Group financial assistance in terms of sections 44 and 45 of the Companies Act	For	Resolution passed
Special	4	Share buy backs	Acquisition of the Company’s own shares	For	Resolution passed

Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Outcome
Ordinary	1	Appointment of auditors	Re-appointment of independent external auditor	For	Resolution passed
Ordinary	2,1	Election of directors	To re-elect Mr Terence Goodlace as a director of the Company	For	Resolution passed
Ordinary	2,2	Election of directors	To re-elect Mrs Michelle Jenkins as a director of the Company	For	Resolution passed
Ordinary	2,3	Election of directors	To re-elect Mr Sango Ntsaluba as a director of the Company	For	Resolution passed
Ordinary	2,4	Election of directors	To elect Ms Josephine Tsele as a director of the Company	For	Resolution passed
Ordinary	2,5	Election of directors	To re-elect Ms Buyelwa Sonjica as a director of the Company	For	Resolution passed
Ordinary	3,1	Appointment of auditors	Election of Mr Sango Ntsaluba as a member of the Committee	For	Resolution passed
Ordinary	3,2	Appointment of auditors	Election of Mrs Mary Bomela as a member of the Committee	For	Resolution passed
Ordinary	3,3	Appointment of auditors	Election of Mrs Michelle Jenkins as a member of the Committee	For	Resolution passed
Ordinary	4,1	Remuneration policy	Non-binding advisory vote: Approval of the remuneration policy	For	Resolution passed
Ordinary	4,2	Remuneration policy	Non-binding advisory vote: Approval for the implementation of the remuneration policy	For	Resolution passed
Ordinary	5	Issuance of shares	General authority for directors to allot and issue ordinary shares	For	Resolution passed
Ordinary	6	Other	Authorisation to sign documents to give effect to resolutions	For	Resolution passed
Special	1	Issuance of shares	General authority to issue shares for cash	For	Resolution passed
Special	2	Directors remuneration	Remuneration payable to non-executive directors	For	Resolution passed
Special	3	Loan/financial assistance	Approval for the granting of financial assistance in terms of sections 44 and 45 of the Companies Act	For	Resolution passed
Special	4	Share buy backs	General authority to repurchase shares	For	Resolution passed

Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Rationale behind vote (against & abstain)	Outcome
Ordinary	1,1	Election of directors	To elect/re-elect directors: Geraldine Fraser-Moleketi	For		Resolution passed
Ordinary	1,2	Election of directors	To elect/re-elect directors: Trix Kennealy	For		Resolution passed
Ordinary	1,3	Election of directors	To elect/re-elect directors: Li Li	For		Resolution passed
Ordinary	1,4	Election of directors	To elect/re-elect directors: Martin Oduor-Otieno	For		Resolution passed
Ordinary	1,5	Election of directors	To elect/re-elect directors: John Vice	For		Resolution passed
Ordinary	2,1	Appointment of auditors	To re-elect the Audit Committee: Trix Kennealy	For		Resolution passed
Ordinary	2,2	Appointment of auditors	To re-elect the Audit Committee: Martin Oduor-Otieno	For		Resolution passed
Ordinary	2,3	Appointment of auditors	To re-elect the Audit Committee: John Vice	For		Resolution passed
Ordinary	2,4	Appointment of auditors	To re-elect the Audit Committee Nomgando Matyumza	Against	Sufficient Independence in question given connection with Trix Kennealy via Sasol’s board	Resolution passed
Ordinary	2,5	Appointment of auditors	To re-elect the Audit Committee Atedo Peterside	For		Resolution passed
Ordinary	3,1	Appointment of auditors	Reappointment of Auditors KPMG Inc.	For		Resolution passed
Ordinary	3,2	Appointment of auditors	Reappointment of Auditors PricewaterhouseCoopers Inc	For		Resolution passed
Ordinary	4	Shares under director control	Place unissued ordinary shares under control of directors	Against	Quantum high without a defined reason, especially given that this resolution excludes acquisitions and rights issue shares.	Resolution passed
Ordinary	5	Shares under director control	Place unissued preference shares under control of directors	Against	Preference shares no longer qualify as Tier 1 capital, which make it an expensive form of funding.	Resolution passed
Ordinary	6,1	Remuneration policy	Non-binding advisory vote on support the group’s remuneration policy	Against	Financial KPI’s are insufficient and lack disclosure, there are also no disclosure on the non-financial KPI’s for the group incentive pool. We would also like a lower STI maximum limit than the current 300%	Resolution passed
Ordinary	6,2	Remuneration policy	Non-binding advisory vote on endorse the group’s remuneration implementation report	Against	Lacking disclosure on KPI’s (no advance disclosure for FY22 KPI’s for financial or non-financial metrics), weightings and targets for the FY21 STI awards.	Resolution passed
Ordinary	7,1	Directors remuneration	Directors’ Fees Chairman	For		Resolution passed
Ordinary	7,2	Directors remuneration	Directors’ Fees Directors	For		Resolution passed
Ordinary	7,3	Directors remuneration	Directors’ Fees International Directors	For		Resolution passed
Ordinary	7.4.1	Auditor remuneration	Audit Committee Chairman	For		Resolution passed
Ordinary	7.4.2	Auditor remuneration	Audit Committee Members	For		Resolution passed
Ordinary	7.5.1	Directors remuneration	Directors’ Fees: Directors’ Affairs Committee- Chairman	For		Resolution passed
Ordinary	7.5.2	Directors remuneration	Directors’ Fees: Directors’ Affairs Committee- Members	For		Resolution passed
Ordinary	7.6.1	Remuneration policy	Directors’ Fees: Remuneration Committee- Chairman	For		Resolution passed
Ordinary	7.6.2	Remuneration policy	Directors’ Fees: Remuneration Committee- Members	For		Resolution passed
Ordinary	7.7.1	Other	Directors’ Fees: Risk and Capital Management Committee- Chairman	For		Resolution passed
Ordinary	7.7.2	Other	Directors’ Fees: Risk and Capital Management Committee- Members	For		Resolution passed
Ordinary	7.8.1	Other	Directors’ Fees: Social and Ethics Committee- Chairman	For		Resolution passed
Ordinary	7.8.2	Other	Directors’ Fees: Social and Ethics Committee- Members	For		Resolution passed
Ordinary	7.9.1	Other	Directors’ Fees: Engineering Committee	For		Resolution passed
Ordinary	7.9.2	Other	Directors’ Fees: Engineering Committee	For		Resolution passed
Ordinary	7.10.1	Other	Directors’ Fees: Model Approval Committee- Chairman	For		Resolution passed
Ordinary	7.10.2	Other	Directors’ Fees: Model Approval Committee- Members	For		Resolution passed
Ordinary	7,11	Other	Directors’ Fees: Large Exposure Credit Committee-members	For		Resolution passed
Ordinary	7,12	Other	Directors’ Fees: Ad Hoc Committee-members	For		Resolution passed
Ordinary	8	Share buy backs	Grant: General authority to acquire the company’s ordinary shares	For		Resolution passed
Ordinary	9	Share buy backs	Grant: General authority to acquire the company’s preference shares	For		Resolution passed
Ordinary	10	Loan/financial assistance	Approve: Loans or other financial assistance to related or inter-related companies	For		Resolution passed
Ordinary	11,1	Climate policy	Non-binding advisory resolution requisitioned by Aeon Investment Management and Just Share NPC: By 31 March 2023, report on the progress in calculating financed greenhouse gas emissions from exposure to oil and gas	For		Resolution passed
Ordinary	11,2	Climate Disclosure	Non-binding advisory resolution requisitioned by Aeon Investment Management and Just Share NPC: By 31 March 2024, disclosure of baseline financed greenhouse gas emissions from exposure to oil and gas	For		Resolution passed
Ordinary	11,3	Climate policy	Non-binding advisory resolution requisitioned by Aeon Investment Management and Just Share NPC: By 31 March 2025 update the Company’s Climate Policy to include short-, medium-, and long-term targets for the Company’s financed greenhouse gas emissions from oil and gas, aligned with the Paris Agreement	For		Resolution passed

Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Outcome
Ordinary	1,1	Election of directors	Re-election of directors: To re-elect John Lister as a director of the Company	For	Resolution passed
Ordinary	1,2	Election of directors	Re-election of directors: To re-elect Sizeka Magwentshu-Rensburg as a director of the Company	For	Resolution passed
Ordinary	1,3	Election of directors	Re-election of directors: To re-elect Thoko Mokgosi-Mwantembe as a director of the Company	For	Resolution passed
Ordinary	1,4	Election of directors	Re-election of directors: To re-elect Marshall Rapiya as a director of the Company	For	Resolution passed
Ordinary	2,1	Appointment of auditors	Election of Audit committee members: To elect Olufunke Ighodaro as a member of the Audit committee	For	Resolution passed
Ordinary	2,2	Appointment of auditors	Election of Audit committee members: To elect Itumeleng Kgaboesele as a member of the Audit committee	For	Resolution passed
Ordinary	2,3	Appointment of auditors	Election of Audit committee members: To elect Jaco Langner as a member of the Audit committee	For	Resolution passed
Ordinary	2,4	Appointment of auditors	Election of Audit committee members: T To elect John Lister as a member of the Audit committee	For	Resolution passed
Ordinary	2,5	Appointment of auditors	Election of Audit committee members: To elect Nomkhita Nqweni as a member of the Audit committee	For	Resolution passed
Ordinary	3,1	Appointment of auditors	Re-appointment and appointment of Auditors: To re-appoint Deloitte & Touche as joint independent auditors until the conclusion of the next AGM of the company	For	Resolution passed
Ordinary	3,2	Appointment of auditors	Re-appointment and appointment of Auditors: To appoint Ernst & Young as joint independent auditors until the conclusion of the next AGM of the Company	For	Resolution passed
Ordinary	4,1	Remuneration policy	Non-binding advisory votes: Non-binding advisory vote on the Company’s Remuneration Policy	For	Resolution passed
Ordinary	4,2	Remuneration policy	Non-binding advisory votes: Non-binding advisory vote on the Company’s Remuneration Implementation Report	For	Resolution passed
Ordinary	5	Issuance of shares	General authority in respect of an issue of ordinary shares for cash	For	Resolution passed
Special	1	Directors remuneration	To approve the remuneration payable to non-executive directors	For	Resolution passed
Special	2	Share buy backs	To grant general authority to acquire the Company’s own ordinary shares	For	Resolution passed
Special	3	Loan/financial assistance	To approve the provisions of financial assistance to subsidiaries and other related and inter-related entities and to directors, prescribed officers and other persons participating in share or other employee incentive schemes.	For	Resolution passed

Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Rationale behind vote (against & abstain)	Outcome
Ordinary	1	Election of directors	Election of Ms P Langeni, who was appointed as a director of the company after the last AGM of shareholders	For		Resolution passed
Ordinary	2,1	Election of directors	Re-election of directors retiring by rotation: Re-election of Mr MWT Brown, who is retiring by rotation, as a director.	For		Resolution passed
Ordinary	2,2	Election of directors	Re-election of directors retiring by rotation: Re-election of Mr BA Dames, who is retiring by rotation, as a director.	For		Resolution passed
Ordinary	2,3	Election of directors	Re-election of directors retiring by rotation: Re-election of Mr RAG Leith, who is retiring by rotation, as a director.	For		Resolution passed
Ordinary	2,4	Election of directors	Re-election of directors retiring by rotation: Re-election of Mr S Subramoney, who is retiring by rotation, as a director	For		Resolution passed
Ordinary	3,1	Appointment of auditors	Appointment of external auditors: Reappointment of Deloitte & Touche as external auditor.	For		Resolution passed
Ordinary	3,2	Appointment of auditors	Appointment of external auditors: Reappointment of Ernst & Young as external auditor.	For		Resolution passed
Ordinary	4,1	Appointment of auditors	Appointment of the Nedbank Group Audit Committee members: Election of Mr S Subramoney as a member of the Nedbank Group Audit Committee.	For		Resolution passed
Ordinary	4,2	Appointment of auditors	Appointment of the Nedbank Group Audit Committee members: Election of Mr HR Brody as a member of the Nedbank Group Audit Committee.	For		Resolution passed
Ordinary	4,3	Appointment of auditors	Appointment of the Nedbank Group Audit Committee members: Election of Ms NP Dongwana as a member of the Nedbank Group Audit Committee.	For		Resolution passed
Ordinary	4,4	Appointment of auditors	Appointment of the Nedbank Group Audit Committee members: Election of Mr EM Kruger as a member of the Nedbank Group Audit Committee.	For		Resolution passed
Ordinary	5	Shares under director control	Placing the authorised but unissued ordinary shares under the control of the directors	For		Resolution passed
Ordinary	6,1	Remuneration policy	Endorsements of Remuneration Policy and Implementation Report: Advisory endorsement on a non-binding basis of the Nedbank Group Remuneration Policy.	Against	Our issue is mainly around insufficient disclosure: FY21 : KPI’s focus mainly on the Income Statement, we would like a better mix taking Balance Sheet and liquidity ratios into consideration too. No disclosure given on non-financial KPI’s – we would like to understand how ESG is linked to executive remuneration FY22: No advanced disclosure of either financial or non-financial KPI’S for determining STI’s. Structure of LTI awards: We would prefer a longer vesting period than the current 3-years and recommend increasing this to 5 years.	Resolution passed
Ordinary	6,2	Remuneration policy	Endorsements of Remuneration Policy and Implementation Report: Advisory endorsement on a non-binding basis of the Nedbank Group Remuneration Implementation Report.	Against	Our issue is mainly around insufficient disclosure: FY21 : KPI’s focus mainly on the Income Statement, we would like a better mix taking Balance Sheet and liquidity ratios into consideration too. No disclosure given on non-financial KPI’s – we would like to understand how ESG is linked to executive remuneration FY22: No advanced disclosure of either financial or non-financial KPI’S for determining STI’s. Structure of LTI awards: We would prefer a longer vesting period than the current 3-years and recommend increasing this to 5 years.	Resolution passed
Special	1,1	Directors remuneration	Remuneration of the non-executive directors: Non-executive Chairperson	For		Resolution passed
Special	1,2	Directors remuneration	Remuneration of the non-executive directors: Lead Independent Director (additional 40%)	For		Resolution passed
Special	1,3	Directors remuneration	Remuneration of the non-executive directors: Nedbank Group boardmember	For		Resolution passed
Special	1,4	Other	Committee members’ fees: Nedbank Group Audit Committee	For		Resolution passed
Special	1,5	Other	Committee members’ fees:Nedbank Group Credit Committee	For		Resolution passed
Special	1,6	Other	Committee members’ fees: Nedbank Group Directors’ Affairs Committee	For		Resolution passed
Special	1,7	Other	Committee members’ fees: Nedbank Group Information Technology Committee	For		Resolution passed
Special	1,8	Other	Committee members’ fees: Nedbank Group Remuneration Committee	For		Resolution passed
Special	1,9	Other	Committee members’ fees: Nedbank Group Risk and Capital Management Committee	For		Resolution passed
Special	1,1	Other	Committee members’ fees: Nedbank Group Transformation, Social and Ethics Committee	For		Resolution passed
Special	1,11	Other	Committee members’ fees: Nedbank Group Climate Resilience Committee	For		Resolution passed
Special	2,1	Election of directors	Remuneration of non-executive directors appointed as Acting Group Chairperson, Acting Lead Independent Director or Acting Committee Chairperson: Acting Group Chairperson	For		Resolution passed
Special	2,2	Election of directors	Remuneration of non-executive directors appointed as Acting Group Chairperson, Acting Lead Independent Director or Acting Committee Chairperson: Acting Lead Independent Director	For		Resolution passed
Special	2,3	Election of directors	Remuneration of non-executive directors appointed as Acting Group Chairperson, Acting Lead Independent Director or Acting Committee Chairperson: Acting Committee Chairperson	For		Resolution passed
Special	3	Share buy backs	General authority to repurchase ordinary shares	For		Resolution passed
Special	4	Loan/financial assistance	General authority to provide financial assistance to related and interrelated companies	For		Resolution passed

Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Rationale behind vote (against & abstain)	Outcome
Ordinary	1,1	Election of directors	Re-election of SLA Sanusi as a director	For		Resolution passed
Ordinary	1,2	Election of directors	Re-election of VM Rague as a director	For		Resolution passed
Ordinary	1,3	Election of directors	Re-election of KDK Mokhele as a director	For		Resolution passed
Ordinary	1,4	Election of directors	Re-election of MH Jonas as a director	For		Resolution passed
Ordinary	2,1	Appointment of auditors	To elect SN Mabaso-Koyana as a member of the Audit Committee	Against	Both directors are severely over-boarded	Resolution passed
Ordinary	2,2	Appointment of auditors	To elect CWN Molope as a member of the Audit Committee	Against	Both directors are severely over-boarded	Resolution passed
Ordinary	2,3	Appointment of auditors	To elect NP Gosa as a member of the Audit Committee	For		Resolution passed
Ordinary	2,4	Appointment of auditors	To elect VM Rague as a member of the Audit Committee	For		Resolution passed
Ordinary	3,1	Other	To elect NP Gosa as a member of the Social, Ethics and Sustainability Committee.	For		Resolution passed
Ordinary	3,2	Other	To elect SLA Sanusi as a member of the Social, Ethics and Sustainability Committee.	For		Resolution passed
Ordinary	3,3	Other	To elect SP Miller as a member of the Social, Ethics and Sustainability Committee.	For		Resolution passed
Ordinary	3,4	Other	To elect NL Sowazi as a member of the Social, Ethics and Sustainability Committee.	For		Resolution passed
Ordinary	3,5	Other	To elect KDK Mokhele as a member of the Social, Ethics and Sustainability Committee.	For		Resolution passed
Ordinary	4	Auditor remuneration	Appointment of PricewaterhouseCoopers Inc. as an auditor of the Company	Against	• PWC have been the auditors of MTN for 28 years. • While they rotated the audit partner (Huysteen to Madikane) for the 31 Dec 2018 financial year, the firm has not been rotated. • In 2023, this situation should rectify itself given IRBAs rule on mandatory audit firm rotation: “if the audit firm has served as the appointed auditor of a public interest entity for 10 or more consecutive financial years before the financial year commencing on or after 1 April 2023, then the audit firm shall not accept re-appointment and will be required to rotate.”	Resolution passed
Ordinary	5	Auditor remuneration	Appointment of Ernst and Young Inc. as an auditor of the Company	For		Resolution passed
Ordinary	6	Shares under director control	General authority for directors to allot and issue ordinary shares	Against	At the current share price, 5% of the share capital amounts to R16bn which appears to be too significant a sum over which directors should have control with no specific motivation attached. More importantly, there is no maximum discount disclosed at which shares may be issued.	Resolution passed
Ordinary	7	Shares under director control	General authority for directors to allot and issue ordinary shares for cash	Against	At the current share price, 5% of the share capital amounts to R16bn which appears to be too significant a sum over which directors should have control with no specific motivation attached. More importantly, there is no maximum discount disclosed at which shares may be issued.	Resolution passed
Ordinary	8	Remuneration policy	Non-binding advisory vote – endorsement of the Company’s remuneration policy	Against	• STI KPIs disclosed; however no targets disclosed. • LTI KPIs were disclosed and align with long term shareholder value creation; however disclosure of targets for KPIs remains unclear. While it is noted that targets are disclosed ex-ante for TSR, COFCF and ROE this is not quite the case : targets of 90% - 100%/110% of a number based on a three year business plan (which is not disclosed) would not qualify as ex-ante disclosure in my opinion as they remain unclear.	Resolution passed
Ordinary	9	Remuneration policy	Non-binding advisory vote – endorsement of the Company’s remuneration implementation report	Against	• Disclosure on KPI targets was insufficient for the FY21 year to reliably explain incentive awards relative to executive performance. This makes it difficult to endorse an implementation report where disclosure is given ex-post. • To note, STI KPIs and targets were not disclosed in advance for the FY21 year. No reason given for non-disclosure. • FY21 LTI KPIs disclosed in advance in FY20 remuneration policy, but targets not disclosed nor was a reason given for non-disclosure. • Threshold targets disclosed after the fact in the implementation report appeared low (potentially a COVID after-effect where targets were low-balled given uncertainty?)	Resolution passed
Ordinary	10	Other	Authorisation to sign documents to give effect to resolutions	For		Resolution passed
Ordinary	1,1	Remuneration policy	To approve remuneration payable to MTN Group Board Local Chairman	For		Resolution passed
Ordinary	1,2	Remuneration policy	To approve remuneration payable to MTN Group Board International Chairman	For		Resolution passed
Ordinary	1,3	Remuneration policy	To approve remuneration payable to MTN Group Board Local member	For		Resolution passed
Ordinary	1,4	Remuneration policy	To approve remuneration payable to MTN Group Board International member	For		Resolution passed
Ordinary	1,5	Remuneration policy	To approve remuneration payable to MTN Group Board Local Lead Independent director	For		Resolution passed
Ordinary	1,6	Remuneration policy	To approve remuneration payable to MTN Group Board International Lead Independent director	For		Resolution passed
Ordinary	1,7	Remuneration policy	To approve remuneration payable to Human Capital and Remuneration Committee Local Chairman	For		Resolution passed
Ordinary	1,8	Remuneration policy	To approve remuneration payable to Human Capital and Remuneration Committee International Chairman	For		Resolution passed
Ordinary	1,9	Remuneration policy	To approve remuneration payable to Human Capital and Remuneration Committee Local member	For		Resolution passed
Ordinary	1,1	Remuneration policy	To approve remuneration payable to Human Capital and Remuneration Committee International member	For		Resolution passed
Ordinary	1,11	Remuneration policy	To approve remuneration payable to Social, Ethics and Sustainability Local Chairman	For		Resolution passed
Ordinary	1,12	Remuneration policy	To approve remuneration payable to Social, Ethics and Sustainability International Chairman	For		Resolution passed
Ordinary	1,13	Remuneration policy	To approve remuneration payable to Social, Ethics and Sustainability Local member.	For		Resolution passed
Ordinary	1,14	Remuneration policy	To approve remuneration payable to Social, Ethics and Sustainability International member.	For		Resolution passed
Ordinary	1,15	Remuneration policy	To approve remuneration payable to Audit Committee Local Chairman	For		Resolution passed
Ordinary	1,16	Remuneration policy	To approve remuneration payable to Audit Committee International Chairman	For		Resolution passed
Ordinary	1,17	Remuneration policy	To approve remuneration payable to Audit Committee Local member	For		Resolution passed
Ordinary	1,18	Remuneration policy	To approve remuneration payable to Audit Committee International member	For		Resolution passed
Ordinary	1,19	Remuneration policy	To approve remuneration payable to Risk Management and Compliance Committee Local Chairman	For		Resolution passed
Ordinary	1,2	Remuneration policy	To approve remuneration payable to Risk Management and Compliance Committee International Chairman	For		Resolution passed
Ordinary	1,21	Remuneration policy	To approve remuneration payable to Risk Management and Compliance Committee Local member	For		Resolution passed
Ordinary	1,22	Remuneration policy	To approve remuneration payable to Risk Management and Compliance Committee International member	For		Resolution passed
Ordinary	1,23	Remuneration policy	To approve remuneration payable to Local member for Special assignments or projects (per day)	For		Resolution passed
Ordinary	1,24	Remuneration policy	To approve remuneration payable to International member for Special assignments or projects (per day)	For		Resolution passed
Ordinary	1,25	Remuneration policy	To approve remuneration payable for ad hoc work performed by non-executive directors for special projects (hourly rate)	For		Resolution passed
Ordinary	1,26	Remuneration policy	To approve remuneration payable to MTN Group Share Trust (trustees) Local Chairman	For		Resolution passed
Ordinary	1,27	Remuneration policy	To approve remuneration payable to MTN Group Share Trust (trustees) International Chairman	For		Resolution passed
Ordinary	1,28	Remuneration policy	To approve remuneration payable to MTN Group Share Trust (trustees) Local member	For		Resolution passed
Ordinary	1,29	Remuneration policy	To approve remuneration payable to MTN Group Share Trust (trustees) International member	For		Resolution passed
Ordinary	1,3	Remuneration policy	To approve remuneration payable to Sourcing Committee Local Chairman	For		Resolution passed
Ordinary	1,31	Remuneration policy	To approve remuneration payable to Sourcing Committee International Chairman	For		Resolution passed
Ordinary	1,32	Remuneration policy	To approve remuneration payable to Sourcing Committee Local member	For		Resolution passed
Ordinary	1,33	Remuneration policy	To approve remuneration payable to Sourcing Committee International member	For		Resolution passed
Ordinary	1,34	Remuneration policy	To approve remuneration payable to Directors Affairs and Corporate Governance Committee Local Chairman	For		Resolution passed
Ordinary	1,35	Remuneration policy	To approve remuneration payable to Directors Affairs and Corporate Governance Committee International Chairman	For		Resolution passed
Ordinary	1,36	Remuneration policy	To approve remuneration payable to Directors Affairs and Corporate Governance Committee Local member	For		Resolution passed
Ordinary	1,37	Remuneration policy	To approve remuneration payable to Directors Affairs and Corporate Governance Committee International member	For		Resolution passed
Ordinary	2	Remuneration policy	To approve the repurchase of the Company’s shares	For		Resolution passed
Ordinary	3	Remuneration policy	To approve the granting of financial assistance to subsidiaries and other related and interrelated entities	For		Resolution passed
Ordinary	4	Remuneration policy	To approve the granting of financial assistance to directors and/or prescribed officers and employee share scheme beneficiaries	For		Resolution passed
Ordinary	5	Remuneration policy	To approve the granting of financial assistance to MTN Zakhele Futhi (RF) Limited	For		Resolution passed

Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Rationale behind vote (against & abstain)	Outcome
Ordinary	1,1	Election of directors	Resolution to elect and re-elect non-executive and executive directors: Re-election of Dr GJ Fraser-Moleketi as an independent non-executive director	For		Resolution passed
Ordinary	1,2	Election of directors	Resolution to elect and re-elect non-executive and executive directors: Re-election of Mr PCCH Snyders as an independent non-executive director	For		Resolution passed
Ordinary	1,3	Election of directors	Resolution to elect and re-elect non-executive and executive directors: Election of Mr IN Malevu as a non-executive director	For		Resolution passed
Ordinary	1,4	Election of directors	Resolution to elect and re-elect non-executive and executive directors: Election of Ms KM Ireton as an independent non-executive director	For		Resolution passed
Ordinary	1,5	Election of directors	Resolution to elect and re-elect non-executive and executive directors: Election of Mr B Magara as an independent non-executive director	For		Resolution passed
Ordinary	1,6	Election of directors	Resolution to elect and re-elect non-executive and executive directors: Election of Mr B Mawasha as an independent non-executive director	For		Resolution passed
Ordinary	1,7	Election of directors	Resolution to elect and re-elect non-executive and executive directors: Election of Dr P Mnganga as an independent non-executive director	For		Resolution passed
Ordinary	2,1	Other	Resolution to elect group Audit committee members: Election of Mr B Mawasha as a member of the group Audit committee	For		Resolution passed
Ordinary	2,2	Other	Resolution to elect group Audit committee members: Election of Mr LI Mophatlane as a member of the group Audit committee	For		Resolution passed
Ordinary	2,3	Other	Resolution to elect group Audit committee members: Election of Mr V Nkonyeni as a member of the group Audit committee	For		Resolution passed
Ordinary	2,4	Other	Resolution to elect group Audit committee members: Election of Ms CJ Nxumalo as a member of the group Audit committee	For		Resolution passed
Ordinary	3,1	Other	Resolution to elect group Social, ethics and responsibility committee members: Election of Dr GJ Fraser-Moleketi as a member of the group Social, ethics and responsibility committee	For		Resolution passed
Ordinary	3,2	Other	Resolution to elect group Social, ethics and responsibility committee members: Election of Ms KM Ireton as a member of the group Social, ethics and responsibility committee	For		Resolution passed
Ordinary	3,3	Other	Resolution to elect group Social, ethics and responsibility committee members: Election of Ms L Mbatha as a member of the group Social, ethics and responsibility committee	For		Resolution passed
Ordinary	3,4	Other	Resolution to elect group Social, ethics and responsibility committee members: Election of Mr LI Mophatlane as a member of the group Social, ethics and responsibility committee	For		Resolution passed
Ordinary	3,5	Other	Resolution to elect group Social, ethics and responsibility committee members: Election of Mr PCCH Snyders as a member of the group Social, ethics and responsibility committee	For		Resolution passed
Ordinary	4	Appointment of auditors	Resolution to appoint KPMG Consortium as independent external auditor for the financial year ending 31 December 2022, until the conclusion of the next AGM	For		Resolution passed
Ordinary	5	Shares under director control	Resolution for a general authority to place authorised but unissued shares under the control of directors	For		Resolution passed
Ordinary	6	Issuance of shares	Resolution for a general authority to issue shares for cash	For		Resolution passed
Ordinary	7	Issuance of shares	Resolution to authorise directors and/or group company secretary to implement the resolutions set out in the notice convening the annual general meeting	For		Resolution passed
Special	1	Directors remuneration	Special resolution to approve non-executive directors’ fees for the period 1 June 2022 to the next AGM	For		Resolution passed
Special	2	Loan/financial assistance	Special resolution to authorise financial assistance for the subscription of securities	For		Resolution passed
Special	3	Loan/financial assistance	Special resolution to authorise financial assistance to related or inter-related companies	For		Resolution passed
Special	4	Share buy backs	Special resolution for a general authority to repurchase shares	Against	20% general authorisation to buy back shares is too high – especially given the 30% BEE shareholding which could dilute potential minority shareholders/change in control.	Resolution passed
Ordinary	1	Remuneration policy	Resolution through non-binding advisory note to approve the remuneration policy	For		Resolution passed
Ordinary	2	Remuneration policy	Resolution through non-binding advisory note to endorse the implementation of the remuneration policy	For		Resolution passed

Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Rationale behind vote (against & abstain)	Outcome
Ordinary	1	Appointment of auditors	Re-appointment of Auditors and Designated Individual Partner	For		Resolution passed
Ordinary	2	Election of directors	Re-election of a director: NJ Froneman	For		Resolution passed
Ordinary	3	Election of directors	Re-election of a director: SC van der Merwe	For		Resolution passed
Ordinary	4	Election of directors	Re-election of a director: SN Danson	For		Resolution passed
Ordinary	5	Election of directors	Re-election of a director: HJR Kenyon-Slaney	For		Resolution passed
Ordinary	6	Appointment of auditors	Election of a member and chair of the Audit Committee: KA Rayner	For		Resolution passed
Ordinary	7	Appointment of auditors	Election of a member of the Audit Committee: TJ Cumming	For		Resolution passed
Ordinary	8	Appointment of auditors	Election of a member of the Audit Committee: SN Danson	For		Resolution passed
Ordinary	9	Appointment of auditors	Election of a member of the Audit Committee: RP Menell	Against	Concerns around independence	Resolution passed
Ordinary	10	Appointment of auditors	Election of a member of the Audit Committee: NG Nika	Against	Concerns around independence	Resolution passed
Ordinary	11	Appointment of auditors	Election of a member of the Audit Committee: SC van der Merwe	Against	Concerns around independence	Resolution passed
Ordinary	12	Appointment of auditors	Election of a member of the Audit Committee: SV Zilwa	For		Resolution passed
Ordinary	13	Issuance of shares	Approval for the issue of authorised but unissued ordinary shares	For		Resolution passed
Ordinary	14	Issuance of shares	Issuing equity securities for cash	For		Resolution passed
Ordinary	15	Remuneration policy	Non-binding advisory vote on Remuneration Policy	Against	Non-financial and personal KPIs lack sufficient disclosure and the maximum of LTI and STI together seems excessive at 450% of TGP	Resolution passed
Ordinary	16	Remuneration policy	Non-binding advisory vote on Remuneration Implementation Report	Against	given disclosure concerns, we cannot accurately assess the reasonableness of the awards to management. Also, compared to peers, the quantum of pay seems excessive	Resolution passed
Special	1	Directors remuneration	Approval for the remuneration of non-executive Directors	For		Resolution passed
Special	2	Other	Approval for a per diem allowance	For		Resolution passed
Special	3	Loan/financial assistance	Approval for the Company to grant financial assistance in terms of sections 44 and 45 of the Act	For		Resolution passed
Special	4	Share buy backs	Acquisition of the Company’s own shares and American depository shares	For		Resolution passed

Resolution	Item Number	Proposal category/Resolution	Details of the Resolution	Vote	Outcome
Ordinary	1,1	Election of directors	Re-election of directors Ms MDC Ramos	For	Resolution passed
Ordinary	1,2	Election of directors	Re-election of directors Ms MC Richter	For	Resolution passed
Ordinary	1,3

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