aReit PROP LIMITED - Results of Annual General Meeting & Update on Board and Committee Roles

Results of Annual General Meeting & Update on Board and Committee Roles

AREIT PROP LIMITED
Approved as a REIT
(Incorporated in the Republic of South Africa)
(Registration number 2021/837953/06)
(“aReit Prop” or “the Company”)
ISIN Code: ZAE000306585 | JSE Code: APO

RESULTS OF ANNUAL GENERAL MEETING (“AGM”) AND UPDATE ON BOARD AND COMMITTEE ROLES

Shareholders are advised that, at the AGM of aReit Prop held on Thursday, 31 August 2023, convened
in terms of the notice of AGM contained in the Annual Report for the year ended 31 December 2022,
the voting information is as follows:

Number of ordinary shares represented at the AGM                                          88 915.220
Total number of issued ordinary shares                                                   100,000,000
Percentage of ordinary shares represented at the AGM                                          89.92%

The resolutions proposed at the AGM, together with the percentage of votes carried for and against
each resolution, are set out below:

                                                                 Number of votes
                                                                           Abstain
                                                                      (% of issued     Total Votes
                                                   For      Against          share      (excluding
                                                    %             %        capital)    abstentions)

 Ordinary Resolution Number 1 –            88 915 220          -              -         88 915 220
 Presentation and acceptance of             100.00%         0.00%           0.00%          88.92%
 annual financial statements

 Ordinary Resolution Number 2 –            88 915 220          -              -         88 915 220
 Interim appointment – Mr Jason Kruger      100.00%         0.00%           0.00%          88.92%

 Ordinary Resolution Number 3 –            88 915 220          -              -         88 915 220
 Director retirement and re-election –      100.00%         0.00%           0.00%          88.92%
 Mr Jacques Osse

 Ordinary Resolution Number 4 –            88 915 220          -              -         88 915 220
 Director retirement and re-election –      100.00%         0.00%           0.00%          88.92%
 Stuart Chase

 Ordinary Resolution Number 5 –            88 915 220          -              -         88 915 220
 Re-appointment and remuneration of         100.00%         0.00%           0.00%          88.92%
 auditors

 Ordinary resolution Number 7 -            88 915 220          -              -         88 915 220
 Re-appointment of Audit and Risk           100.00%         0.00%           0.00%          88.92%
 Committee member: Mr Stuart Chase

 Ordinary Resolution Number 8 –            88 915 220          -              -         88 915 220
 Appointment of Audit and Risk              100.00%         0.00%           0.00%          88.92%
 Committee member: Mr Jason Kruger

 Ordinary Resolution Number 9 –            88 915 220          -              -         88 915 220
 Endorsement of aReit’s Remuneration        100.00%         0.00%           0.00%          88.92%
 Policy

 Ordinary Resolution Number 10 –           88 915 220          -              -         88 915 220
 Endorsement of the implementation of       100.00%         0.00%           0.00%          88.92%
 aReit’s Remuneration Policy

 Special Resolution Number 1 –             88 915 220          -              -         88 915 220
 General authority to allot and issue       100.00%         0.00%           0.00%          88.92%
 shares for cash

 Special Resolution Number 2 –             88 908 420       6 800              -         88 915 220
 Authority to issue shares, securities       99.99%         0.01%           0.00%          88.92%
 convertible into shares or rights that
 may exceed 30% of the voting power
 of the current issued share capital

 Special Resolution Number 3 –             88 915 220         -               -        88 915 220
 Non-executive directors’ remuneration      100.00%        0.00%            0.00%         88.92%

 Special Resolution Number 4 –             88 915 220         -               -        88 915 220
 General authority to provide financial     100.00%        0.00%            0.00%         88.92%
 assistance to related and inter-related
 companies and corporations in terms
 of section 45 of the Companies Act


Ordinary Resolution Number 6 was withdrawn as the Director had resigned prior to the holding of the
AGM.

Mr J Osse will be appointed as a member of the Audit and Risk Committee in the interim until a new
appointment has been made.

Mr J Kruger has been nominated as the Lead Independent Non-Executive Director.

By Order of the Board
CAPE TOWN

1 September 2023

SPONSOR
AcaciaCap Advisors Proprietary Limited

Date: 01-09-2023 12:10:00
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