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Results of Annual General Meeting
Mahube Infrastructure Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2015/115237/06)
ISIN: ZAE000290763
JSE code: MHB
("Mahube" or the "Company")
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the Annual General Meeting of the Company ("AGM") held on Wednesday, 17
September 2025, all resolutions as set out in the notice of the AGM, which was published and distributed to
shareholders on 30 May 2025, were duly approved by the requisite majority of shareholders present and voting,
either in person or represented by proxy, with the exception of the following:
- Non-binding Advisory Resolutions number 5.1- Remuneration Policy and 5.2 - Remuneration
Implementation Report were not endorsed by the requisite majority of shareholders' votes and
accordingly, an invitation is extended to the dissenting shareholders to engage with the Company as set
out below.
Shareholders are advised that:
- the total number of shares in issue as at the date of the AGM was 55 151 000;
- the total number of shares that were present in person/represented by proxy at the AGM was
44 456 141 shares, being 80.61% of the total number of shares in issue; and
- abstentions are presented as a percentage of shares entitled to vote at the AGM.
Details of the results of the voting at the AGM are as follows:
Shares voted Votes For Votes Against Abstentions
Number % (1) % (2) % (2) % (1)
Ordinary Resolutions:
Re-election of Directors
Ordinary Resolution number 1.1
Re-election of Mr M Kuscus 44 451 141 80,60 100,00 0,00 0,01
Ordinary Resolution number 1.2
Re-election of Ms S Tuku 44 451 141 80,60 55,01 44,99 0,01
Appointment of members of Audit
and Risk Committee
Ordinary Resolution number 2.1
Ms S Tuku - Chair 44 451 141 80,60 55,01 44,99 0,01
Ordinary Resolution number 2.2
Ms M May 44 451 141 80,60 100,00 0,00 0,01
Ordinary Resolution number 2.3
Ms M Shikwinya 44 451 141 80,60 99,96 0,04 0,01
Appointment of members of
Social and Ethics Committee
Ordinary Resolution number 3.1
Ms M Shikwinya - Chair 44 451 141 80,60 99,96 0,04 0,01
Ordinary Resolution number 3.2
Mr M Kuscus 44 451 141 80,60 100,00 0,00 0,01
Ordinary Resolution number 3.3
Ms P Lewis 44 451 141 80,60 100,00 0,00 0,01
Ordinary Resolution number 4
Re-appointment of independent
external auditor 44 451 141 80,60 100,00 0,00 0,01
Ordinary Resolution number 5
Authority to sign documents 44 451 141 80,60 100,00 0,00 0,01
Non-binding advisory votes
5.1 Non-binding endorsement of
Remuneration Policy 39 289 022 71,24 49,09 50,91 9,37
5.2 Non-binding endorsement of
Remuneration Implementation
Report 39 279 818 71,22 49,08 50,92 9,39
Special Resolution:
Special Resolution number 1
Approval of non-executive directors'
remuneration 39 258 391 71,18 100,00 0,00 9,42
Notes:
1. As a percentage of the shares entitled to vote.
2. As a percentage of the shares voted
Those shareholders who voted against the endorsement of the Remuneration Policy and Implementation Report
are invited to engage with the Company by sending an email to melinda@fusioncorp.co.za by 29 November 2025.
The Company welcomes further engagement and, based on the feedback received, the Remuneration Committee
will extend an invitation to the dissenting shareholders to engage with the Company.
Sandton
17 September 2025
JSE Sponsor to Mahube
Questco Corporate Advisory Proprietary Limited
Date: 17-09-2025 01:42:00
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