THE SPAR GROUP LIMITED - Results of annual general meeting

Results of annual general meeting

THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
JSE Code: SPP
ISIN: ZAE000058517
(“SPAR” or the “Company”)

RESULTS OF ANNUAL GENERAL MEETING

SPAR shareholders (“Shareholders”) are advised that at the annual general meeting (“AGM”) of
Shareholders held on Tuesday, 11 February 2020, the ordinary and special resolutions, as set out in
the notice of AGM dated 12 November 2019, were approved by the requisite majority of Shareholders
present or represented by proxy.

All resolutions proposed at the AGM, together with the percentage of shares abstained, as well as the
percentage of votes carried for and against each resolution, are as follows:

Ordinary Business

1.   Ordinary resolution number 1: Adoption of the annual financial statements of the Company

 Shares Voted             Abstained                For                       Against
 146 212 872              0.32%                    100.00%                   0.00%
 75.91%


2.   Ratification of the appointment of a non-executive director

Ordinary resolution number 2: Appointment of Mr L Koyana

 Shares Voted             Abstained                For                       Against
 146 549 317              0.14%                    99.93%                    0.07%
 76.09%


3.   Re-election of non-executive directors

Ordinary resolution number 3.1: Re-election of Harish Mehta

 Shares Voted             Abstained                For                       Against
 146 549 717              0.14%                    82.98%                    17.02%
 76.09%

Ordinary resolution number 3.2: Re-election of Phumla Mnganga

 Shares Voted             Abstained                For                       Against
 146 550 117              0.14%                    81.57%                    18.43%
 76.09%

Ordinary resolution number 3.3: Re-election of Andrew Waller

 Shares Voted             Abstained                For                       Against
 146 550 117              0.14%                    98.81%                    1.19%
 76.09%

4.   Ordinary resolution number 4: Re-election of PricewaterhouseCoopers Inc. as the independent
     external auditors of the Company and Sharalene Randelhoff as the independent designated
     auditor

 Shares Voted             Abstained                For                       Against
 146 550 217              0.14%                    100.00%                   0.00%
 76.09%


5.   Re-election of members of the Audit Committee

Ordinary resolution number 5.1: Re-election of Marang Mashologu

 Shares Voted             Abstained                For                       Against
 146 550 117              0.14%                    99.31%                    0.69%
 76.09%


Ordinary resolution number 5.2: Re-election of Harish Mehta

 Shares Voted             Abstained                For                       Against
 146 549 717              0.14%                    63.50%                    36.50%
 76.09%

Ordinary resolution number 5.3: Re-election of Andrew Waller

 Shares Voted             Abstained                For                       Against
 146 550 117              0.14%                    98.81%                    1.19%
 76.09%

6.   Ordinary resolution number 6: Authority to issue shares for the purpose of share options

 Shares Voted             Abstained                For                       Against
 146 549 123              0.14%                    93.99%                    6.01%
 76.09%


7.   Ordinary resolution number 5: Authority to issue shares for the purpose of The SPAR Group
     Limited Conditional Share Plan

 Shares Voted             Abstained                For                       Against
 146 549 123              0.14%                    98.33%                    1.67%
 76.09%
8.     Ordinary resolution number 8: Non-binding advisory vote 1: Non-binding advisory vote on
       SPAR’s remuneration policy

    Shares Voted            Abstained              For                       Against
    146 474 048             0.18%                  91.52%                    8.48%
    76.05%


9.     Ordinary resolution number 9: Non-binding advisory vote 2: Non-binding advisory vote on
       SPAR’s remuneration implementation report

    Shares Voted            Abstained              For                       Against
    146 546 803             0.14%                  85.83%                    14.17%
    76.09%

Special Business

1.     Special resolution number 1: Financial assistance to related or inter-related companies

    Shares Voted            Abstained              For                        Against
    146 549 921             0.14%                  91.86%                     8.14%
    76.09%


2.     Special resolution number 2: Non-executive directors’ fees

    Shares Voted            Abstained              For                        Against
    146 549 121             0.14%                  96.77%                     3.23%
    76.09%


Notes:

-     Percentages of shares voted are calculated in relation to the total issued share capital of SPAR.
-     Percentage of shares voted for and against are calculated in relation to the total number of shares
      voted for each resolution.
-     Abstentions are calculated as a percentage in relation to the total issued share capital of SPAR.


Pinetown
11 February 2019

Sponsor
One Capital

Date: 11-02-2020 01:20:00
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