MAHUBE INFRASTRUCTURE LIMITED - Results of annual general meeting

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 Tuesday, 22
September 2026, all resolutions as set out in the notice of the AGM, which was published and distributed to
shareholders on 1 July 2026, 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:

    -   Ordinary Resolution number 6 – Approval of the remuneration policy and Ordinary Resolution number 7
        – Approval of the remuneration implementation report; and
    -   Special Resolution number 1 – Remuneration of non-executive directors.


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 53 534 112 shares,
   being 97.07% of the total number of shares in issue; and
- abstentions are represented below as a percentage of the total number of shares in issue.

Details of the results of the voting at the AGM are as follows:

                                                 Shares voted          Votes       Votes For     Votes
                                                                     Abstained                  Against
                                             Number             %       %(1)          % (2)       % (2)

Ordinary Resolutions:
Retirement, re-election and election of directors
Ordinary Resolution number 1.1              53 515 685     97.03%      0.03%        84.04%       15.96%
Re-election of Ms M May, who retires by
rotation
Ordinary Resolution number 1.2              53 515 685     97.03%      0.03%        84.04%       15.96%
Election of Ms N Maidi as a director
Ordinary Resolution number 1.3              53 515 685     97.03%      0.03%        84.04%       15.96%
Election of Ms T Zambane as a director
Appointment/reappointment of members of the Audit and Risk Committee
Ordinary Resolution number 2.1             53 515 685   97.03%       0.03%        84.04%      15.96%
Appointment of Ms N Maidi as
Chairperson and member
Ordinary Resolution number 2.2             53 515 685   97.03%       0.03%        84.04%      15.96%
Re-appointment of Ms M May as a
member
Ordinary Resolution number 2.3             53 515 685   97.03%       0.03%        84.04%      15.96%
Appointment of Ms T Zambane as a
member
Appointment/reappointment of members of the Social and Ethics Committee
Ordinary Resolution number 3.1             53 515 685   97.03%       0.03%        84.04%      15.96%
Appointment of Ms T Zambane as
Chairperson and member
Ordinary Resolution number 3.2             34 267 986   62.13%      34.93%        75.07%      24.93%
Re-appointment of Mr M Kuscus as a
member
Ordinary Resolution number 3.3             34 267 986   62.13%      34.93%         100%         0%
Re-appointment of Ms P Lewis as a
member
Ordinary Resolution number 4               53 534 112   97.07%          0          100%         0%
Appointment of BDO South Africa
Incorporated as independent auditor and
Mr Edward Dreyer as designated audit
partner
Ordinary Resolution number 5               53 534 112   97.07%          0          100%         0%
Authority to sign all required documents
Ordinary Resolution number 6               53 515 685   97.03%       0.03%        0.23%       99.77%
Approval of the remuneration policy
Ordinary Resolution number 7               53 515 685   97.03%       0.03%        0.23%       99.77%
Approval of the remuneration
implementation report
Special Resolution:
Special Resolution number 1                53 515 685   97.03%       0.03%        48.07%      51.93%
Remuneration of non-executive directors


       Notes:
       1.   As a percentage of the Shares entitled to vote.
       2.   As a percentage of Shares voted on each resolution.


Those shareholders who voted against the resolutions in respect of the Remuneration Policy, the Remuneration
Implementation Report and Remuneration of non-executive directors are invited to engage with the Company by
sending an email to Melinda Gous at melinda@fusioncorp.co.za by Friday, 30 October 2026. 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
23 September 2026

JSE Sponsor to Mahube
Questco Corporate Advisory Proprietary Limited
Date: 23/09/2026 12:32:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.