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Results of Annual General Meeting
AVI Limited
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “Company”)
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that the voting results for the Annual General Meeting
(“AGM”) of AVI held at 11h00 on Tuesday, 10 November 2026 were as follows:
Resolution Resolution Number of Shares For** Against Abstained*
shares voted as
Number % ** %
voted in percentage
person or of shares %
by proxy in issue*
%
1. Ordinary 260 675 796 75.93% 100.00% 0.00% 0.26%
resolution
Adoption of annual
financial
statements
2. Ordinary 260 676 944 75.93% 99.99% 0.01% 0.26%
resolution
Re-appointment of
Ernst & Young Inc.
as the external
auditors and Mr
Wickus Botha as
designated partner
3. Ordinary 260 676 328 75.93% 99.79% 0.21% 0.26%
resolution
Re-election of Mr
M J Watters as a
director
4. Ordinary 260 676 328 75.93% 100.00% 0.00% 0.26%
resolution
Re-election of Mrs
A Muller as a
director
5. Ordinary 260 676 328 75.93% 99.29% 0.71% 0.26%
resolution
Appointment of Mr
S G Robinson as a
member and
Chairman of the
Audit and Risk
Committee
6. Ordinary 260 676 328 75.93% 100.00% 0.00% 0.26%
resolution
Appointment of Ms
M R Mouyeme as a
member of the
Audit and Risk
Committee
7. Ordinary 260 676 328 75.93% 99.56% 0.44% 0.26%
resolution
Appointment of Mrs
A Muller as a
member of the
Audit and Risk
Committee
8. Ordinary 260 379 548 75.84% 99.09% 0.91% 0.35%
resolution
Appointment of Mrs
A Muller as a
member and
Chairman of the
Social and Ethics
Committee
9. Ordinary 260 676 228 75.93% 100.00% 0.00% 0.26%
resolution
Appointment of Mr
M J Watters as a
member of the
Social and Ethics
Committee
10. Ordinary 260 676 328 75.93% 100.00% 0.00% 0.26%
resolution
Appointment of Ms
M R Mouyeme as a
member of the
Social and Ethics
Committee
11. Ordinary 254 029 803 75.40% 97.28% 2.72% 0.27%
resolution
General authority
to buy-back
shares***
12. Special resolution 260 667 126 75.92% 99.32% 0.68% 0.26%
Increase in fees
payable to non-
executive
directors,
excluding the
Chairman of the
Board
13. Special resolution 260 663 422 75.92% 99.75% 0.25% 0.27%
Increase in fees
payable to the
Chairman of the
Board
14. Special resolution 260 667 126 75.92% 99.75% 0.25% 0.26%
Increase in fees
payable to members
of the
Remuneration,
Nomination and
Appointments
Committee
15. Special resolution 260 660 434 75.92% 97.54% 2.46% 0.27%
Increase in fees
payable to members
of the Audit and
Risk Committee
16. Special resolution 260 657 186 75.92% 99.75% 0.25% 0.27%
Increase in fees
payable to non-
executive members
of the Social and
Ethics Committee
17. Special resolution 260 660 434 75.92% 99.75% 0.25% 0.27%
Increase in fees
payable to the
Chairman of the
Remuneration,
Nomination and
Appointments
Committee
18. Special resolution 260 660 434 75.92% 99.75% 0.25% 0.27%
Increase in fees
payable to the
Chairman of the
Audit and Risk
Committee
19. Special resolution 260 657 186 75.92% 99.93% 0.07% 0.27%
Increase in fees
payable to the
Chairman of the
Social and Ethics
Committee
20. Special resolution 260 656 730 75.92% 97.71% 2.29% 0.27%
Increase in fees
payable to the
Chairman of the
Board, should the
Chairman be a
foreign non-
executive director
21. Special resolution 260 660 434 75.92% 97.71% 2.29% 0.27%
Increase in fees
payable to the
members of the
Audit and Risk
Committee, should
the member be a
foreign non-
executive director
22. Special resolution 260 660 534 75.92% 97.71% 2.29% 0.27%
Increase in fees
payable to the
members of the
Remuneration,
Nomination and
Appointments
Committee, should
the member be a
foreign non-
executive director
23. Special resolution 260 657 286 75.92% 97.71% 2.29% 0.27%
Increase in fees
payable to the
members of the
Social and Ethics
Committee, should
the member be a
foreign non-
executive director
24. Ordinary 254 308 633 74.07% 53.13% 46.87% 2.12%
Resolution
Endorsement of the
remuneration
policy
Ordinary
25. 254 298 214 74.07% 54.88% 45.12% 2.12%
Resolution
Endorsement of the
implementation
report
* Based on 343 326 191 shares in issue at the date of the AGM.
** In relation to the total number of shares voted at the AGM.
*** Based on 336 911 227 shares (excludes 6 414 964 share scheme shares) in issue
at the date of the AGM.
All of the resolutions were passed by the requisite majority of AVI shareholders
present in person or represented by proxy at the AGM.
Notwithstanding that the remuneration policy and implementation report were
approved by more than 50% of AVI’s shareholders present in person or represented
by proxy at the AGM, the Board invites dissenting shareholders who have not already
engaged with the Company, to engage with the Company in writing to the Group
Company Secretary at vivienc@avi.co.za.
Illovo
Sandton
11 November 2026
Sponsor
The Standard Bank of South Africa Limited
Date: 11/11/2026 09:28:45
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