MPACT LIMITED - Report on proceedings at the annual general meeting

Report on proceedings at the annual general meeting

Mpact Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
Share code: MPT
ISIN: ZAE000156501
("Mpact")

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

At the 2019 annual general meeting ("AGM" or "the meeting") of the shareholders of Mpact held today, 6 June 2019 all the ordinary and special resolutions proposed at
the meeting were approved by the requisite majority of votes. In this regard, Mpact confirms the voting statistics from the AGM as follows:

                                          Votes cast disclosed as a percentage   Number of      Shares voted            Shares abstained
                                          in relation to the total number of     shares voted   disclosed as a          disclosed as a
                                          shares voted at the meeting                           percentage in           percentage in
Resolutions                                                                                     relation to the total   relation to the total
                                                                                                issued shares*          issued shares*
                                          For                 Against

Ordinary Resolution 1: Acceptance of      100.00%             0.00%              141,996,021    81.93%                  0.42%
the Annual Financial Statements
Ordinary Resolution 2: Election of        100.00%             0.00%              141,996,021    81.93%                  0.10%
director - PCS Luthuli
Ordinary Resolution 3: Re-election of     100.00%             0.00%              141,996,021    81.93%                  0.10%
director - TDA Ross
Ordinary Resolution 4: Re-election of     91.65%              8.35%              141,996,021    81.93%                  21.20%
director - NB Langa-Royds
Ordinary Resolution 5: Re-appointment     77.36%              22.64%             141,996,021    81.93%                  0.10%
of auditors
Ordinary Resolution 6: Election of TDA    100.00%             0.00%              141,996,021    81.93%                  0.10%
Ross as a member of the Audit and Risk
Committee
Ordinary Resolution 7: Election of NP     100.00%             0.00%              141,996,021    81.93%                  0.10%
Dongwana as a member of the Audit
and Risk Committee
Ordinary Resolution 8: Election of AM     76.02%              23.98%             141,996,021    81.93%                  0.10%
Thompson as a member of the Audit
and Risk Committee
Ordinary Resolution 9: Election of PCS    100.00%             0.00%              141,996,021    81.93%                  0.10%
Luthuli as a member of the Audit and
Risk Committee
Ordinary Resolution 10: Approval of the   99.36%              0.64%              141,996,021    81.93%                  0.12%
remuneration policy
Ordinary Resolution 11:                   99.94%              0.06%              141,996,021    81.93%                  0.12%
Implementation of the remuneration
policy
Special Resolution 1: General authority   97.54%              2.46%              141,996,021    81.93%                  0.10%
to acquire/repurchase shares
Special Resolution 2: Approval of non-
executive directors' fees
- Special resolution 2.1: Chairman of     94.75%              5.25%              141,996,021    81.93%                  0.10%
  the Board
- Special resolution 2.2: Board           100.00%             0.00%              141,996,021    81.93%                  0.10%
  member
- Special resolution 2.3: Chairman of     100.00%             0.00%              141,996,021    81.93%                  0.10%
  the Audit and Risk Committee
- Special resolution 2.4: Member of       100.00%             0.00%              141,996,021    81.93%                  0.10%
  the Audit and Risk Committee
- Special resolution 2.5: Chairman of     100.00%             0.00%              141,996,021    81.93%                  0.10%
  the Remuneration Committee
- Special resolution 2.6: Member of       100.00%             0.00%              141,996,021    81.93%                  0.10%
  the Remuneration and Nomination
  Committee
- Special resolution 2.7: Chairman of     100.00%             0.00%              141,996,021    81.93%                  0.10%
  the Social and Ethics Committee
- Special resolution 2.8: Member of       100.00%             0.00%              141,996,021    81.93%                  0.10%
  the Social and Ethics Committee
Special Resolution 3: Approval of         94.10%              5.90%              141,996,021    81.93%                  0.10%
financial assistance to related or inter-
related company in terms of Section 44
and 45 of the Companies Act

*Total issued share capital is 173,304,517.

The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

Sandton
7 June 2019

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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