LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Report on proceedings at the annual general meeting

Report on proceedings at the annual general meeting

LIFE HEALTHCARE GROUP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2003/002733/06)
ISIN: ZAE000145892
Share Code: LHC
(“Life Healthcare” or “the Company”)

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

At the 15th annual general meeting (“AGM” or “the meeting”) of the shareholders of Life Healthcare held on 29 January
2020 all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
In this regard, Life Healthcare confirms the voting statistics from the AGM as follows:

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

Ordinary Resolution 1: Appointment of                97.82%    2.18%         1,165,523,508    79.43%        0.004%
independent external auditors
Ordinary Resolution 2.1: Re-election of director -   99.69%    0.31%         1,165,523,508    79.43%        0.004%
M Jacobs
Ordinary Resolution 2.2: Re-election of director -   94.77%    5.23%         1,165,523,508    79.43%        0.004%
R Vice
Ordinary Resolution 2.3: Re-election of director -   99.72%    0.28%         1,165,523,508    79.43%        0.004%
P van der Westhuizen
Ordinary Resolution 3.1: Re-election of audit        98.53%    1.47%         1,165,523,508    79.43%        0.004%
committee member - PJ Golesworthy (Chairman)
Ordinary Resolution 3.2: Re-election of audit        97.62%    2.38%         1,165,503,982    79.43%        0.004%
committee member - AM Mothupi
Ordinary Resolution 3.3: Re-election of audit        89.14%    10.86%        1,165,523,508    79.43%        0.004%
committee member - GC Solomon
Ordinary Resolution 3.4: Re-election of audit        99.65%    0.35%         1,165,523,508    79.43%        0.004%
committee member - RT Vice (subject to re-
election as per 2.2)
Ordinary Resolution 4.1: Endorsement of the          70.14%    29.86%        1,161,780,609    79.18%        0.259%
group’s remuneration policy
Ordinary Resolution 4.2: Endorsement of the          66.74%    33.26%        1,161,780,609    79.18%        0.259%
group’s remuneration implementation report
Ordinary Resolution 5: Authority to sign             99.89%    0.11%         1,164,417,193    79.36%        0.079%
documents to give effect to resolutions
Special Resolution 1: Approval of non-executive      94.66%    5.34%         1,165,523,508    79.43%        0.004%
directors’ remuneration
Special Resolution 2: Authority to provide           95.85%    4.15%         1,165,456,901    79.43%        0.008%
financial assistance
Special Resolution 3: General authority to           99.96%    0.04%         1,163,196,066    79.27%        0.162%
repurchase Company shares

As a result of more than 25% of the votes cast against ordinary resolution number 4.1 and number 4.2, and in accordance
with the King IV Report on Corporate Governance for South Africa, 2016 and paragraph 3.84(j) of the Listings Requirements
of the JSE Limited, the Company will invite dissenting shareholders who voted against ordinary resolution number 4.1 and
number 4.2 to engage with the Company regarding their views on Life Healthcare's remuneration policy.

A date and time for this engagement will be communicated to shareholders in due course. In the interim, shareholders
may forward their concerns/ questions regarding Life Healthcare's remuneration policy to the Company Secretary via
email at avanthip@life.co.za.

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

Illovo
30 January 2020

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

Date: 30-01-2020 03:00:00
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