SAFARI INVESTMENTS (RSA) LIMITED - Results of the Annual General Meeting (AGM) and Change to the Board of Directors

Results of the Annual General Meeting (“AGM”) and Change to the Board of Directors

SAFARI INVESTMENTS RSA LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2000/015002/06)
Approved as a REIT by the JSE Limited
Share code: SAR
ISIN: ZAE000188280
("Safari" or "the Company")


RESULTS OF THE ANNUAL GENERAL MEETING ("AGM") AND CHANGE TO THE BOARD
OF DIRECTORS


Results of the AGM

Shareholders are hereby advised that the AGM of the Company was held at 14:00 today,
24 October 2023, via electronic communication.

Shareholders are further advised that at the AGM, all the resolutions were passed by the requisite
majorities of the Company's shareholders.

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

Resolutions              Shares             Shares         Votes for     Votes          Shares
proposed at the AGM      voted at           voted (%) 1    resolution    against        abstained
                         AGM                               (%) 2         resolution     (%)1
                         (number)                                        (%) 2

Ordinary resolution      169 733 058        66.05%         100%          0.00%          0.02%
number 1: Re-election
of non-executive
director, Mr GJ Heron

Ordinary resolution      169 733 058        66.05%         100%          0.00%          0.02%
number 2: Re-election
of non-executive
director, Dr PA
Pienaar

Ordinary resolution      N/A                N/A            N/A           N/A            N/A
number 3: Re-election
of non-executive
director, Mr MH Muller

Ordinary resolution      169 733 058        66.05%         100%          0.00%          0.02%
number 4:
Reappointment of
Independent External
Auditor

Ordinary resolution      169 733 058        66.05%         100%          0.00%          0.02%
number 5: Re-
Appointment of Audit
and Risk Committee
Member and
Chairperson, Dr MT
Matshoba-Ramuedzisi

Ordinary resolution      169 733 058        66.05%         100%          0.00%          0.02%
number 6:
Appointment of Audit
and Risk Committee
Member, Mr GJ Heron


Ordinary resolution      169 733 058        66.05%         100%          0.00%         0.02%
number 7: Re-
appointment of Audit
and Risk Committee
Member, Dr PA
Pienaar

Ordinary resolution      169 733 058        66.05%         100%          0.00%         0.02%
number 8: Placing the
authorised but
unissued ordinary
shares under the
control of the Directors

Ordinary resolution      169 733 058        66.05%         100%          0.00%         0.02%
number 9: Non-
binding advisory vote
on the Company's
Remuneration Policy

Ordinary resolution      169 733 058        66.05%         100%          0.00%         0.02%
number 10: Non-
binding advisory vote
on the Implementation
Report of the
Company's
Remuneration Policy

Ordinary resolution      169 733 058        66.05%         100%          0.00%         0.02%
number 11: General
authority to issue
authorised but
unissued ordinary
shares for cash

Special resolution       169 733 058        66.05%         100%          0.00%         0.02%
number 1: General
authority to repurchase
shares

Special resolution       169 733 058        66.05%         100%          0.00%         0.02%
number 2: Approval to
provide financial
assistance in terms of
section 45 of the
Companies Act

Special resolution       169 733 058        66.05%         100%          0.00%         0.02%
number 3: Approval of
financial assistance in
terms of section 44 of
the Companies Act

Note:
1. As a percentage of the total number of shares in issue as at the date of the AGM (excluding
   treasury shares).
2. As a percentage of the total number of shares voted at the AGM.
3. The total number of shares in issue as at the date of the AGM were 257 826 016 ordinary
   shares of which 853 070 were treasury shares. Accordingly, the total votable shares were 256
   972 946 ordinary shares.
4. Ordinary resolution number 3 has been withdrawn as Mr Marius Muller did not make himself
   available for re-election as a director.

Change to Board of Directors

In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited and as a
result of ordinary resolution number 3 being withdrawn, shareholders are hereby advised that Mr
Marius Muller is no longer an independent non-executive director of the Company ("Board"), with
effect from today, 24 October 2023.

The Board thanks Mr Marius Muller for his contributions to Safari during his tenure of service and
wishes him well in his future endeavours.


24 October 2023
Pretoria

Sponsor
Valeo Capital (Pty) Limited

Date: 24-10-2023 04:56:00
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