ETION LIMITED - Results of annual general meeting

Results of annual general meeting

Etion Limited
Incorporated in the Republic of South Africa)
(Registration number: 1987/001222/06)
(JSE code: ETO     ISIN: ZAE000257739)
(“Etion” or “the Company”)


Results of Annual General Meeting


Shareholders are advised that, at the annual general meeting of Etion held
today, all the resolutions as set out in the notice of annual general meeting
were passed by the requisite majority of votes.

The number of shares voted in person or by proxy was 348 297 700 representing
62% of the total issued share capital of the same class of Etion.

The resolutions proposed at the meeting, together with the percentage of
shares voted or abstained as well as the percentage of votes carried for and
against each resolution are displayed below:


Ordinary Resolution 1
Re-election of Martie Jacoba Janse van Rensburg as a member of the board.

SHARES VOTED               315 453 371     55.89%
SHARES ABSTAINED           32 844 329      5.92%
VOTES FOR                  315 438 371     99.99%
VOTES AGAINST              15 000          -


Ordinary Resolution 2
Re-election of Richard Charles Willis as a member of the board.

SHARES VOTED               347 617 301     61.59%
SHARES ABSTAINED           680 399         0.12%
VOTES FOR                  330 915 945     95.20%
VOTES AGAINST              16 701 356      4.80%

Ordinary Resolution 3:
Confirmation of the appointment of Martie Jacoba Janse van Rensburg as a member
and chairperson of the audit and risk committee

SHARES VOTED               315 453 371     55.89%
SHARES ABSTAINED           32 844 329      5.81%
VOTES FOR                  315 438 371     99.99%
VOTES AGAINST              15 000          -

Ordinary Resolution 4:
Confirmation of the appointment of Coenraad Petrus Bester as a member of the
audit and risk committee .

SHARES VOTED               330 930 945     58.63%
SHARES ABSTAINED           17 366 755      3.07%
VOTES FOR                  314 229 589     94.95%
VOTES AGAINST              16 701 356      5.04%
Ordinary Resolution 5:
Appointment of Richard Charles Willis as member of the company's Audit and
Risk Committee.

SHARES VOTED               347 617 301     61.59%
SHARES ABSTAINED           680 399         0.12%
VOTES FOR                  330 915 945     95.20%
VOTES AGAINST              16 701 356      4.80%

Ordinary Resolution 6:
Re-appointment of PricewaterhouseCoopers Inc. as external auditors

SHARES VOTED               316 589 371     56.09%
SHARES ABSTAINED           31 708 329      5.62%
VOTES FOR                  315 474 961     99.65%
VOTES AGAINST              1 114 410       0.35%

Ordinary Resolution 7:
General authority to issue shares for cash.

SHARES VOTED               347 703 301     61.60%
SHARES ABSTAINED           594 399         0.10%
VOTES FOR                  314 798 087     90.54%
VOTES AGAINST              32 905 214      9.46%

Ordinary Resolution 8:
Placing of the authorised but unissued ordinary share capital under control
of Directors

SHARES VOTED               347 753 301     61.61%
SHARES ABSTAINED           544 399         0.09%
VOTES FOR                  314 616 568     90.47%
VOTES AGAINST              33 136 733      9.52%

Non-binding Advisory note 1:
Non-binding endorsement of Etion’s remuneration policy.

SHARES VOTED               316 539 371     56.08%
SHARES ABSTAINED           31 758 329      5.63%
VOTES FOR                  316 426 823     99.96%
VOTES AGAINST              112 548         0.04%

Non-binding Advisory note 2:
Non-binding endorsement of Etion’s implementation report.

SHARES VOTED               316 539 371     56.08%
SHARES ABSTAINED           31 758 329      5.63%
VOTES FOR                  316 440 323     99.97%
VOTES AGAINST              99 048          0.03%

Special Resolution 1:
Remuneration of non-executive directors.

SHARES VOTED               347 753 301     61.61%
SHARES ABSTAINED           544 399         0.9%
VOTES FOR                  325 884 701     93.71%
VOTES AGAINST              21 868 600      6.28%

Special Resolution 2:
Remuneration of non-executive directors for ad hoc board committee meetings.

SHARES VOTED               347 753 301     61.61%
SHARES ABSTAINED           544 399         0.09%
VOTES FOR                  325 880 001     93.71%
VOTES AGAINST              21 873 300      6.29%

Special Resolution 3:
Intercompany financial assistance.

SHARES VOTED               314 330 589     55.69%
SHARES ABSTAINED           33 967 111      6.02%
VOTES FOR                  314 274 541     99.98%
VOTES AGAINST              56 048          0.01%

Special Resolution 4:
Financial assistance for the subscription of shares in the Company or a related
or inter-related company.

SHARES VOTED               314 330 589     55.69%
SHARES ABSTAINED           33 967 111      6.01%
VOTES FOR                  282 840 544     89.98%
VOTES AGAINST              31 490 045      10.01%

Special Resolution 5:
Authority to repurchase shares

SHARES VOTED               347 703 301     61.60%
SHARES ABSTAINED           594 399         0.10%
VOTES FOR                  316 513 371     91.03%
VOTES AGAINST              31 189 930      8.97%



Centurion
5 October 2020

Designated Advisor
Exchange Sponsors

Date: 05-10-2020 01:04:00
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