ADVTECH LIMITED - Results of the annual general meeting

Results of the annual general meeting

 ADvTECH Limited
 (Incorporated in the Republic of South Africa)
 (Registration number 1990/001119/06)
 Share code: ADH        ISIN: ZAE000031035
 (“ADvTECH” or “the Company”)


RESULTS OF THE ANNUAL GENERAL MEETING

In terms of section 3.91 of the JSE Listings Requirements, shareholders are hereby advised that at the
annual general meeting (“AGM”) of shareholders of the Company held today, Thursday 26 May 2022,
all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting
contained in the Integrated Annual Report, save for the withdrawal of ordinary resolutions 5 and 8, were
approved by the requisite majority of shareholders present or represented by proxy.

Details of the results of voting at the annual general meeting are as follows:

 Ordinary shares:

 Total number of issued ordinary shares:                                 554 459 991

 Total number of issued ordinary shares net of                           554 459 991
 treasury shares:

 Total Votable Ordinary Shares                                           554 459 991




The meeting was attended by shareholders representing 448 705 218 ADvTECH shares which
amounted to 80.93% of the total ordinary issued share capital of ADvTECH, voting in person or by proxy.

The resolutions proposed at the AGM, together with the percentage of shares abstained (as a
percentage of total issued share capital of the Company), as well as the percentage of votes carried for
and against each resolution (as a percentage of shares voted), are as follows:

 1.         Ordinary resolution number 1: Adoption of the annual financial statements

        FOR                               AGAINST                          ABSTAIN
        448 267 511                       1 221                            436 486
        100%                              0.00%                            0.08%


 2.        Ordinary resolution number 2: Confirmation of appointment of Ms SS Lazar

        FOR                               AGAINST                          ABSTAIN
        448 306 961                       4 129                            394 128
      100%                          0.00%                            0.07%



3.    Ordinary resolution number 3: Re-election of Mr KDM Warburton

      FOR                           AGAINST                          ABSTAIN
      447 728 476                   582 614                          394 128
      99.87%                        0.13%                            0.07%



4.    Ordinary resolution number 4: Re-election of Dr JS Chimhanzi

      FOR                           AGAINST                          ABSTAIN
      445 951 172                   2 359 918                        394 128
      99.47%                        0.53%                            0.07%



5.    Ordinary resolution number 5: Resolution withdrawn


6.    Ordinary resolution number 6: Election of Mr KDM Warburton as member and chairman of the
      Audit and Risk Committee

      FOR                           AGAINST                          ABSTAIN
      445 395 287                   2 915 803                        394 128
      99.35%                        0.65%                            0.07%



7.    Ordinary resolution number 7: Election of Dr JS Chimhanzi as member of the Audit and Risk
      Committee

      FOR                           AGAINST                          ABSTAIN
      435 726 428                   12 584 662                       394 128
      97.19%                        2.81%                            0.07%



8.    Ordinary resolution number 8: Resolution withdrawn


9.    Ordinary resolution number 9: Election of Mr CB Thomson as member of the Audit and Risk
      Committee

      FOR                           AGAINST                          ABSTAIN
      447 739 276                   571 814                          394 128
      99.87%                        0.13%                            0.07%



10.    Ordinary resolution number 10: Appointment of external auditors
      FOR                             AGAINST                          ABSTAIN
      448 313 391                     4 129                            387 698
      100%                            0.00%                            0.07%



11.    Ordinary resolution number 11: General authority to issue shares for cash

      FOR                             AGAINST                          ABSTAIN
      415 353 843                     32 972 477                       378 898
      92.65%                          7.35%                            0.07%



12.    Ordinary resolution number 12: Signature of documents

      FOR                             AGAINST                          ABSTAIN
      448 336 079                     1 221                            367 918
      100%                            0.00%                            0.07%



13.    Non-binding advisory vote number 1 – Remuneration policy

      FOR                             AGAINST                          ABSTAIN
      364 501 736                     83 835 564                       367 918
      81.30%                          18.70%                           0.07%



14.    Non-binding advisory vote number 2 – Implementation report

      FOR                             AGAINST                          ABSTAIN
      364 515 636                     83 810 664                       378 918
      81.31%                          18.69%                           0.07%



15.    Special resolution number 1: Approval of non-executive directors’ fees

      FOR                             AGAINST                          ABSTAIN
      443 140 869                     5 196 431                        367 918
      98.84%                          1.16%                            0.07%



16.   Special resolution number 2: Authority to give loans or financial assistance to subsidiaries and
      related or inter-related companies

      FOR                             AGAINST                          ABSTAIN
      448 307 839                     22 112                           375 267
       100%                            0.0%                            0.07%



17.       Special resolution number 3: General authority to acquire the company’s own shares

       FOR                             AGAINST                         ABSTAIN
       429 509 232                     18 820 719                      375 267
       95.80%                          4.20%                           0.07%




Various questions were raised during the meeting pertaining to the performance of the business to
which Management reported that the business is performing well and in line with expectations.


26 May 2022
Sandton
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 26-05-2022 02:00:00
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