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Results of the Annual General Meeting held on 2 September 2025
BURSTONE GROUP LIMITED
Approved as a REIT by the JSE
Incorporated in the Republic of South Africa
Registration number: 2008/011366/06
Share code: BTN
Bond code: BTNI
ISIN: ZAE000180915
("Burstone")
Results of the Annual General Meeting held on 2 September 2025
Shareholders are advised that at the 2025 Annual General Meeting (AGM) of Burstone held in person and by
electronic participation on 2 September 2025, all the resolutions set out in the notice and proposed at the meeting
were passed, without modification, by the requisite majority of shareholders.
The resolutions were voted on as follows:
% of issued Number
share capital
Total number of shares present/represented including proxies at 74% 596 633 776
the meeting
Resolution Votes in favour Votes against Abstentions*
1 Ordinary resolution number 1:
To re-elect Moses M. Ngoasheng 561 500 452 33 310 005 1 823 319
as a director of the Company 94.40% 5.60% 0.23%
2 Ordinary resolution number 2:
To re-elect Philip A. Hourquebie as 561 836 392 32 974 065 1 823 319
a director of the Company 94.46% 5.54% 0.23%
3 Ordinary resolution number 3: 594 808 726 1 731 1 823 319
To re-elect Rex G Tomlinson as a 100.00% 0.00% 0.23%
director of the Company
4 Ordinary resolution number 4:
To elect Disebo C Moephuli as a 594 808 726 1 731 1 823 319
member of the Audit and Risk 100.00% 0.00% 0.23%
Committee
5 Ordinary resolution number 5:
To elect Rex G Tomlinson as a 594 808 726 1 731 1 823 319
member of the Audit and Risk 100.00% 0.00% 0.23%
Committee
6 Ordinary resolution number 6: 594 808 726 1 731 1 823 319
To elect Paul A Theodosiou as a 100.00% 0.00% 0.23%
member of the Audit and Risk
Committee
7 Ordinary resolution number 7: 594 808 726 1 731 1 823 319
To elect Vuyisa Nkonyeni as a 100.00% 0.00% 0.23%
member of the Audit and Risk
Committee
8 Ordinary resolution number 8:
To elect Raisibe K Morathi as a 594 340 989 469 468 1 823 319
member of the Audit and Risk 99.92% 0.08% 0.23%
Committee
9 Ordinary resolution number 9:
To elect Moses M Ngoasheng as a 561 685 644 33 124 813 1 823 319
member of the Social and Ethics 94.43% 5.57% 0.23%
Committee
10 Ordinary resolution number 10:
To elect Rex G Tomlinson as a 594 808 726 1 731 1 823 319
member of the Social and Ethics 100.00% 0.00% 0.23%
Committee
11 Ordinary resolution number 11:
To elect Disebo C Moephuli as a 594 808 726 1 731 1 823 319
member of the Social and Ethics 100.00% 0.00% 0.23%
Committee
12 Ordinary resolution number 12:
To ratify the appointment of Myles 594 808 726 1 731 1 823 319
Kritzinger as an executive director 100.00% 0.00% 0.23%
of the Company
13 Ordinary resolution number 13:
To reappoint
PricewaterhouseCoopers Inc. as 594 808 726 1 731 1 823 319
designated auditor of the Company 100.00% 0.00% 0.23%
for the year until such time as the
conclusion of the next AGM of the
Company
14 Ordinary resolution number 14:
To provide the directors or the 594 808 726 1 731 1 823 319
company secretary with the 100.00% 0.00% 0.23%
authority to take action in respect of
the resolutions approved by
shareholders
15 Ordinary resolution number 15:
Directors' authority to issue shares 594 418 979 391 222 1 823 575
specifically in relation to a Dividend 99.93% 0.07% 0.23%
Reinvestment Plan
16 Ordinary resolution number 16:
Authorising the directors to allot 418 697 547 176 112 654 1 823 575
and issue 80 491 844 of the 70.39% 29.61% 0.23%
authorised but unissued shares
(10% of shares in issue)
17 Ordinary resolution number 17:
Non-binding advisory vote on the 528 429 837 66 380 364 1 823 575
Remuneration Policy of the 88.84% 11.16% 0.23%
Company
18 Ordinary resolution number 18:
Non-binding advisory vote on the 555 136 495 39 673 706 1 823 575
implementation of the 93.33% 6.67% 0.23%
Remuneration Policy of the
Company
19 Special resolution number 1:
To provide the directors with 545 560 490 49 249 711 1 823 575
general authority to allot and issue 91.72% 8.28% 0.23%
40 245 922 of the authorised but
unissued shares (5.00% of shares
in issue) for cash
20 Special resolution number 2: 554 594 203 40 215 998 1 823 575
To provide the directors with 93.24% 6.76% 0.23%
general authority to acquire shares
21 Special resolution number 3: 563 622 303 31 187 898 1 823 575
Non-executive director's 94.76% 5.24% 0.23%
remuneration
22 Special resolution number 4:
Financial assistance to subsidiaries 594 328 470 481 731 1 823 575
and other related and interrelated 99.92% 0.08% 0.23%
entities
* in relation to the issued share capital
The special resolutions, to the extent required, will be submitted for filing with the Companies and
Intellectual Property Commission in due course.
Johannesburg
2 September 2025
Sponsor: Investec Bank Limited
Date: 02-09-2025 04:41:00
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