RCL FOODS LIMITED - Report on proceedings at the Annual General Meeting

Report on proceedings at the Annual General Meeting

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL
("RCL FOODS")

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

At the 58th Annual General Meeting ("AGM") of the shareholders of RCL FOODS held today, 14 November 2024,
all the ordinary and special resolutions proposed at the AGM were approved by the requisite number of
votes. In this regard, RCL FOODS confirms the voting statistics from the AGM as follows:

                                      Votes cast disclosed as   Number of         Shares voted     Shares
                                      a percentage in           shares voted      disclosed as a   abstained
                                      relation to the total                       percentage in    disclosed as a
                                      number of shares voted                      relation to      percentage in
Resolutions                           at the meeting                              the total        relation to
                                                                                  issued shares*   the total
                                                                                  (%)              issued shares*
                                      For          Against                                         (%)
                                      (%)          (%)                                             
Ordinary Resolutions
1.  Re-election and confirmation of appointment of directors
1.1 Mr PD Cruickshank                 100.00000    0.00000      861 095 874       96.39280         0.12747
1.2 Mr DTV Msibi                      99.94780     0.05220      862 227 068       96.51943         0.00084
1.3 Mr RM Rushton                     100.0000     0.00000      862 227 068       96.51943         0.00084
1.4 Mr CPF Vosloo                     99.97472     0.02528      862 227 068       96.51943         0.00084
1.5 Ms L Zingitwa                     99.97472     0.02528      862 227 068       96.51943         0.00084
2.  Appointment of external auditors 100.00000     0.00000      862 227 068       96.51943         0.00084
3.  Election of members of the Audit Committee
3.1 Ms GP Dingaan                     99.97472     0.02528      862 227 068       96.51943         0.00084
3.2 Mr DTV Msibi                      99.78486     0.21514      862 227 068       96.51943         0.00084
3.3 Mr GC Zondi                       92.37601     7.62399      862 227 068       96.51943         0.00084
4. Election of members of the Social and Ethics Committee
4.1 Mr PD Cruickshank                 100.00000    0.00000      861 095 874       96.39280         0.12747
4.2 Ms GP Dingaan                     99.97472     0.02528      862 227 068       96.51943         0.00084
4.3 Dr PM Moumakwa                    99.97330     0.02670      862 227 068       96.51943         0.00084
4.4 Mr GC Zondi                       94.71582     5.28418      862 227 068       96.51943         0.00084
5.  General authority to place 10%    92.31486     7.68513      862 225 163       96.51921         0.00105
    of the unissued ordinary shares
    under the control of the
    directors
6.  Enabling resolution               100.00000    0.00000      862 225 163       96.51921         0.00105
7.  Non-binding advisory vote in      99.82082     0.17918      862 225 163       96.51921         0.00105
    respect of the Remuneration
    Policy
8.  Non-binding advisory vote in      97.38289     2.61711      862 225 163       96.51921         0.00105
    respect of the Remuneration
    Implementation Report
Special Resolutions
1.  Financial assistance in terms of  94.30639     5.69361      862 225 163       96.51921         0.00105
    section 44 of the Companies Act
2.  Financial assistance in terms of  91.05175     8.94825      862 225 163       96.51921         0.00105
    section 45 of the Companies Act
3.  Approval of non-executive         96.07048     3.92952      862 225 163       96.51921         0.00105
    directors' remuneration
4.  General authority to repurchase   99.89977     0.10023      862 227 068       96.51943         0.00105
    shares
    
Total issued share capital is 893,319,722 shares.

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

Westville
14 November 2024

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

Date: 14-11-2024 04:37:00
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