Results of annual general meeting ASTRAL FOODS LIMITED “Astral Foods” or the “Company” (Reg. No. 1978/003194/06) (Incorporated in the Republic of South Africa) Share Code: ARL ISIN Code: ZAE000029757 RESULTS OF ANNUAL GENERAL MEETING The annual general meeting of Astral Foods (“AGM”) was held via electronic participation on Thursday, 4 February 2021. The detailed results of the voting are as follows: Resolution Number of Percentage For** Against** Abstained shares voted of shares in % % *** issue* % % 1. Ordinary resolution number 1: 31 499 683 73.39 100.00 0.00 0.55 Consideration and adoption of Annual Financial Statements 2. Ordinary resolution number 2: Re-election of directors 2.1. Mr DJ Fouché 31 710 115 73.88 95.22 4.78 0.06 2.2. Mr S Mayet 31 710 115 73.88 98.55 1.45 0.06 3. Ordinary resolution number 3: Reappointment of members of the Audit and Risk Management Committee 3.1. Mr DJ Fouché 31 710 115 73.88 98.42 1.58 0.06 3.2. Mr S Mayet 31 710 115 73.88 100.00 0.00 0.06 3.3. Mrs TM Shabangu 31 710 115 73.88 99.97 0.03 0.06 4. Ordinary resolution number 4: Reappointment of members of the Social and Ethics Committee 4.1. Mrs TM Shabangu 31 711 765 73.88 99.97 0.03 0.06 4.2. Dr T Eloff 31 711 241 73.88 97.04 2.96 0.06 4.3. Mr GD Arnold 31 711 765 73.88 98.30 1.70 0.06 4.4. Mr LW Hansen 31 711 241 73.88 99.30 0.70 0.06 5. Ordinary resolution number 5: 31 710 115 73.88 61.13 38.87 0.06 Appointment of the Independent Auditor 6. Ordinary resolution number 6: 31 710 050 73.88 99.99 0.01 0.06 Authority for determination of Auditor’s remuneration 7. Ordinary resolution number 7: 31 709 098 73.88 61.75 38.25 0.07 Approval of the Remuneration Policy 8. Ordinary resolution number 8: 31 055 644 72.35 42.00 58.00 1.59 Approval of the implementation of the Remuneration Policy 9. Ordinary resolution number 9: 31 710 480 73.88 100.00 0.00 0.06 Signature of documentation 10. Special resolution number 1: 31 707 477 73.87 99.06 0.94 0.07 Fees payable to Non-executive Directors 11. Special resolution number 2: 31 709 896 73.88 96.65 3.35 0.06 Authority to provide financial assistance to related and inter- related companies 12. Special resolution number 3: 31 710 270 73.88 99.99 0.01 0.06 General authority to repurchase shares in the Company * Based on 42 922 235 shares in issue as at the date of the AGM. ** In relation to the total number of shares voted at the AGM. *** In relation to the total number of shares in issue as at the date of the AGM. Based on the above voting results, all resolutions were passed by the requisite majority of Astral Foods’ shareholders present in person or represented by proxy at the AGM. Shareholders are further advised that due to ordinary resolutions number 7 and 8 relating to the non-binding advisory votes on the remuneration policy and the implementation of the remuneration policy being voted against by more than 25% of Astral Foods shareholders represented at the AGM. The Board of the Company hereby issues an invitation to the shareholders who voted against the approval of the Remuneration Policy and the implementation of the Remuneration Policy to engage with the Company by submitting written questions/comments to the Company Secretary via e-mail at: leonie.marupen@astralfoods.com by or before 11:00 on Tuesday, 23 February 2021. The Board requests that dissenting shareholders briefly outline which aspects of the Company's Remuneration Policy and implementation thereof that need to be reviewed. The Board undertakes to revert to dissenting shareholders who have submitted questions/comments. Pretoria 4 February 2021 Sponsor Nedbank Corporate and Investment Banking Date: 04-02-2021 01:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.