Report on proceedings at the Annual General Meeting SABVEST CAPITAL LIMITED (Incorporated in South Africa) (Registration number 2020/030059/06) JSE share code: SBP ZAE000283511 (“Sabcap”) REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING Shareholders are advised that, at the annual general meeting (“AGM” or “the meeting”) of the shareholders of Sabcap held electronically today, 24 May 2021, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The following information is provided in compliance with the JSE Listings Requirements: Total number of Sabcap shares in issue 41 000 000 Total number of votes exercisable by the ordinary shares (“Ord shares”) 40 380 000 Total number of votes exercisable by the Z share (“Z share”)* 42 176 910 Total number of votes exercisable at the meeting 82 556 910 *The Z share is entitled to exercise votes equal to 104.45% of the voting rights of all the issued Ord shares on a poll. Details of voting results: Votes cast disclosed as a percentage in relation Shares abstained to the total number of votes held by shares disclosed as a Votes held by voted at the meeting percentage in shares voted as a relation to the total percentage in issued shares Number of votes held relation to the by shares voted per total votes of all Resolutions For Against resolution issued shares Ordinary Resolutions 1 – Re-election of director – Ms O Ighodaro 95.36% Ord shares 4.64% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 2 – Re-election of director – Mr K Pillay 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 3 – Re-election of director – Mr BJT 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares Shongwe 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 4 – Re-election of director – Ms L 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares Mthimunye 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 5 – Re-election of director – Mr CS 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares Seabrooke 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 6 – Re-election of director – Mr R Pleaner 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 7 – Re-election of director – Mr L Rood 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 8 – Re-appointment of independent 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares external auditors 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 9 – Election of Audit Committee member – 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares Ms L Mthimunye 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 10 – Election of Audit Committee member 95.36% Ord shares 4.64% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares – Ms O Ighodaro 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 11 – Election of Audit Committee member 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares – Mr BJT Shongwe 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 12 – Non-binding advisory vote on 2020 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares Remuneration Policy 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 13 – Non-binding advisory vote on 2021 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares changes to the Remuneration Policy 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 14 – Non-binding advisory vote on 2020 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares Remuneration Implementation Report 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 15 – Approval of Revised Investment Policy 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 16 – Placing 5% of the unissued ordinary 95.36% Ord shares 4.64% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares shares under the control of the directors 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share and general authority to allot and issue 17 – Authority to sign all documents 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares required 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share Special Resolutions 1 – Approval of proposed non-executive 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares directors’ remuneration for the year 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share ending 31 December 2021 2 – Authority to provide financial assistance 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares in terms of Section 45 of the Companies Act 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share to any group company 3 – Authority to provide financial assistance 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares in terms of section 44 of the Companies Act 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share 4 – General authority to repurchase shares 100% Ord shares 0% Ord shares 0.41% Ord shares 20 717 364 Ord shares 25.09% Ord shares 100% Z share 0% Z share 0% Z share 42 176 910 Z share 51.09% Z share The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. Sandhurst 24 May 2021 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24-05-2021 03:35:00 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.