BLUE LABEL TELECOMS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
Share code: BLU ISIN: ZAE000109088
("Blue Label")

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised of the results of Blue Label's Annual General Meeting of shareholders held entirely via
electronic communication at 10:00 on Thursday, 28 November 2024. The resolutions proposed at the meeting,
together with the percentage of shares abstained, as well as the percentage of votes carried for and against each
resolution, are set out below:

 -   Total number of shares that could be exercised at the meeting (shares in            100%        913 655 873
     issue)*

 -   Total number of shares present/, represented including proxies at the                84%        768 043 027
     meeting as % of votable shares #

 -   Total number of shares present/, represented including proxies at the                84%        768 043 027
     meeting as % of issued shares

 -   Total number of members present in person                                                                57

 Issued Shares                                                                           100%        913 655 873
                                                                         
                                                          
                                                                                    % of shares       % of shares
                                    % of votes                                    voted (as a %     abstained (as   
                                   carried for     % of votes                          of total      a % of total
                                           the    against the        Number of           issued            issued
 Resolution                       resolution #   resolution #     shares voted         shares*)          shares*)

 Ordinary resolution number 1:          98.90%          1.10%      767,935,954           84.05%             0.01%
 Re-election of Mr MS Levy as
 a Director of the Company

 Ordinary resolution number 2:          99.97%          0.03%      767,935,954           84.05%             0.01%
 Re-election of Mr DA Suntup
 as a Director of the Company

 Ordinary resolution number 3:          65.57%         34.43%      767,935,954           84.05%             0.01%
 Re-election of Mr SJ Vilakazi
 as a Director of the Company

 Ordinary resolution number 4:          99.99%          0.01%      689,252,969           75.44%             8.62%
 Reappointment of external
 auditor

 Ordinary resolution number 5:          99.99%          0.01%      767,935,954           84.05%             0.01%
 Election of Ms NP Mnxasana
 as a member of the Audit, Risk
 and Compliance Committee

 Ordinary resolution number 6:          81.12%         18.88%      767,935,954           84.05%             0.01%
 Election of Mr JS Mthimunye
 as a member and Chairman of
 the Audit, Risk and
 Compliance Committee

 Ordinary resolution number 7:          99.99%          0.01%      767,935,954           84.05%             0.01%
 Election of Ms LE Mthimunye
 as a member of the Audit, Risk
 and Compliance Committee

 Ordinary resolution number 8:          65.44%         34.56%      767,935,954           84.05%             0.01%
 Election of Mr SJ Vilakazi as a
 member of the Audit, Risk and
 Compliance Committee

 Ordinary resolution number 9:          58.03%         41.97%      767,935,954           84.05%             0.01%
 Non-binding advisory
 endorsement of the
 remuneration and reward
 policy

 Ordinary resolution number 10:         58.03%         41.97%      767,935,954           84.05%             0.01%
 Non-binding advisory
 endorsement of the
 remuneration implementation
 report

 Ordinary resolution number 11:         99.99%          0.01%      767,935,954           84.05%             0.01%
 Directors' authority to
 implement ordinary and
 special resolutions

 Special resolution number 1:           87.49%         12.51%      767,935,954           84.05%             0.01%
 Non-Executive Directors'
 remuneration

 Special resolution number 2:           99.72%          0.28%      767,935,954           84.05%             0.01%
 General authority to
 repurchase shares

 Special resolution number 3:           97.76%          2.24%      767,935,954           84.05%             0.01%
 Financial assistance in terms
 of sections 44 and 45 of the
 Act


Given that a 75% majority of votes was not achieved in respect of Non-binding Advisory Resolutions, namely ordinary
resolutions 9 and 10, shareholders are further invited to engage the Company by forwarding written submissions on
the Remuneration Policy and Remuneration Implementation Report to the Group Company Secretary by email at
janinev@blts.co.za by the close of business on 1 December 2024.


28 November 2024

Sponsor: Investec Bank Limited

Date: 28-11-2024 04:30:00
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