MASTER DRILLING GROUP LIMITED - Integrated Annual Report, Notice of Annual General Meeting and B-BBEE Annual Compliance Report

Integrated Annual Report, Notice of Annual General Meeting and B-BBEE Annual Compliance Report

Master Drilling Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2011/008265/06)
JSE share code: MDI
ISIN: ZAE000171948
("Master Drilling" or "the Company" or "the Group")

INTEGRATED ANNUAL REPORT, NOTICE OF ANNUAL GENERAL MEETING AND B-BBEE ANNUAL COMPLIANCE REPORT

1.    Integrated Annual Report

      Master Drilling shareholders are advised that the integrated annual report of the Company for the
      year ended 31 December 2023 ("integrated annual report"), which incorporates the audited
      summarised consolidated annual financial statements and the notice of the annual general
      meeting, will be distributed to Master Drilling shareholders today, 30 April 2024. The integrated
      annual report and the full set of the audited Group annual financial statements are also available
      on the Company's website (www.masterdrilling.com).
      The annual financial statements are audited by BDO South Africa Incorporated whose unqualified
      audit report is contained in the integrated annual report and is also available on
      www.masterdrilling.com.

2.    Notice of Annual General Meeting

      Notice is hereby given that the twelfth annual general meeting of Master Drilling ("the AGM") will
      be held (subject to any adjournment, postponement or cancellation thereof) at the BDO offices,
      Wanderers Office Park, 52 Corlett Drive, Illovo, Johannesburg on Monday, 10 June 2024 at
      09h00 to transact the business as stated in the AGM notice contained in the integrated annual
      report, including to consider and, if deemed fit, pass, with or without modification, the resolutions
      as set out therein.
      As allowed by the Companies Act and the Company's Memorandum of Incorporation, Master
      Drilling intends to offer shareholders reasonable access, through electronic facilities, to
      participate in the AGM by means of a conference call facility in the manner provided for in the
      notice of the AGM included in the integrated annual report. Voting will however not be possible
      via the electronic facility and shareholders wishing to exercise their voting rights at the AGM are
      required to be represented at the meeting either in person, by proxy or by letter of representation
      as provided for in the notice of AGM.

3.    Record dates, voting and proxies

      The board of directors of the Company has determined, in accordance with sections 59(1) (a)
      and (b) of the Companies Act, that:

          -   the record date for the purposes of receiving notice of the AGM (being the date on which
              a shareholder must be registered in the Company's register of shareholders in order to
              receive notice of the AGM), shall be the close of business on Friday, 19 April 2024 (Notice
              Record Date);

          -   the record date for the purposes of participating in and voting at the AGM (being the date
              on which a shareholder must be registered in the Company's register of shareholders in
                order to participate in and vote at the AGM), shall be the close of business on Friday, 31
                May 2024 (Voting Record Date);

          -     the last day to trade for purposes of participating in and voting at the AGM shall be the
                close of business on Monday, 27 May 2024; and

          -     the date by which forms of proxy for the AGM are requested to be lodged is, for
                administrative purposes, 09h00 on Friday, 7 June 2024. Any forms of proxy not lodged
                by this date must be submitted to the Chairman of the AGM immediately prior to the
                commencement of the meeting. The Chairman may reject or accept any form of proxy
                which is completed and/or received otherwise than in accordance with the proxy notes,
                provided that he is satisfied as to the manner in which the shareholder concerned
                wishes to vote.


4.    Broad Based Black Economic Empowerment Act (the "B-BBEE Act"): Annual Compliance Report

      In compliance with paragraph 16.21 (g) and Appendix 1 to Section 11 of the JSE Listings
      Requirements, notice is hereby given that the Company's annual compliance report in terms of
      section 13G (2) of the B-BBEE Act has been published and is available on the Company's
      website at www.masterdrilling.com.


Fochville
30 April 2024

Sponsor
Investec Bank Limited

Date: 30-04-2024 01:00:00
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