SALUNGANO GROUP LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

SALUNGANO GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: SLG   ISIN: ZAE000306890
("Salungano Group" or "the Company")


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that, pursuant to the revised Notice of Annual General Meeting for the year ended 31 March 2023
("Notice"), all the resolutions as set out in the Notice were passed by the requisite majority of shareholders at the annual general
meeting ("AGM") of Salungano Group conducted by electronic communication today, 17 September 2024.

The resolutions proposed at the AGM, together with the percentage of votes carried for and against each resolution, as well as
the percentage of shares abstained, are set out below:

Resolution                                                                    As a         For**      Against**     Abstained***
                                                                     percentage of
                                                      Number of           ordinary
                                                       ordinary          shares in
                                                   shares voted             issue*
                                                                                 %             %              %                %
Ordinary resolution number 1:
Retirement and re-election of directors
 
Ordinary resolution number 1.1:                     352 984 105              84.06         99.94           0.06             0.04
Retirement and re-election of Dr Humphrey
Mathe

Ordinary resolution number 1.2:                     352 984 105              84.06         99.94           0.06             0.04
Retirement and re-election of Cecil
Maswanganyi

Ordinary resolution number 1.3:                     352 984 105              84.06         99.94           0.06             0.04
Retirement and re-election of Eric
Thuthukani Mzimela

Ordinary resolution number 2:
Confirmation of the appointment of directors

Ordinary resolution number 2.1:                     352 834 002              84.02         99.98           0.02             0.08
Confirmation of the appointment of
Themba Theophilus Tshikovhi

Ordinary resolution number 2.2:                     352 834 002              84.02         99.98           0.02             0.08
Confirmation of the appointment of
Sinesipho Nothemba Maninjwa

Ordinary resolution number 2.3:                     352 834 002              84.02         99.98           0.02             0.08
Confirmation of the appointment of
Mzimkulu Malunga

Ordinary resolution number 3:
Appointment of the members of the audit, 
risk and compliance committee

Ordinary resolution number 3.1:                     352 834 002              84.02         99.93           0.07             0.08
Appointment of a member and chairperson of
the audit, risk and compliance committee:
Themba Theophilus Tshikovhi

Ordinary resolution number 3.2:                     352 834 002              84.02         99.93           0.07             0.08
Appointment of a member of the audit, risk
and compliance committee: Sinesipho
Nothemba Maninjwa

Ordinary resolution number 3.3:                     352 834 002              84.02         99.93           0.07             0.08
Appointment of a member of the audit, risk
and compliance committee: Mzimkulu
Malunga

Ordinary resolution number 4:                       352 834 002              84.02         95.92           4.08             0.08
Non-binding advisory vote on the
Remuneration Policy

Ordinary resolution number 5:                       352 834 002              84.02         95.92           4.08             0.08
Non-binding advisory vote on the 
Remuneration Implementation Report

Ordinary resolution number 6:                       352 834 002              84.02         99.98           0.02             0.08
Authority to implement resolutions passed
at the AGM

Ordinary resolution number 7:                       352 834 002              84.02         95.92           4.08             0.08
Approval to issue ordinary shares, and to
sell treasury shares for cash

Ordinary resolution number 8:                       352 834 002              84.02         99.99           0.01             0.08
Appointment of SNG Grant Thornton as the
external auditors and Jeanine Nellmapius-
Clarke as the designated auditor of the
Company for the 2024 financial year

Special resolution number 1:                        352 984 105              84.06         95.96           4.04             0.04
Approval for the Company to grant inter-group
financial assistance in terms of sections 44
and 45 of the Companies Act

Special resolution number 2:                        352 834 002              84.02         96.01           3.99             0.08
General authority to repurchase or acquire the
Company's own shares

*       Based on 419 916 854 ordinary shares in issue at the date of the AGM.
**      In relation to the total number of shares voted at the annual AGM.
***     In relation to the total number of shares in issue at the date of the AGM.


Johannesburg
17 September 2024


Sponsor
Merchantec Capital

Date: 17-09-2024 02:18:00
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