AECI Limited - Report on proceedings at the Annual General Meeting

AECI LIMITED (Incorporated in the Republic of South Africa) Registration number: 1924/002590/06 Share code: AFE ISIN: ZAE000000220 Hybrid code: AFEP ISIN: ZAE000000238 Bond company code: AECI LEI: 3789008641F1D3D90E85 (AECI) REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING At the 101st Annual General Meeting of the shareholders of AECI (AGM) held on Tuesday, 27 May 2025, all of the ordinary and special resolutions proposed thereat were approved by the requisite majority of votes. In this regard, AECI confirms the voting statistics from the AGM as follows: +---------------+-------+------+----------+-------------+-----------+ |Resolution |Votes |Number of |Percentage of|Abstentions| | |cast |shares |shares voted | | | | |voted | | | +---------------+-------+------+----------+-------------+-----------+ |For |Against| +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.47% |0.53% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |1: | | | | | | | | | | | | | |Re-appointment | | | | | | |of the | | | | | | |independent | | | | | | |external | | | | | | |auditor and | | | | | | |appointment of | | | | | | |designated | | | | | | |individual | | | | | | |audit partner | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.88% |0.12% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |2.1: | | | | | | | | | | | | | |Re-election of | | | | | | |non-executive | | | | | | |director - Mr | | | | | | |WH Dissinger | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.88% |0.12% |97 693 339|92.58% |2.02% | |resolution No. | | | | | | |2.2: | | | | | | | | | | | | | |Re-election of | | | | | | |non-executive | | | | | | |director - Ms | | | | | | |FFT Dludlu | | | | | | |(DeBuck) | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.88% |0.12% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |2.3: | | | | | | | | | | | | | |Re-election of | | | | | | |non-executive | | | | | | |director - Ms | | | | | | |AM Roets | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.69% |0.31% |95 650 963|90.65% |3.96% | |resolution No. | | | | | | |2.4: | | | | | | | | | | | | | |Re-election of | | | | | | |non-executive | | | | | | |director - Ms | | | | | | |PG Sibiya | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.76% |0.24% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |3: | | | | | | | | | | | | | |Re-election of | | | | | | |executive | | | | | | |director - Mr | | | | | | |H Riemensperger| | | | | | | | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.89% |0.11% |97 693 339|92.58% |2.02% | |resolution No. | | | | | | |4.1: | | | | | | | | | | | | | |Election of | | | | | | |non-executive | | | | | | |director - Ms | | | | | | |NT Moholi | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.89% |0.11% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |4.2: | | | | | | | | | | | | | |Election of | | | | | | |non-executive | | | | | | |director - Mr | | | | | | |J Ndlovu | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.49% |0.51% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |4.3: | | | | | | | | | | | | | |Election of | | | | | | |non-executive | | | | | | |director - Mr | | | | | | |B Mawasha | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.88% |0.12% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |5.1: | | | | | | | | | | | | | |Election of | | | | | | |Audit | | | | | | |Committee | | | | | | |member - Ms AM | | | | | | |Roets | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.43% |0.57% |94 997 768|90.03% |4.58% | |resolution No. | | | | | | |5.2: | | | | | | | | | | | | | |Election of | | | | | | |Audit | | | | | | |Committee | | | | | | |member - Ms | | | | | | |FFT Dludlu | | | | | | |(DeBuck) | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.66% |0.34% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |5.3: | | | | | | | | | | | | | |Election of | | | | | | |Audit | | | | | | |Committee | | | | | | |member - Mr WH | | | | | | |Dissinger | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.88% |0.12% |97 040 144|91.97% |2.64% | |resolution No. | | | | | | |6.1: | | | | | | | | | | | | | |Election of | | | | | | |Social, Ethics | | | | | | |& Sustainabilit| | | | | | |y Committee | | | | | | |member - Ms | | | | | | |FFT Dludlu | | | | | | |(DeBuck) | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.89% |0.11% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |6.2: | | | | | | | | | | | | | |Election of | | | | | | |Social, Ethics | | | | | | |& Sustainabilit| | | | | | |y Committee | | | | | | |member - Ms PM | | | | | | |O'Brien | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.76% |0.24% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |6.3: | | | | | | | | | | | | | |Election of | | | | | | |Social, Ethics | | | | | | |& Sustainabilit| | | | | | |y Committee | | | | | | |member - Mr B | | | | | | |Mawasha | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |99.69% |0.31% |94 997 768|90.03% |4.58% | |resolution No. | | | | | | |6.4: | | | | | | | | | | | | | |Election of | | | | | | |Social, Ethics | | | | | | |& Sustainabilit| | | | | | |y Committee | | | | | | |member - Ms PG | | | | | | |Sibiya | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |85.08% |14.92%|99 636 877|94.43% |0.18% | |resolution No. | | | | | | |7.1: | | | | | | | | | | | | | |Non-binding | | | | | | |advisory | | | | | | |resolution: | | | | | | |Remuneration | | | | | | |policy | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |90.08% |9.92% |99 580 028|94.37% |0.24% | |resolution No. | | | | | | |7.2: | | | | | | | | | | | | | |Non-binding | | | | | | |advisory | | | | | | |resolution: | | | | | | |Implementation | | | | | | |report | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Ordinary |95.83% |4.17% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |8: | | | | | | | | | | | | | |Directors' | | | | | | |authority to | | | | | | |implement | | | | | | |special and | | | | | | |ordinary | | | | | | |resolutions | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.76% |0.24% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |1.1: | | | | | | | | | | | | | |Directors' | | | | | | |fees - Board: | | | | | | |Chairperson | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.89% |0.11% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |1.2: | | | | | | | | | | | | | |Directors' | | | | | | |fees - Board: | | | | | | |Non-Executive | | | | | | |Director | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.89% |0.11% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |1.3: | | | | | | | | | | | | | |Directors' | | | | | | |fees - Audit | | | | | | |Committee: | | | | | | |Chairperson | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.89% |0.11% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |1.4: | | | | | | | | | | | | | |Directors' | | | | | | |fees - Risk | | | | | | |Committee: | | | | | | |Chairperson | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.89% |0.11% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |1.5: | | | | | | | | | | | | | |Directors' | | | | | | |fees - | | | | | | |Environment, | | | | | | |Health and | | | | | | |Safety | | | | | | |Committee: | | | | | | |Chairperson | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.87% |0.13% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |1.6: | | | | | | | | | | | | | |Directors' | | | | | | |fees - | | | | | | |Remuneration & | | | | | | |Human Capital | | | | | | |Committee: | | | | | | |Chairperson | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.87% |0.13% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |1.7: | | | | | | | | | | | | | |Directors' | | | | | | |fees - Social, | | | | | | |Ethics & | | | | | | |Sustainability | | | | | | |Committee: | | | | | | |Chairperson | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.89% |0.11% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |1.8: | | | | | | | | | | | | | |Directors' | | | | | | |fees - | | | | | | |Nominations, | | | | | | |Governance & | | | | | | |Directors' | | | | | | |Affairs | | | | | | |Committee: | | | | | | |Chairperson | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.89% |0.11% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |1.9: | | | | | | | | | | | | | |Directors' | | | | | | |fees - | | | | | | |Investment, | | | | | | |Innovation & | | | | | | |Technology | | | | | | |Committee: | | | | | | |Chairperson | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.89% |0.11% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |1.10: | | | | | | | | | | | | | |Directors' | | | | | | |fees - Audit | | | | | | |Committee: | | | | | | |Member | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.89% |0.11% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |1.11: | | | | | | | | | | | | | |Directors' | | | | | | |fees - | | | | | | |Remuneration & | | | | | | |Human Capital | | | | | | |Committee: | | | | | | |Member | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.89% |0.11% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |1.12: | | | | | | | | | | | | | |Directors' | | | | | | |fees - Social, | | | | | | |Ethics & | | | | | | |Sustainability | | | | | | |Committee: | | | | | | |Member | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.89% |0.11% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |1.13: | | | | | | | | | | | | | |Directors' | | | | | | |fees - Other | | | | | | |Board | | | | | | |Committees: | | | | | | |Member | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.76% |0.24% |99 635 345|94.43% |0.18% | |resolution No. | | | | | | |1.14: | | | | | | | | | | | | | |Directors' | | | | | | |fees - Special | | | | | | |meeting | | | | | | |attendance fee | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |99.87% |0.13% |99 635 345|94.43% |0.18% | |resolution No. | | | | | | |1.15: | | | | | | | | | | | | | |Directors' | | | | | | |fees - Per | | | | | | |-trip | | | | | | |allowance | | | | | | +---------------+-------+------+----------+-------------+-----------+ |Special |95.94% |4.06% |99 636 877|94.43% |0.18% | |resolution No. | | | | | | |2: | | | | | | | | | | | | | |Approval of | | | | | | |financial | | | | | | |assistance to | | | | | | |related or | | | | | | |inter-related | | | | | | |company | | | | | | +---------------+-------+------+----------+-------------+-----------+ Notes: -          The total issued share capital of AECI is 105 517 780 listed ordinary shares and 3 000 000 listed cumulative preference shares. -          Percentages of shares voted are calculated in relation to the total issued ordinary share capital of AECI. -          Percentages of shares voted for and against are calculated in relation to the total number of ordinary shares voted in respect of each resolution. -          Abstentions are calculated as a percentage in relation to the total issued ordinary share capital of AECI. Woodmead, Sandton 28 May 2025 Equity Sponsor: One Capital Debt Sponsor: Questco Corporate Advisory This information was brought to you by Cision http://news.cision.com https://news.cision.com/aeci-limited/r/report-on-proceedings-at-the-annual-general-meeting,c4156351

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