28 May - 10 min read

Results of the Annual General Meeting

Results of the Annual General Meeting

HULAMIN LIMITED
Incorporated in the Republic of South Africa
(Registration number 1940/013924/06)
ISIN: ZAE000096210
JSE Code: HLM
(“Hulamin” or “the Company”)

 RESULTS OF THE ANNUAL GENERAL MEETING

Hulamin shareholders are advised that, at the annual general meeting of the Company held on Thursday, 27 May 2021 (“AGM”), all the ordinary and special resolutions,
excluding the non-binding advisory votes proposed thereat were approved by the requisite majority of votes as set out below.

As at Friday, 21 May 2021, being the AGM record date (“Voting Record Date”), Hulamin had 324 318 436 listed ordinary shares, 31 477 333 unlisted ordinary “A” shares
and 36 072 000 unlisted ordinary “B” shares in issue.

The total number of listed ordinary shares, unlisted ordinary “A” shares and unlisted ordinary “B” shares voted in person or by proxy at the AGM were 195 285 771,
31 477 333 and 36 072 000, respectively, representing 60.21%, 100% and 100% of the Hulamin issued listed ordinary shares, unlisted ordinary “A” shares and unlisted
ordinary “B” shares, respectively.

Ordinary resolution number 1
To authorise the directors to appoint Ernst & Young as the independent registered auditors of the Company who will undertake the audit of the Company for the ensuing
year, with Mr Sifiso Sithebe as the individual designated auditor of the Company.

              Listed Ordinary Shares                       Unlisted Ordinary “A” Shares                     Unlisted Ordinary “B” Shares                     Combined All Classes of Shares
     Voted               For    Against   Abstain      Voted            For    Against    Abstain      Voted            For    Against     Abstain        Voted            For    Against     Abstain
(Number and              (%)        (%)      (%)1    (Number            (%)        (%)       (%)2    (Number            (%)        (%)        (%)3   (Number and           (%)        (%)        (%)4
        %1)                                           and %2)                                         and %3)                                                %4)
194 824 946     193 499 746      1 325    460 825   31 477 333   31 477 333         0          0    36 072 000   36 072 000          0          0    262 374 279   261 049 079      1 325     460 825
     60.07%          99.32%        200      0.14%     100.00%      100.00%      0.00%      0.00%    100.00%        100.00%       0.00%      0.00%         66.95%        99.49%        200       0.12%
                                 0.68%                                                                                                                                              0.51%
Ordinary resolution number 2.1
To re-elect Mr RG Jacob as an executive director who retires in accordance with Article 33.11 of the Company’s Memorandum of Incorporation
              Listed Ordinary Shares                            Unlisted Ordinary “A” Shares                             Unlisted Ordinary “B” Shares                           Combined All Classes of Shares
    Voted               For    Against      Abstain          Voted           For Against            Abstain         Voted             For    Against        Abstain          Voted              For     Against   Abstain
  (Number               (%)        (%)         (%)1        (Number           (%)        (%)            (%)2       (Number             (%)        (%)           (%)3     (Number and             (%)         (%)      (%)4
   and %1)                                                  and %2)                                                and %3)                                                      %4)
194 927 946    188 005 941      6 922       357 825      31 477 333     31 477 333          0            0       36 072 000      36 072 000          0            0     262 477 279    255 555 274       6 922    357 825
     60.10%         96.45%        005         0.11%        100.00%        100.00%       0.00%        0.00%         100.00%         100.00%       0.00%        0.00%          66.98%         97.36%         005      0.09%
                                3.55%                                                                                                                                                                    2.64%

Ordinary resolution number 2.2
To re-elect Mr VN Khumalo as a non-executive director who retires in accordance with Article 33.11 of the Company’s Memorandum of Incorporation
               Listed Ordinary Shares                                 Unlisted Ordinary “A” Shares                             Unlisted Ordinary “B” Shares                      Combined All Classes of Shares
    Voted               For       Against      Abstain         Voted              For     Against      Abstain         Voted               For    Against     Abstain        Voted              For    Against    Abstain
  (Number               (%)           (%)         (%)1       (Number              (%)         (%)         (%)2       (Number               (%)        (%)        (%)3   (Number and             (%)        (%)       (%)4
   and %1)                                                    and %2)                                                 and %3)                                                   %4)
194 927 946    189 328 425      5 599 521      357 825     31 477 333      31 477 333          0            0      36 072 000       36 072 000         0            0    262 477 279   256 877 758      5 599     357 825
60.10%              97.13%          2.87%        0.11%       100.00%         100.00%       0.00%        0.00%        100.00%          100.00%      0.00%        0.00%         66.98%        97.87%        521       0.09%
                                                                                                                                                                                                        2.13%

Ordinary resolution number 2.3
To re-elect Mr N Maharajh as an independent non-executive director who retires in accordance with Article 33.11 of the Company’s Memorandum of Incorporation
              Listed Ordinary Shares                            Unlisted Ordinary “A” Shares                              Unlisted Ordinary “B” Shares                          Combined All Classes of Shares
    Voted               For    Against      Abstain         Voted              For      Against      Abstain         Voted                For    Against      Abstain        Voted              For    Against    Abstain
  (Number               (%)        (%)         (%)1       (Number              (%)          (%)         (%)2       (Number                (%)        (%)         (%)3   (Number and             (%)        (%)       (%)4
   and %1)                                                 and %2)                                                  and %3)                                                     %4)
191 604 141    191 502 266    101 875        3 681       31 477 333     31 477 333           0            0       36 072 000       36 072 000          0           0     259 153 474   259 051 599    101 875      3 681
     59.08%         99.95%      0.05%          630         100.00%        100.00%        0.00%        0.00%         100.00%          100.00%       0.00%       0.00%          66.13%        99.96%      0.04%        630
                                             1.14%                                                                                                                                                                 0.94%
Ordinary resolution number 2.4
To re-elect Mr SP Ngwenya as a non-executive director who retires in accordance with Article 33.11 of the Company’s Memorandum of Incorporation
              Listed Ordinary Shares                           Unlisted Ordinary “A” Shares                         Unlisted Ordinary “B” Shares                         Combined All Classes of Shares
    Voted               For     Against     Abstain        Voted            For    Against      Abstain        Voted             For    Against      Abstain         Voted              For    Against    Abstain
  (Number               (%)         (%)        (%)1      (Number            (%)        (%)         (%)2      (Number             (%)        (%)         (%)3    (Number and             (%)        (%)       (%)4
   and %1)                                                and %2)                                             and %3)                                                   %4)
191 604 141    191 501 425      102 716      3 681      31 477 333     31 477 333         0          0      36 072 000     36 072 000         0           0      259 153 474   259 050 758    102 716      3 681
     59.08%         99.95%        0.05%        630        100.00%        100.00%      0.00%      0.00%        100.00%        100.00%      0.00%       0.00%           66.13%        99.96%      0.04%        630
                                             1.14%                                                                                                                                                         0.94%

Ordinary resolution number 3.1
To elect Mr N Maharajh as a member and the chairman of the group Audit Committee
               Listed Ordinary Shares                            Unlisted Ordinary “A” Shares                        Unlisted Ordinary “B” Shares                       Combined All Classes of Shares
    Voted                For     Against     Abstain        Voted              For    Against    Abstain        Voted             For    Against     Abstain         Voted              For    Against    Abstain
  (Number                (%)         (%)        (%)1      (Number              (%)        (%)       (%)2      (Number             (%)        (%)        (%)3    (Number and             (%)        (%)       (%)4
   and %1)                                                 and %2)                                             and %3)                                                  %4)
191 604 141     191 504 141      100 000      3 681     31 477 333      31 477 333         0          0     36 072 000     36 072 000         0           0     259 153 474    259 053 474     100 000     3 681
     59.08%          99.95%        0.05%        630       100.00%         100.00%      0.00%      0.00%       100.00%        100.00%      0.00%       0.00%          66.13%         99.96%       0.04%       630
                                              1.14%                                                                                                                                                        0.94%

Ordinary resolution number 3.2
To elect Mr CA Boles as a member of the group Audit Committee
               Listed Ordinary Shares                            Unlisted Ordinary “A” Shares                         Unlisted Ordinary “B” Shares                       Combined All Classes of Shares
     Voted                For     Against     Abstain        Voted            For    Against      Abstain         Voted            For    Against     Abstain        Voted            For      Against    Abstain
(Number and               (%)         (%)        (%)1   (Number and           (%)        (%)         (%)2       (Number            (%)        (%)        (%)3      (Number            (%)           (%)      (%)4
        %1)                                                      %2)                                             and %3)                                            and %4)
 194 927 946      194 826 332     101 614    357 825      31 477 333     31 477 333         0          0      36 072 000    36 072 000          0           0    262 477 279   262 375 665      101 614   357 825
      60.10%           99.95%       0.05%      0.11%        100.00%        100.00%      0.00%      0.00%        100.00%       100.00%       0.00%       0.00%         66.98%        99.96%        0.04%     0.09%
     
Ordinary resolution number 3.3
To elect Dr B Mehlomakulu as a member of the group Audit Committee
                Listed Ordinary Shares                             Unlisted Ordinary “A” Shares                            Unlisted Ordinary “B” Shares                                Combined All Classes of Shares
       Voted              For     Against       Abstain        Voted             For Against            Abstain        Voted            For Against               Abstain          Voted            For         Against      Abstain
     (Number              (%)         (%)          (%)1      (Number             (%)       (%)             (%)2      (Number            (%)        (%)               (%)3     (Number and           (%)             (%)         (%)4
      and %1)                                                 and %2)                                                 and %3)                                                         %4)
  191 604 141    191 501 425      102 716        3 681      31 477 333      31 477 333          0            0      36 072 000      36 072 000             0           0      259 153 474     259 050 758        102 716      3 681
       59.08%         99.95%        0.05%          630        100.00%         100.00%       0.00%        0.00%        100.00%         100.00%          0.00%       0.00%           66.13%          99.96%          0.04%        630
                                                 1.14%                                                                                                                                                                        0.94%

Special resolution number 1
Approval of the non-executive directors’ fees
                 Listed Ordinary Shares                                  Unlisted Ordinary “A” Shares                            Unlisted Ordinary “B” Shares                           Combined All Classes of Shares
       Voted               For        Against     Abstain         Voted               For   Against       Abstain         Voted               For      Against      Abstain         Voted               For       Against    Abstain
     (Number               (%)            (%)        (%)1       (Number               (%)       (%)          (%)2       (Number               (%)          (%)         (%)3       (Number               (%)           (%)       (%)4
      and %1)                                                    and %2)                                                 and %3)                                                   and %4)
  194 927 946     178 299 932      16 628 014     357 825     31 477 333      31 477 333          0            0      36 072 000      36 072 000            0            0     262 477 279      245 849 265    16 628 014    357 825
       60.10%          91.47%           8.53%       0.11%       100.00%         100.00%       0.00%        0.00%        100.00%         100.00%         0.00%        0.00%          66.98%           93.66%         6.34%      0.09%


Special resolution number 2
Provision of financial assistance in terms of section 45 of the Companies Act
                Listed Ordinary Shares                               Unlisted Ordinary “A” Shares                                Unlisted Ordinary “B” Shares                               Combined All Classes of Shares
    Voted               For        Against       Abstain         Voted              For     Against      Abstain         Voted                   For    Against     Abstain         Voted                For       Against    Abstain
  (Number               (%)            (%)          (%)1       (Number              (%)         (%)         (%)2       (Number                   (%)        (%)        (%)3       (Number                (%)           (%)       (%)4
   and %1)                                                      and %2)                                                 and %3)                                                    and %4)
194 927 946     192 643 969      2 283 977       357 825     31 477 333      31 477 333          0             0     36 072 000        36 072 000            0            0     262 477 279     260 193 302      2 283 977    357 825
     60.10%          98.83%          1.17%         0.11%       100.00%         100.00%       0.00%         0.00%       100.00%           100.00%         0.00%        0.00%          66.98%          99.13%          0.87%      0.09%
     
Special resolution number 3
General authority to repurchase shares in the Company
                 Listed Ordinary Shares                              Unlisted Ordinary “A” Shares                       Unlisted Ordinary “B” Shares                      Combined All Classes of Shares
       Voted                   For     Against    Abstain       Voted              For Against       Abstain       Voted            For    Against   Abstain         Voted            For       Against    Abstain
  (Number and                  (%)         (%)       (%)1     (Number              (%)       (%)        (%)2     (Number            (%)        (%)      (%)3       (Number            (%)           (%)       (%)4
          %1)                                                  and %2)                                            and %3)                                           and %4)
   194 927 946       192 753 071        2 174    357 825     31 477 333     31 477 333          0          0   36 072 000   36 072 000          0           0    262 477 279   260 302 404   2 174 875     357 825
        60.10%            98.88%          875      0.11%       100.00%        100.00%       0.00%      0.00%     100.00%      100.00%       0.00%       0.00%         66.98%        99.17%       0.83%       0.09%
                                        1.12%

Special resolution number 4.1
Amendments to the Memorandum of Incorporation – Odd-lot offers
              Listed Ordinary Shares                               Unlisted Ordinary “A” Shares                        Unlisted Ordinary “B” Shares                       Combined All Classes of Shares
    Voted                For         Against     Abstain       Voted             For     Against    Abstain       Voted              For   Against     Abstain       Voted             For       Against   Abstain
  (Number                (%)             (%)        (%)1     (Number             (%)         (%)       (%)2     (Number              (%)       (%)        (%)3     (Number             (%)           (%)      (%)4
   and %1)                                                    and %2)                                            and %3)                                            and %4)
194 927 685   192 656 969        2 270 716       358 086    31 477 333    31 477 333          0          0     36 072 000     36 072 000         0          0    262 477 018   260 206 302     2 270 716   358 086
     60.10%        98.84%            1.16%         0.11%      100.00%       100.00%       0.00%      0.00%       100.00%        100.00%      0.00%      0.00%         66.98%        99.13%         0.87%     0.09%


Special resolution number 4.2
Amendments to the Memorandum of Incorporation – Amendments to Schedule B – Rights, Limitations and Other Terms of A1, A2, A3, B1, B2 and B3 Ordinary Shares
                 Listed Ordinary Shares                              Unlisted Ordinary “A” Shares                       Unlisted Ordinary “B” Shares                      Combined All Classes of Shares
       Voted                   For     Against    Abstain       Voted              For    Against    Abstain       Voted            For    Against     Abstain       Voted             For     Against     Abstain
  (Number and                  (%)         (%)       (%)1     (Number              (%)        (%)       (%)2     (Number            (%)        (%)        (%)3     (Number             (%)         (%)        (%)4
          %1)                                                  and %2)                                            and %3)                                           and %4)
   191 603 880       189 328 164        2 275      3 681     31 477 333     31 477 333          0          0   36 072 000   36 072 000          0           0    259 153 213   256 877 497   2 275 716      3 681
        59.08%            98.81%          716        891       100.00%        100.00%       0.00%      0.00%     100.00%      100.00%       0.00%       0.00%         66.13%        99.12%       0.88%        891
                                        1.19%      1.14%                                                                                                                                                    0.94%

Non-binding advisory vote – Remuneration policy
               Listed Ordinary Shares                         Unlisted Ordinary “A” Shares                    Unlisted Ordinary “B” Shares                       Combined All Classes of Shares
     Voted              For        Against   Abstain       Voted            For Against Abstain            Voted           For    Against    Abstain        Voted            For         Against    Abstain
(Number and             (%)            (%)      (%)1     (Number            (%)       (%)  (%)2          (Number           (%)        (%)       (%)3      (Number            (%)             (%)       (%)4
        %1)                                               and % 2)                                        and %3)                                          and %4)
194 927 946      85 731 708    109 196 238   357 825    31 477 333    31 477 333        0         0     36 072 000    36 072 000        0         0     262 477 279   153 281 041        109 196    357 825
     60.10%          43.98%         56.02%     0.11%      100.00%       100.00%     0.00%     0.00%       100.00%       100.00%     0.00%     0.00%          66.98%        58.40%            238      0.09%
                                                                                                                                                                                          41.60%

Non-binding advisory vote – Implementation report
               Listed Ordinary Shares                          Unlisted Ordinary “A” Shares                      Unlisted Ordinary “B” Shares                      Combined All Classes of Shares
      Voted              For      Against    Abstain        Voted            For Against      Abstain        Voted            For Against     Abstain        Voted             For       Against    Abstain
 (Number and             (%)          (%)       (%)1   (Number and           (%)        (%)      (%)2      (Number            (%)        (%)     (%)3      (Number             (%)           (%)       (%)4
         %1)                                                    %2)                                         and % 3)                                        and % 4)


 194 927 946      76 662 639      118 265    357 825     31 477 333    31 477 333        0         0     36 072 000    36 072 000       0          0    262 477 279    144 211 972      118 265     357 825
      60.10%          39.33%          307      0.11%       100.00%       100.00%     0.00%     0.00%       100.00%       100.00%    0.00%      0.00%         66.98%         54.94%          307       0.09%
                                   60.67%                                                                                                                                                45.06%

Notes:
1. Expressed as a percentage of 324 318 436 Hulamin listed ordinary shares in issue as at the Voting Record Date.
2. Expressed as a percentage of 31 477 333 Hulamin unlisted ordinary “A” shares in issue as at the Voting Record Date.
3. Expressed as a percentage of 36 072 000 Hulamin unlisted ordinary “B” shares in issue as at the Voting Record Date.
4. Expressed as a percentage of 391 867 769 Hulamin total shares in issue (all classes combined) as at the Voting Record Date.

Engagement with Dissenting Shareholders

In light of the outcome of the non-binding advisory votes on the remuneration policy and remuneration implementation report, Hulamin invites those shareholders
who voted against the remuneration policy and implementation report tabled at the AGM (“Dissenting Shareholders”) to forward written submissions on the
remuneration policy and implementation report to the company secretary (sharon.ramoetlo@hulamin.co.za) by close of business on Thursday, 3 June 2021.
Meetings will be arranged with individual Dissenting Shareholders to ascertain the reasons for their votes, should this be required.


Pietermaritzburg
28 May 2021

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 28-05-2021 10:49:00
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