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Report on proceedings at the annual general meeting
10 June 2015
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor” or “the company”)
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the annual general meeting (“AGM”) of shareholders of Trencor held yesterday, 9 June 2015, all the ordinary and special resolutions proposed were approved by the requisite majority of votes. The company confirms the voting statistics from the AGM as follows:
| Total number of shares in issue | 177 068 011 |
| Total number of shares represented at the AGM | 155 723 589 (88%) |
| Resolutions | Votes carried disclosed as a percentage in relation to the total number of shares voted at the AGM | Number of shares voted | Shares voted disclosed as a percentage in relation to the total issued share capital | Shares abstained disclosed as a percentage in relation to the total issued share capital | |
| For | Against | ||||
| Ordinary resolution number 1.1: Election of JE Hoelter as a director | 99,97% | 0,03% | 155 076 696 | 87,58% | 0,37% |
| Ordinary resolution number 1.2: Election of C Jowell as a director | 99,91% | 0,09% | 155 076 696 | 87,58% | 0,37% |
| Ordinary resolution number 1.3: Election of DM Nurek as a director | 83,40% | 16,60% | 155 076 696 | 82,69% | 0,37% |
| Non-binding advisory vote: Endorsement of remuneration policy | 81,56% | 18,44% | 146 409 208 | 82,69% | 5,26% |
| Ordinary resolution number 2: Reappointment of KPMG Inc as independent auditor | 99,98% | 0,02% | 155 076 696 | 87,58% | 0,37% |
| Ordinary resolution number 3.1: Election of E Oblowitz as audit committee member | 99,97% | 0,03% | 155 076 696 | 87,58% | 0,37% |
| Ordinary resolution number 3.2: Election of RJA Sparks as audit committee member | 99,98% | 0,02% | 155 076 696 | 87,58% | 0,37% |
| Ordinary resolution number 3.3: Election of H Wessels as audit committee member | 99,98% | 0,02% | 155 076 696 | 87,58% | 0,37% |
| Special resolution number 1: Approval and authorisation of the provision of financial assistance by the company to related or inter-related companies | 99,78% | 0,22% | 155 076 696 | 87,58% | 0,37% |
| Special resolution number 2: Approval of non-executive directors’ remuneration from 1 July 2015 until the next AGM | 99,98% | 0,02% | 155 076 696 | 87,58% | 0,37% |
| Special resolution number 3: Approval of the granting of a general authority to the company or its subsidiaries to acquire the issued shares of the company | 99,97% | 0,03% | 155 076 696 | 87,58% | 0,37% |
Trencor Services (Pty) Ltd
Secretaries
10 June 2015
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)