AFINE INVESTMENTS LIMITED - Results of the Annual General Meeting

Results of the Annual  General Meeting

AFINE INVESTMENTS LIMITED
APPROVED AS A REIT
(Incorporated in the Republic of South Africa)
Registration number 2020/852422/06
JSE share code: ANI                  ISIN: ZAE000303947
("Afine" or "the Company" or "the Group")

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are advised that, at the Annual General Meeting ("AGM") of Afine shareholders
held on Thursday, 14 August 2025, convened in terms of the notice of AGM included in the
Company's integrated annual report for the year ended 28 February 2025, the results of
voting at the AGM are as follows:

-   Total number of Afine ordinary shares in issue at the date of the AGM: 72 536 585.
-   Total number of Afine ordinary shares that were present/represented at the AGM:
    71 483 636, being 98.55% of the total number of ordinary shares that could have voted at
    the AGM.

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


                                                                     Abstain
                                                                (% of issued    Total Votes
                                            For      Against           share    (excluding
Resolution proposed                           %            %         capital)   abstentions)
Ordinary resolution number 1:
Presentation and acceptance of       71 483 636            0               0     71 483 636
annual financial statements            (100.00%)      (0.00%)         (0.00%)       (98.55%)

Ordinary resolution number 2:
Director retirement and re-          71 483 636            0               0     71 483 636
election: G du Preez                   (100.00%)      (0.00%)         (0.00%)       (98.55%)

Ordinary resolution number 3:
Re-appointment and                   71 483 636            0               0     71 483 636
remuneration of auditors               (100.00%)      (0.00%)         (0.00%)       (98.55%)

Ordinary resolution number 4:
Re-appointment of Audit and          71 483 636            0               0     71 483 636
Risk Committee member: D               (100.00%)      (0.00%)         (0.00%)       (98.55%)
Kohler

Ordinary resolution number 5:
Re-appointment of Audit and          71 483 636            0               0     71 483 636
Risk Committee member: MJ              (100.00%)      (0.00%)         (0.00%)       (98.55%)
Watters

Ordinary resolution number 6:
Appointment of Audit and Risk        71 483 636            0               0     71 483 636
Committee member: G du Preez           (100.00%)      (0.00%)         (0.00%)       (98.55%)

Ordinary resolution number 7:
Appointment of Social and Ethics     71 483 636            0               0   71 483 636
Committee member: G du Preez           (100.00%)      (0.00%)         (0.00%)     (98.55%)

Ordinary resolution number 8:
Appointment of Social and Ethics     71 483 636            0               0   71 483 636
Committee member: JT Loubser           (100.00%)      (0.00%)         (0.00%)     (98.55%)

Ordinary resolution number 9:
Appointment of Social and Ethics     71 483 636          0                 0   71 483 636
Committee member: D Kohler             (100.00%)    (0.00%)           (0.00%)     (98.55%)

Ordinary resolution number 10:
Endorsement of Afine's               71 483 636          0                 0   71 483 636
Remuneration Policy                    (100.00%)    (0.00%)           (0.00%)     (98.55%)

Ordinary resolution number 11:
Endorsement of the                   71 483 636          0                 0   71 483 636
implementation of Afine's               (100.0%)    (0.00%)           (0.00%)     (98.55%)
Remuneration Policy                   

Special resolution number 1:
General authority to allot and       71 483 636          0                 0   71 483 636
issue shares for cash                  (100.00%)    (0.00%)           (0.00%)     (98.55%)

Special resolution number 2:
Authority to issue shares,           71 483 636          0                 0   71 483 636
securities convertible into shares     (100.00%)    (0.00%)           (0.00%)     (98.55%)
or rights that may exceed 30% of
the voting power of the current
issued share capital

Special resolution number 3:
Non-Executive directors'             71 483 636          0               0   71 483 636
remuneration                           (100.00%)    (0.00%)         (0.00%)     (98.55%)

Special resolution number 4:
General authority to provide         71 483 636          0               0   71 483 636
financial assistance for the           (100.00%)    (0.00%)         (0.00%)     (98.55%)
subscription and/or purchase of
securities in the company or in
related or inter-related
companies

Special resolution number 5:
General authority to provide         71 483 636          0               0   71 483 636
financial assistance to related        (100.00%)    (0.00%)         (0.00%)     (98.55%)
and inter related companies
and corporations

By Order of the Board
Cape Town

15 August 2025

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 15-08-2025 01:12:00
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