2020 INTEGRATED REPORT

NOTICE TO THE MEMBERS OF THE ANNUAL GENERAL MEETING AND CVS OF CANDIDATES STANDING FOR ELECTION THE PROFESSIONAL PROVIDENT SOCIETY HOLDINGS TRUST (Registration number: IT312/2011) (‘the Trust’) Notice is hereby given that the eleventh annual general meeting (‘the meeting’) of the members of the Trust will be held VIRTUALLY on Monday, 10 May 2021 at 18:00, for the purposes set out below. Please refer to the section titled “Action required by members in regard to the 2021 annual general meeting” included in this integrated report for particulars regarding participation in the annual general meeting. 1. To adopt, by ordinary resolution, the annual financial statements for the year ended 31 December 2020, including the reports of the trustees and the auditors of the Trust. 2. To re-appoint, by ordinary resolution, PricewaterhouseCoopers Inc. as the auditors of the Trust. 3. To elect and appoint trustees, by ordinary resolutions, in place of those trustees retiring in accordance with the trust deed which established and governs the Trust (‘Trust Deed’). Dr N H P Khosa, Dr C M Krüger and Mr E A Moolla are retiring by rotation at the meeting in terms of the Trust Deed. The following Trustees, being eligible for re-election and appointment, offer themselves for re-election and appointment as trustees of the Trust (Mr Moolla is not standing for re-election): 3.1 Dr N H P Khosa 3.2 Dr C M Krüger In addition, the following candidates have been nominated for election and appointment as trustees of the Trust in terms of the Trust Deed: 3.3 Mr A H de Vries 3.4 Ms V Kriel 3.5 Adv J Malherbe (Abbreviated biographical details of the persons referred to above are set out on pages 214 to 218 of this Integrated Report). EXPLANATORY NOTE ON THE APPOINTMENT OF THE TRUSTEES The Trust Deed provides for a maximum of 20 Trustees, all of whom are appointed in accordance with the Trust Deed. There are currently 10 elected Trustees, of whom three are required to retire by rotation in terms of clause 7.2.1 of the Trust Deed. Following these retirements by rotation, there will be seven elected trustees in office. In terms of clause 5.3.1 of the Trust Deed, a maximum of ten Trustees may be appointed by the members in general meeting. There are therefore three vacancies and there are five nominees for these vacant positions (including the two Trustees who retire by rotation and who offer themselves for re-election and appointment). The Trust Deed provides that: (i) Each candidate will be voted upon by a separate election resolution and if the election resolution is not approved then that candidate is not appointed. (ii) If the number of candidates whose election resolutions are approved exceeds the above-mentioned number of vacancies, the result of the voting shall be determined in accordance with the number of votes cast in favour of each approved election resolution so that the vacancies will be filled by those candidates whose approved election resolutions received the highest number of favourable votes. 4. To elect the Audit Committee of the Trust by ordinary resolution. The following trustees, who meet the requirements of paragraph 26.1 of the Trust Deed, nominated by the Group Nominations Committee and recommended by the Board, have offered themselves for election: 4.1 Ms D L T Dondur 4.2 Mr P Ranchod 4.3 Prof H E Wainer PPS INTEGRATED REPORT 2020 | 211