2020 INTEGRATED REPORT

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) for the year ended 31 December 2020 5. To approve, by special resolution, the following remuneration of the trustees (exclusive of VAT) for the period commencing 1 July 2021 until such time as this remuneration is amended by a further special resolution: ~ remuneration of the chairman, comprising an annual retainer of R488 970 and an attendance fee of R21 128 per meeting; ~ remuneration of the deputy chairman, comprising an annual retainer of R325 980 and an attendance fee of R15 846 per meeting; ~ remuneration of the co-opted members of the Board of Trustees, comprising an annual retainer of R244 485 and an attendance fee of R10 564 per meeting; ~ remuneration of the remainder of the members of the Board of Trustees, comprising an annual retainer of R162 990 and an attendance fee of R10 564 per meeting; ~ remuneration of the chairman of the Trust Audit Committee, being an attendance fee of R26 409 per meeting; ~ remuneration of the members of the Trust Audit Committee, being an attendance fee of R13 205 per meeting; ~ remuneration of the chairman of the Group Nominations Committee, being an attendance fee of R26 409 per meeting; ~ remuneration of the deputy chairman of the Group Nominations Committee, being an attendance fee of R19 807 per meeting; and ~ remuneration of the members of the Group Nominations Committee, being an attendance fee of R13 205 per meeting. VOTING In voting or passing any resolution: ~ Associate Members (as defined in clause 18 of the Trust Deed) do not have any votes; and ~ Ordinary Members (as defined in clause 18 of the Trust Deed) shall have 100 (one hundred) votes each, plus 1 (one) additional vote for each completed R200 (two hundred Rand) standing to his/her credit in his/her Apportionment Account (as defined in the Trust Deed), as at the most recent date prior to the meeting when the Apportionment Accounts of Ordinary Members were adjusted, provided that an Ordinary Member who is at the date of the vote 3 (three) months or more in arrears with the payment of his/her premiums (payable in terms of the Master Contract (as defined in clause 1.2.25 of the Trust Deed)) shall only have 1 (one) vote at the meeting. A member who has more than 1 (one) vote may not split votes to exercise his/her votes in voting on any particular resolution but shall exercise all his/her votes either for or against the resolution or the member may abstain from voting on it. An ordinary resolution is a resolution approved by a majority of votes exercised on that resolution. A special resolution is a resolution approved by 75% of the votes exercised on that resolution. PROXIES Any member who is entitled to attend and vote at the meeting may appoint a proxy (who need not be a member of the Trust) to attend, speak and on a poll to vote or abstain from voting in his/her stead. A form of proxy is included in this Integrated Report on pages 219 to 220 and is also available for downloading from www.pps.co.za . The form of proxy is accompanied by notes indicating the requirements for its completion. Forms of proxy which do not comply with these requirements will be rejected. 212 | PPS INTEGRATED REPORT 2020