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THE PROFESSIONAL PROVIDENT SOCIETY HOLDINGS TRUST (“the Trust”) (REGISTRATION NUMBER IT 312/2011)

RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 9 MAY 2022 (as verified by scrutineers KPMG)

The twelfth annual general meeting of the Trust was held virtually on 9 May 2022 and was attended by the requisite quorum of members (226 members attended the meeting virtually and 215 members voted in person, or by proxy, on the electronic voting platform, holding 377 833 votes).   The following resolutions were approved by members: 

1. The Integrated Report and annual financial statements of the Trust for the financial year ended 31 December 2021, including the reports of the trustees, Audit Committees, the Social and Ethics Committee and the auditors of the Trust, were adopted (99.74% in favour).

2. Ernst & Young Inc was appointed as the auditor of the Trust (99.29% in favour).

3. The following members, in alphabetical order, received the highest number of votes from members and, accordingly, were elected as Trustees of the Trust to fill the four available vacancies:

•  Dr A Coetzee
• Dr D P du Plessis
• Dr B R Ntshabele
• Dr R Putter

4. The members approved the appointment of the members of the Audit Committee of the Trust, constituted by the following Trustees (99.45%  in favour):

• Ms D L T Dondur
• Mr P Ranchod
• Prof H E Wainer

5.The remuneration of the Trustees for the period commencing 1 July 2022 was approved by the required majority (requirement 75% of votes cast) (99.28%  in favour).