RECM and Calibre : Results of the annual general meeting

RECM and Calibre Limited

(Incorporated in the Republic of South Africa) Registration number 2009/012403/06 Preference Share Code: RACP

ISIN: ZAE000145041 ("RAC" or "the Company")

RESULTS OF THE ANNUAL GENERAL MEETING

RAC shareholders are advised that, at the Annual General Meeting ("AGM") of the ordinary shareholders of the Company held on Wednesday, 27 July 2022, all the proposed resolutions were approved by 100% of the RAC ordinary shares voted in person or by proxy, which represented 3 750 000 RAC ordinary shares.

Shareholders are reminded that the RAC ordinary shares are not listed on the securities exchange operated by the JSE.

The special and ordinary resolutions proposed at the AGM are set out below:

Special resolution number 1

Approval of the independent non-executive directors' remuneration

Ordinary resolution number 1

Appointment of Ernst & Young Inc. as the Company's auditor, as nominated by the Company's Audit and Risk Committee and to note that the individual registered auditor who will undertake the audit during the financial year ending 31 March 2023, is Ms J Allison

Ordinary resolution number 2

Election of Z Matlala as an independent non-executive director

Ordinary resolution number 3

Election of T Rossini as an independent non-executive director

Ordinary resolution number 4

Election of S Naidoo as a member of the Audit and Risk Committee

Ordinary resolution number 5

Election of Z Matlala as a member of the Audit and Risk Committee

Ordinary resolution number 6

Election of T Rossini as a member of the Audit and Risk Committee

Cape Town

27 July 2022

Sponsor

Questco Corporate Advisory (Pty) Ltd