Altron : Results of the Annual General Meeting of Altron held on 28 July 2022

ALTRON LIMITED

(Registration number 1947/024583/06) (Incorporated in the Republic of South Africa) Share code: AEL ISIN: ZAE000191342 ("Altron" or "Altron Group" or "the Company")

RESULTS OF THE ANNUAL GENERAL MEETING OF ALTRON HELD ON 28 JULY 2022

Shareholders are advised that the results of the business conducted at the Altron Annual General meeting held through electronic communication on Thursday, 28 July 2022 are as follows:

Total number of shares that can be exercised at the meeting	378,277,472
Total number of shares present/represented including proxies at the meeting	327,041,635
as percentage of voteable shares
Total number of shares present/represented including proxies at the meeting	327,041,635
as percentage of issued shares
Total number of members present in person	19
Issued Shares	410,564,940

Annual Financial Statements

The Annual Financial Statements of the Company, incorporating the External Auditor, Audit and Risk Committee, Directors' Reports, Remuneration Report and Governance Report for the year ended 28 February 2022, were presented to shareholders.

Details of the results of voting at the Annual General Meeting are as follows:

Resolution			Votes cast		Number of	Shares voted	Shares
				disclosed as a	Shares	disclosed as	abstained
				percentage of the	Voted	a percentage	disclosed as a
				total number of		of the total	percentage of
				shares voted at the		voteable	the total issued
				meeting			shares	shares*
				For		Against
Ordinary resolution number 1.1: Re-	91.77%		8.23%	327 006 557	86.45%	0.01%
election of non-executive Directors -
Mr. Robert Venter
Ordinary resolution number 1.2: Re-	96.37%		3.63%	327 021 696	86.45%	0.00%
election of non-executive Directors -
Dr Phumla Mnganga
Ordinary resolution number 1.3: Re-	98.29%		1.71%	327 021 696	86.45%	0.00%
election of non-executive Directors -
Mr. Grant Gelink
Ordinary	resolution	number	1.4:	98.75%		1.25%	327 004 307	86.45%	0.01%
Election of Executive Director - Mr.
Nicholas Bofilatos
Ordinary	resolution	number	1.5:	100%		0%	327 006 557	86.45%	0.01%
Election of non-executive Directors -
Ms. Sharoda Rapeti
Ordinary	resolution	number	1.6:	94.57%		5.43%	327 006 557	86.45%	0.01%
Election of non-executive Directors -
Mr. Tapiwa Ngara
Ordinary resolution number 2: Election	100%		0%	327 021 696	86.45%	0%
of PricewaterhouseCoopers	Inc.

("PwC") as the Company's auditors

(with Ms. Alinah Motaung as audit

partner)

Ordinary

resolution

number

3.1:

93.60%

6.40%

327 020 216

86.45%

0.01%

Election of the Audit & Risk Committee

member - Mr. Grant Gelink (Chairman)

Ordinary

resolution

number

3.2:

96.42%

3.58%

327 005 077

86.45%

0.01%

Election of the Audit & Risk Committee

member

-

Ms.

Sharoda

Rapeti

(Member)

Ordinary

resolution

number

3.3:

100%

0%

323 371 143

85.49%

0.89%

Election of the Audit & Risk Committee

member

-

Ms.

Alupheli

Sithebe

(Member)

Ordinary resolution 4: Endorsement of

85.56%

14.44%

327 020 216

86.45%

0.01%

the Altron Group Remuneration Policy

Ordinary

resolution

number

5:

92.85%

7.15%

327 020 216

86.45%

0.01%

Endorsement of the implementation of

the Altron Group Remuneration Policy

Ordinary resolution number 6: General

64.05%

35.95%

327 021 696

86.45%

0%

authority to directors to allot and issue

authorised, but unissued A ordinary

shares

Ordinary

resolution

number

7:

100%

0%

327 021 696

86.45%

0%

Authority

to

implement

resolutions

passed at the AGM

Special

resolution

number

1:

100%

0%

327 000 077

86.44%

0.01%

Remuneration of the Non-Executive

Chairman

Special

resolution

number

2:

99.99%

0.01%

327 000 077

86.44%

0.01%

Remuneration of the Non-Executive

Directors

Special

resolution

number

3.1:

99.96%

0.04%

327 000 077

86.44%

0.01%

Remuneration payable to Non-

Executive

Directors

participating in

Statutory and Board Committees -

Audit and Risk Committee Chair

Special

resolution

number

3.2:

99.99%

0.01%

327 000 077

86.44%

0.01%

Remuneration payable to Non-

Executive

Directors

participating in

Statutory and Board Committees -

Audit and Risk Committee Member

Special

resolution

number

3.3:

99.99%

0.01%

327 000 077

86.44%

0.01%

Remuneration payable to Non-

Executive

Directors

participating in

Statutory and Board Committees -

Remuneration,

Social,

Ethics

and

Sustainability Committee Chair

Special

resolution

number

3.4:

99.99%

0.01%

327 000 077

86.44%

0.01%

Remuneration payable to Non-

Executive

Directors

participating in

Statutory and Board Committees -

Remuneration,

Social,

Ethics

and

Sustainability Committee Member

Special

resolution

number

3.5:

99.99%

0.01.%

327 000 077

86.44%

0.01%

Remuneration

payable

to

Non-

Executive	Directors	participating in
Statutory and Board Committees -
Nomination Committee Chair
Special	resolution	number	3.6:	99.99%	0.01%	327 000 077	86.44%	0.01%
Remuneration payable to Non-
Executive	Directors	participating in
Statutory and Board Committees -
Nomination Committee Member
Special	resolution	number	3.7:	99.99%	0.01%	327 000 077	86.44%	0.01%
Remuneration payable to Non-
Executive	Directors	participating in
Statutory and Board Committees -
Investment Committee Chair
Special	resolution	number	3.8:	99.99%	0.01%	327 000 077	86.44%	0.01%
Remuneration payable to Non-
Executive	Directors	participating in
Statutory and Board Committees -
Investment Committee Member
Special resolution number 4: General	100%	0%	327 018 216	86.44%	0.01%
authority	to	provide	financial
assistance to related or inter-related
companies

*Abstentions are represented as a percentage of total issued ordinary shares

Accordingly, all the resolutions as set out in the Notice convening the Annual General Meeting, were passed by the requisite majority of votes. The special resolutions will, to the extent necessary, be filed and registered with the Companies and Intellectual Property Commission.

Johannesburg

28 July 2022

Sponsor: Investec Bank Limited