SAFARI INVESTMENTS (RSA) LIMITED - Results of general meeting

Results of general meeting

SAFARI INVESTMENTS RSA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2000/015002/06)
Approved as a REIT by the JSE Limited
Share code: SAR
ISIN Number: ZAE000188280
("Safari" or "the Company")


RESULTS OF GENERAL MEETING


1.      INTRODUCTION

1.1.      Unless otherwise indicated, capitalised words and terms contained in this announcement shall
          bear the same meanings ascribed thereto in the circular dated 24 October 2025 ("Circular").

1.2.      Shareholders are referred to:

1.1.1        the Firm Intention Announcement released on SENS on Friday, 17 October 2025, in terms
             of which Shareholders were advised that the Board had resolved to make a firm offer to
             acquire all the Safari Shares, other than the Excluded Shares, by way of scheme of
             arrangement in accordance with section 114(1)(e), read with section 115 of the Companies
             Act;

1.1.2        the announcement released on SENS on Friday, 24 October 2025, regarding the
             distribution of the Circular incorporating the Notice of General Meeting; and

1.1.3        the Circular.

1.3.      The Board is pleased to announce that, pursuant to the General Meeting held electronically at
          14:00 today, 21 November 2025, all the Resolutions as set out in the Notice of General
          Meeting were passed by the requisite majority of Shareholders entitled to vote, as detailed
          below.

2.      RESULTS OF GENERAL MEETING

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


           Resolutions         Shares           Shares         Votes for      Votes        Shares
           proposed at         voted at the     voted (%) ¹    resolution     against      abstained
           the General         General                         (%) ²          resolution   (%) ¹
           Meeting             Meeting                                        (%) ²
                               (number)
           Special
           Resolution
           Number 1:
           Approval of the
           Scheme in
           terms of
           sections 48(8),
           114(1)(e) and
           115(2)(a) of the
           Companies Act        84 713 531      85.58%         98.57%         1.43%        0.00%
           
           Special
           Resolution
           Number 2:
           Revocation of
           Special
           Resolution
           Number 1             84 713 531      85.58%         98.20%         1.80%        0.00%

           Ordinary
           Resolution
           Number 1:
           Approval of the
           Clean Out
           Distribution         184 052 402     71.99%         99.34%         0.66%        0.00%

           Ordinary
           Resolution
           Number 2:
           Authority of
           Directors and/or
           the Company
           Secretary            184 052 402     71.99%         99.34%         0.66%        0.00%


          Notes:
          1. As a percentage of the total number of Shares in issue as at the date of the General Meeting
             (excluding Treasury Shares and Shares held by the Acquiring Parties and the Concert Parties) for
             Special Resolution Number 1 and Special Resolution Number 2, being 98 985 475 Shares. As a
             percentage of the total number of Shares in issue as at the date of the General Meeting (excluding
             Treasury Shares) for Ordinary Resolution Number 1 and Ordinary Resolution Number 2, being
             255 670 865 Shares.
          2. As a percentage of the total number of Shares voted at the General Meeting.
          3. The total number of Shares in issue as at the date of the General Meeting was 257 826 016 Shares,
             of which 2 155 151 were Treasury Shares.
          4. No resolutions were added or amended at the General Meeting.

3.     SCHEME CONDITIONS PRECEDENT

3.1.      The passing of the above Resolutions fulfils the Scheme Condition Precedent set out in
          paragraph 3.2.1.2 of the Circular.

3.2.      No Shareholder has exercised its Appraisal Rights. Accordingly, the Scheme Condition
          Precedent set out in paragraph 3.2.1.3 of the Circular has also been fulfilled.

3.3.      The Scheme remains subject to the remaining Scheme Conditions Precedent as set out in the
          Circular. Once these remaining Scheme Conditions have been fulfilled or waived (and subject
          to such occurring), a further announcement regarding the relevant dates for the
          implementation of the Scheme will be made.

4.     RESPONSIBILITY STATEMENTS

       The Independent Board and the Board, collectively and individually, accept full responsibility for
       the accuracy of the information contained in this announcement and certify that, to the best of
       their knowledge and belief, such information is true and the announcement does not omit any
       facts that would make any of the information false or misleading or would be likely to affect the
       importance of any information contained in this announcement.

Pretoria
21 November 2025

Corporate Advisor and Sponsor
Valeo Capital (Pty) Ltd

Legal Advisor
Webber Wentzel

Date: 21-11-2025 04:15:00
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