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Results of the 92nd Annual General Meeting
Mr Price Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004418/06)
ISIN: ZAE000200457
LEI number: 378900D3417C35C5D733
JSE and A2X Share Code: MRP
("Mr Price Group" or "the Group")
RESULTS OF THE 92nd ANNUAL GENERAL MEETING
Shareholders are advised that, at the Mr Price Group Annual General Meeting ("AGM") held yesterday, Wednesday, 27 August 2025, ordinary resolutions 1 – 9, non-binding
advisory resolutions 10 and 11, and special resolutions 1 – 3, as set out in the notice of AGM dated 18 June 2025 were passed by the requisite majority of votes of
shareholders present in person or represented by proxy.
The total number of shares present or represented, including by proxy, at the AGM was 73.83% of the Group's issued share capital* as at Friday 22 August 2025, being the
AGM voting record date. The voting results were as follows:
Votes cast as a Votes cast as a % of the Shares voted as Shares abstained
combined % of number of shares voted at Number of shares a % of issued as a % of issued
the total number the meeting voted share capital* share capital*
of shares voted Ordinary shares ("Ord") Ordinary shares Ordinary shares
(Ordinary shares B ordinary shares ("B Ord") ("Ord") ("Ord")
Resolutions and B ordinary B ordinary B ordinary shares
shares) at the shares ("B Ord") ("B Ord")
meeting
For Against For Against
Ordinary resolution 1 - Adoption of the annual 100.00 0.00 100.00 Ord 0.00 Ord 190,500,614 Ord 73.33 Ord 0.12 Ord
financial statements 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
Ordinary resolutions 2.1 and 2.2 - Re-election of
directors retiring by rotation
66.88 33.12 58.97 Ord 41.03 190,500,158 Ord 73.33 Ord 0.12 Ord
2.1 Nigel Payne 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
99.76 0.24 99.70 Ord 0.30 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
2.2 Harish Ramsumer 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
Ordinary resolution 3 – Re-election of 98.62 1.38 98.29 Ord 1.71 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
independent auditor 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
Ordinary resolutions 4.1 to 4.3 - Election of
members of the Audit & Compliance Committee
99.78 0.22 99.72 Ord 0.28 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
4.1 Harish Ramsumer 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
99.19 0.81 99.0 Ord 1.00 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
4.2 Mark Bowman 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
99.91 0.09 99.88 Ord 0.12 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
4.3 Refilwe Nkabinde 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
Ordinary resolutions 5.1 to 5.3 - Election of
members of the Social, Ethics, Transformation &
Sustainability Committee
99.90 0.10 99.87 Ord 0.13 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
5.1 Lucia Swartz 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
99.90 0.10 99.88 Ord 0.12 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
5.2 Jane Canny 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
99.87 0.13 99.84 Ord 0.16 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
5.3 Mark Blair 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
Ordinary resolution 6 - Adoption of the Social, 100.00 0.00 100.00 Ord 0.00 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
Ethics, Transformation & Sustainability Committee 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
report
99.98 0.02 99.97 Ord 0.03 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
Ordinary resolution 7 - Signature of documents 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
Ordinary resolution 8 – General issue of shares 91.36 8.64 89.24 Ord 10.76 Ord 185,158,258 Ord 71.27 Ord 0.12 Ord
for cash 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
Ordinary resolution 9 - Control of unissued shares 94.18 5.82 92.80 Ord 7.20 Ord 190,500,614 Ord 73.33 Ord 0.12 Ord
(excluding issues for cash) 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
Resolution 10 - Non-binding advisory vote on the 79.06 20.94 74.06 Ord 25.94 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
remuneration policy** (see commentary below) 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
Resolution 11 - Non-binding advisory vote on the 78.61 21.39 73.49 Ord 26.51 Ord 190,182,597 Ord 73.21 Ord 0.25 Ord
remuneration implementation report** 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
(see commentary below)
Special resolutions 1.1 to 1.11 - Non-executive
director remuneration:
1.1 Independent non-executive chair of the 98.53 1.47 98.17 Ord 1.83 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
board 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
96.98 3.02 96.26 Ord 3.74 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
1.2 Honorary chair of the board 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
1.3 Lead independent non-executive director 99.74 0.26 99.68 Ord 0.32 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
of the board 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
1.4 Non-executive directors 99.77 0.23 99.71 Ord 0.29 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
1.5 Audit and Compliance Committee chair – 99.85 0.15 99.82 Ord 0.18 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
99.85 0.15 99.82 Ord 0.18 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
1.6 Audit and Compliance Committee members 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
1.7 Remuneration and Nominations Committee 99.85 0.15 99.82 Ord 0.18 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
chair 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
1.8 Remuneration and Nominations Committee 99.85 0.15 99.82 Ord 0.18 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
members 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
1.9 Social, Ethics, Transformation & 99.85 0.15 99.82 Ord 0.18 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
Sustainability Committee chair 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
1.10 Social, Ethics, Transformation & 99.85 0.15 99.82 Ord 0.18 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
Sustainability Committee members 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
99.85 0.15 99.82 Ord 0.18 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
1.11 Risk and IT Committee members 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
Special resolution 2 – General authority to 98.14 1.86 97.68 Ord 2.32 Ord 185,131,542 Ord 71.26 Ord 0.13 Ord
repurchase shares 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
Special resolution 3 - Financial assistance to 99.78 0.22 99.72 Ord 0.28 Ord 190,500,158 Ord 73.33 Ord 0.12 Ord
related or inter-related companies 100.00 B Ord 0.00 B Ord 3,791,674 B Ord 99.99 B Ord 0.00 B Ord
* The total issued share capital as at the AGM voting record date was 259 792 408 ordinary shares and 3 791 874 B-ordinary shares
** Ahead of the AGM, the Group sent communication to its top 25 shareholders and released a SENS on 11 August 2025 inviting all shareholders to engage on the resolutions
proposed at the AGM. Through this process the chairs of the Group's Board of directors, Remuneration & Nominations committee, Social, Ethics, Transformation and
Sustainability committee, as well as management representatives, actively engaged with shareholders representing over 50% of its ordinary shares. The Group appreciates
the constructive feedback from shareholders and the continued support for the remuneration policy which indicates a favourable shareholder view of the Group's general
remuneration philosophy. The Group is particularly pleased by the meaningful increase in shareholder support for implementation of its remuneration policy in the FY2025
period, with ordinary shareholder votes increasing to just less than 74% (from just below 42% last year). This is a result of continued positive engagements with shareholders
and consistent and transparent implementation of policy.
Notwithstanding the engagement already held and the considered improvement in shareholder votes on implementation, and as required by the JSE Listings Requirements,
shareholders are again invited to advise the Group of their reasons for their dissenting votes on the remuneration policy and/or the implementation thereof, and whether they
wish to engage with the Group on these issues. Correspondence in this regard should be addressed by email to the Group's Head of Investor Relations, Matt Warriner
(klechman@mrpricegroup.com), by 30 September 2025. Thereafter the date and time for further engagements will be scheduled with shareholders individually.
Durban
28 August 2025
JSE Equity Sponsor and Corporate Broker
Investec Bank Limited
Date: 28-08-2025 07:05:00
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