African Sun : Results of AGM

(Incorporated in Zimbabwe on 2 July 1971 under Company Registration Number 643/71)

N O T I C E T O S H A R E H O L D E R S

RESULTS OF THE FIFTIETH ANNUAL GENERAL MEETING

Please be advised that the fiftieth (50th) Annual General Meeting (AGM) of Shareholders of African Sun Limited was held in the Kariba Room at Holiday Inn Harare, Corner 5th Street and Samora Machel Avenue, Harare on Wednesday, 29 June 2022 at 1200 hours and the results were as follows;

RESOLUTION	RESULTS
ORDINARY BUSINESS

1. Statutory Financial Statements

	To receive and adopt the Financial Statements for the year ended 31 December 2021, together with the report	PASSED
	of the Directors and Auditors thereon.
2.	Dividend
	To confirm the final dividend of 0.0815947 per share (amounting to ZWL117, 967,369 (One hundred and	PASSED
	seventeen million nine hundred and sixty-seven thousand three hundred and sixty-nine Zimbabwean
	Dollars) plus an additional USD0.0003548 per share (amounting to USD512, 960 (Five hundred and
	twelve thousand nine hundred and sixty United States dollars) for the year ended 31 December 2021 as
	recommended by the Board.
3.	Appointment of Directors
	To re-appoint all the Non-Executive Directors who offered themselves for re-election pursuant to the	PASSED
	Company's Articles of Association by separate resolutions. These were, Dr. E A Fundira, Mrs. G. Chikomo, Mr. C.
	Chikosi, Mr. B.I. Childs, Mr. V.W. Lapham, Mr. L. M. Mhishi, Mrs. S.M. Denga and Mr. A.E. Siyavora.
4.	Independent Auditors Remuneration
	To approve the remuneration of the Auditors for the year ended 31 December 2021.	PASSED

4.1 Independent Auditors Retirement

To note the retirement of Deloitte and Touche (Zimbabwe) as independent auditors for the Company.

PASSED

4.2 Appointment of Independent Auditors

	To approve that the directors be hereby empowered to do all things necessary regarding the selection,	PASSED
	appointment and remuneration of a new auditor, subject to these actions being ratified at the next AGM of
	the Company.
4.3	Approval for selected Independent Auditor to hold office

To approve that the selected auditor may hold office until the conclusion of the next AGM of the Company.

PASSED

5. Director's Fees

To approve the Directors fees for the year ended 31 December 2021.

PASSED

SPECIAL BUSINESS

6. Adoption and substitution of a new Memorandum and Articles of Association of the Company

To resolve as a special resolution, the adoption and substitution of a new Memorandum and Articles of	PASSED
Association for the Company compliant with the requirements of the Companies and Other Business Entities
Act [Chapter 24:31] and the new Zimbabwe Stock Exchange (ZSE) Listings Requirements [Statutory Instrument
134 of 2019].
By Order of the Board
V T Musimbe
Company Secretary
Registered Office
African Sun Limited
Monomotapa Harare
54 Parklane,
Harare,
Zimbabwe
30 June 2022

Directors:

E. A. Fundira (Chairman), P. Saungweme (Chief Executive Officer)*, N. Mutizwa (Chief Finance Officer)*, G. Chikomo, C. Chikosi,

B. Childs, V.W. Lapham, L.M. Mhishi, T. M. Ngwenya, A.E. Siyavora. * Executive