STANDARD BANK GROUP LIMITED

Registration number 1969/017128/06

Incorporated in the Republic of South Africa

Website:www.standardbank.com/reporting

SHARE CODES

JSE and A2X share code: SBK

ISIN: ZAE000109815

NSX share code: SNB

SBKP ZAE000038881 (First preference shares)

SBPP ZAE000056339 (Second preference shares)

("Standard Bank Group" or "the Company")

Results of Annual General Meeting and Retirement of Directors

Standard Bank Group is pleased to advise its shareholders that all the ordinary and special resolutions proposed in the Notice of Annual General Meeting ("AGM") and tabled at the Company's AGM held at 10h00 today, Monday 10 June 2024, were passed by the requisite majority of votes cast by shareholders.

As at Friday, 31 May 2024, being the AGM record date ("Voting Record Date"), the Standard Bank Group's share capital was as follows:

- the total number of ordinary shares of 10 cents each ("Ordinary Shares") in issue was

  • 1 675 835 579, ("Standard Bank Issued Ordinary Shares"); and

  • the total number of non-redeemable preference shares of 1 cent each ("Preference Shares") in issue was 52 982 248, ("Standard Bank Issued Preference Shares").

The issued Ordinary and Preference Shares eligible to vote by being present in person or by submitting proxies were as follows:

  • 1 377 141 366 Ordinary Shares, being 82% of issued Ordinary Shares ("Standard Bank Voteable Ordinary Shares"); and
  • 10 872 889 Preference Shares, being 21% of the issued Preference Shares ("Standard Bank Voteable Preference Shares").

The voting details with respect to the proposed resolutions were as follows:

1. Ordinary Resolution - Re-election of directors

Directors

For (%)

Against (%)

Abstain

Total Votes

% of Issued

(%)*

Capital

1.1

Paul Cook

99.78%

0.22%

0.06%

1 365 336 822

81.47%

1.2 Martin Oduor-Otieno

99.73%

0.27%

0.06%

1 365 336 822

81.47%

1.3

Sola David-Borha

95.44%

4.56%

0.06%

1 365 336 822

81.47%

2. Ordinary Resolution - Re-election of Group Audit Committee members

Audit Committee Members

For (%)

Against (%)

Abstain

Total Votes

% of Issued

(%)*

Capital

2.1

Lwazi Bam

94.48%

5.52%

0.06%

1 365 336 822

81.47%

2.2

Trix Kennealy

98.05%

1.95%

0.06%

1 365 336 822

81.47%

2.3

Nomgando Matyumza

98.93%

1.07%

0.06%

1 365 336 822

81.47%

2.4 Martin Oduor-Otieno

99.74%

0.26%

0.07%

1 365 137 642

81.46%

3. Ordinary Resolution - Appointment of external auditors

For (%)

Against (%)

Abstain

Total Votes

% of Issued

(%)*

Capital

3.1

PricewaterhouseCoopers

95.57%

4.43%

0.04%

1 365 675 369

81.49%

Inc.

3.2

Ernst & Young Inc.

100%

0%

0.04%

1 365 675 369

81.49%

4. Ordinary Resolution - Placing of authorised but unissued non-redeemable preference shares under the control of the directors

For (%)

Against (%)

Abstain (%)*

Total Votes

% of Issued

Capital

97.92%

2.08%

0.06%

1 365 264 005

81.47%

5. Ordinary Resolution - Placing of authorised but unissued ordinary shares under the control of the directors

For (%)

Against (%)

Abstain (%)*

Total Votes

% of Issued

Capital

88.04%

11.96%

0.04%

1 365 675 571

81.49%

6. Ordinary Resolution - General authority to issue authorised but unissued ordinary shares for cash

For (%)

Against (%)

Abstain (%)*

Total Votes

% of Issued

Capital

89.22%

10.78%

0.04%

1 365 675 571

81.49%

7. Non-binding Resolutions - advisory vote on remuneration policy and remuneration implementation report

For (%)

Against (%)

Abstain

Total Votes

% of Issued

(%)*

Capital

7.1 Standard Bank Group's

89.92%

10.08%

0.04%

1 365 652 360

81.49%

remuneration policy

7.2 Standard Bank Group's

88.48%

11.52%

0.25%

1 362 075 689

81.28%

remuneration implementation

report

8. Special Resolution - Approval of non-executive directors' fees

For (%)

Against (%)

Abstain

Total Votes

% of Issued

(%)*

Capital

Standard Bank Group

8.1 Chairman

99.19%

0.81%

0.04%

1 365 621 460

81.49%

8.2 Directors of Standard

99.57%

0.43%

0.04%

1 365 621 460

81.49%

Bank Group

8.3 International Directors

94.68%

5.32%

0.04%

1 365 621 460

81.49%

8.4 Audit Committee

8.4.1 Chairman

99.91%

0.09%

0.04%

1 365 602 811

81.49%

8.4.2 Members

99.91%

0.09%

0.04%

1 365 623 691

81.49%

8.5 Directors' Affairs Committee

8.5.1 Members

99.91%

0.09%

0.04% 1 365 602 811

81.49%

8.6 Remuneration Committee

8.6.1 Chairman

99.91%

0.09%

0.04%

1 365 623 791

81.49%

8.6.2 Members

99.91%

0.09%

0.04%

1 365 623 791

81.49%

8.7 Risk & Capital Management Committee

8.7.1 Chairman

99.91%

0.09%

0.04%

1 365 623 791

81.49%

8.7.2 Members

99.91%

0.09%

0.04%

1 365 623 791

81.49%

8.8 Social, Ethics and Sustainability Committee

8.8.1 Chairman

99.89%

0.11%

0.04%

1 365 623 791

81.49%

8.8.2 Members

99.91%

0.09%

0.04%

1 365 623 791

81.49%

8.9 Information Technology Committee

8.9.1 Chairman

99.91%

0.09%

0.04%

1 365 623 791

81.49%

8.9.2 Members

99.91%

0.09%

0.04%

1 365 623 791

81.49%

8.10 Model Approval Committee

8.10.1 Chairman

99.91%

0.09%

0.04%

1 365 623 589

81.49%

8.10.2 Members

99.91%

0.09%

0.04%

1 365 623 589

81.49%

8.11 Large Exposure Credit Committee

Members

99.91%

0.09%

0.04% 1 365 623 589

81.49%

8.12 Ad Hoc Committee

Members

99.43%

0.57%

0.05% 1 365 424 409

81.48%

9. Special Resolution - General authority to acquire the Company's ordinary shares

% of

For (%)

Against (%)

Abstain (%)*

Total Votes

Issued

Capital

99.48%

0.52%

0.05%

1 365 497 288

81.48%

10. Special Resolution - General authority to acquire the Company's non-redeemable preference shares

Total Ordinary Shares voted

% of

For (%)

Against (%)

Abstain (%)*

Total Votes

Issued

Capital

99.88%

0.12%

0.05%

1 365 476 408

81.48%

Total Preference Shares voted

% of

For (%)

Against (%)

Abstain (%)*

Total Votes

Issued

Capital

100.00%

0.00%

0.01%

10 866 596

20.51%

In regard to resolution 10 (special resolution), the holders of Preference Shares were entitled to vote.

11. Special Resolution - Loans or other financial assistance to related or inter-related companies

% of

For (%)

Against (%)

Abstain (%)*

Total Votes

Issued

Capital

99.29%

0.71%

0.04%

1 365 675 369

81.49%

* Based on the total number of shares in issue.

Retirement of Directors

In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited and as previously announced on SENS on 18 April 2024, Standard Bank Group confirms that Dr Xueqing Guan and Atedo Peterside retired as directors at the close of the company's Annual General Meeting held today, Monday, 10 June 2024. The board extends its sincere gratitude to Dr Xueqing Guan and Atedo Peterside for their exemplary leadership and immense contribution during their tenure on the board and board committees they served on.

Dr Xueqing Guan and Atedo Peterside also retired from the board of The Standard Bank of South Africa Limited at the close of its AGM on 23 May 2024.

Johannesburg

10 June 2024

JSE sponsor

The Standard Bank of South Africa Limited

Namibian sponsor

Simonis Storm Securities (Proprietary) Limited

Attachments

Disclaimer

Standard Bank Group Ltd. published this content on 09 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 July 2024 09:37:08 UTC.