Results of Annual General Meeting

Balwin Properties Limited
(Incorporated in the Republic of South Africa)
Registration number 2003/028851/06
Share code: BWN
ISIN: ZAE000209532
("Balwin" or "the Company")


RESULTS OF ANNUAL GENERAL MEETING

Balwin shareholders are advised that at the annual general meeting of shareholders held on
Wednesday, 27 August 2025 at 09h00 ("AGM"), all ordinary and special resolutions as set out in the
notice of AGM dated Monday, 12 May 2025, were approved by the requisite majority of
shareholders present or represented by proxy.

In this regard, Balwin confirms the voting statistics from the AGM as follows:

                                                                                    %             Number
Total number of shares that could be voted at the AGM ("Total Shares")           100%        519,411,852
Total number of shares present/represented including proxies at the            74.92%        389,148,940
AGM ("Voted Shares")
Total number of members present/represented including proxies                                         15


                                        Votes in                     Votes
                                       favour(*)         %      against(*)          %    Abstentions(**)        %                                                    
Ordinary resolution 1: Re-
election of Hilton Saven as
an independent non-                  386,610,395    99.39%       2,386,642      0.61%            151,903    0.03%
executive director

Ordinary resolution 2: Re-
election of Tomi Amosun
as an independent non-               386,390,106    99.33%       2,606,931      0.67%            151,903    0.03%
executive director

Ordinary resolution 3: Re-
election of Julian Scher as          388,253,308    99.81%         743,729      0.19%            151,903    0.03%
a non-executive director

Ordinary resolution 4: Re-
appointment of the
auditors (BDO South
Africa Incorporated and              388,942,652    99.99%          54,385      0.01%            151,903    0.03%
designated audit partner,
Vianca Pretorius)

Ordinary resolution 5: Re-
election of Tomi Amosun
as a member of the audit             388,942,652    99.99%          54,385      0.01%            151,903    0.03%
and risk committee

Ordinary resolution 6: Re-
election of Arnold Shapiro
as a member of the audit             386,390,106    99.33%       2,606,931      0.67%            151,903    0.03%
and risk committee

Ordinary resolution 7: Re-
election of Keneilwe
Moloko as a member of                388,162,608    99.79%         834,429      0.21%            151,903    0.03%
the audit and risk
committee

Ordinary resolution 8:
Election of Thoko Mokgosi-
Mwantembe as a
member of the social,                386,988,750    99.48%       2,008,287      0.52%            151,903    0.03%
ethics and transformation
committee

Ordinary resolution 9:
Election of Hilton Saven as
a member of the social,              385,921,051    99.21%       3,075,986      0.79%            151,903    0.03%
ethics and transformation
committee

Ordinary resolution 10:
Election of Keneilwe
Moloko as a member of                388,162,608    99.79%         834,429      0.21%            151,903    0.03%
the social, ethics and
transformation committee

Ordinary resolution 11:
Election of Stephen
Brookes as a member of               388,942,652    99.99%          54,385      0.01%            151,903    0.03%
the social, ethics and
transformation committee

Ordinary resolution 12:
Election of Jonathan
Bigham as a member of                388,942,652    99.99%          54,385      0.01%            151,903    0.03%
the social, ethics and
transformation committee

Ordinary resolution 13.1
Endorsement of                       385,982,897    99.23%       3,014,140      0.77%            151,903    0.03%
remuneration policy

Ordinary resolution 13.2
Endorsement of the                   386,073,597    99.25%       2,923,440      0.75%            151,903    0.03%
implementation report

Ordinary resolution 14:
Authority to directors to            389,037,002    99.99%          55,385      0.01%             56,553    0.01%
implement resolutions

Ordinary resolution 15:
General authority to issue           325,769,175    83.75%      63,227,862      16.25%           151,903    0.03%
shares for cash

Special resolution 1:
Remuneration of non-                 386,299,406    99.31%       2,697,631      0.69%            151,903    0.03%
executive directors

Special resolution 2:
Financial assistance to
related and inter-related            388,252,308    99.81%         744,729      0.19%            151,903    0.03%
companies

Special resolution 3:
Authority to repurchase              386,168,947    99.25%       2,923,440      0.75%             56,553    0.01%
shares by the company

(*)    Votes cast disclosed as a percentage of the total number of shares voted at the meeting.
(**)   Abstentions are represented as a percentage of total issued ordinary shares.


Corlett Drive
27 August 2025

Sponsor
Investec Bank Limited

Date: 27-08-2025 05:16:00
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