Econet Wireless Zimbabwe : 2022 AGM Results

ECONET WIRELESS ZIMBABWE LIMITED

(Incorporated in Zimbabwe on 4 August 1998 under Company registration number 7548/98)

ZSE alpha code: ECO ISIN: ZW 000 901 212 2

RESULTS OF ANNUAL GENERAL MEETING

Announcement of the Results of Voting at the Twenty-fourth Annual General Meeting of the members of Econet Wireless Zimbabwe Limited held on Wednesday 31 August 2022.

Shareholders are advised that the results of voting at the Twenty-fourth Annual General Meeting of the Company held on Wednesday 31 August 2022 are as follows:

RESOLUTION	RESULTS
1.	As an Ordinary Resolution - Adoption of Financial Statements for the year ended
	28 February 2022	PASSED
	To receive and adopt the financial statements for the year ended 28 February 2022 together with
	the reports of the Directors and auditors thereon.
2.	As an Ordinary Resolution - Dividend	PASSED
	To approve the following dividend paid during the year in respect of the financial year ended 28
	February 2022;

• 60 ZW cents per share amounting to ZW$ 1.5 billion.

3. As an Ordinary Resolution - Election of Directors

3.1	To re-elect Dr J Myers as a Director of the Company.	PASSED
	In accordance with Article 81 of the Company's Articles of Association they retire by rotation at
	the Company's Annual General Meeting and, being eligible, offer themselves for re-election. Each
	Director shall be separately elected.
3.2	To re-elect Mr H Pemhiwa as a Director of the Company.	PASSED
	In accordance with Article 81 of the Company's Articles of Association they retire by rotation at
	the Company's Annual General Meeting and, being eligible, offer themselves for re-election. Each
	Director shall be separately elected.
3.3	To re-elect Dr D Mboweni as a Director of the Company.	PASSED
	In accordance with Article 81 of the Company's Articles of Association they retire by rotation at
	the Company's Annual General Meeting and, being eligible, offer themselves for re-election. Each
	Director shall be separately elected.
3.4	To elect Miss E T Masiyiwa as a Director of the Company. Miss Masiyiwa was appointed to the	PASSED
	Board in between Annual General Meetings. In terms of Article 89.2, she retires and offers herself
	for election by the members. Her CV can be found on this link; https://ewzinvestor.com
4.	As an Ordinary Resolution - Directors' Remuneration	PASSED
	To approve the fees paid to the Directors for the year ended 28 February 2022.
5.	As an Ordinary Resolution - Auditors	PASSED

1. To approve the auditors' remuneration for the previous year.
2. To note the retirement of Deloitte & Touche as auditors of the Company and confirm the appointment of BDO Zimbabwe Chartered Accountants as auditors of the Company until the next Annual General Meeting.

6.	As Special Business - Special Resolution - Renewal of Share Buy-back Authority
	To consider, and if thought fit, to adopt, with or without amendment, the following resolution:	PASSED
	As a Special Resolution: "That the Company, as duly authorized by Article 10 of its Articles of
	Association, may undertake the purchase of its own ordinary shares in such manner or on such
	terms as the Directors may from time to time determine, provided that the repurchases are
	not made at a price greater than 5% above the weighted average of the market value for the
	securities for the five business days immediately preceding the date of the repurchase and also
	provided that the maximum number of shares authorized to be acquired shall not exceed 10%
	(ten percent) of the Company's issued ordinary share capital.
	That this authority shall expire at the next Annual General Meeting and shall not exceed beyond
	15 months from the date of this resolution".

By order of the Board of Directors

C.A. Banda

Group Company Secretary

1 September 2022

Registered Office:	Registrars and Transfer Secretaries:
Econet Park, 2 Old Mutare Road	First Transfer Secretaries (Private) Limited
Msasa, Harare, Zimbabwe.	1 Armagh Avenue, Eastlea
E-mail: [e-mail]	Harare, Zimbabwe

Directors:

Dr. J. Myers (Chairman)*, Dr. D. Mboweni (Chief Executive Officer), Mr. R. Chimanikire (Deputy Chief Executive Officer),

Dr. J. Chimhanzi*, Mr. M. Edge*, Mr. M. Gasela*, Mr. G. Gomwe*, Miss E.T. Masiyiwa, Ms. B. Mtetwa*, Ms T. Moyo*, Mr. H. Pemhiwa*.

*Non Executive

Inspired to change your world