Namibia Breweries Limited ("NBL" or "the company")

(Incorporated in the Republic of Namibia) (Registration number 1920/0002)

Share code: NBS

ISIN: NA0009114944

RESULTS OF GENERAL MEETING

NBL hereby announces that all ordinary resolutions tabled at the General Meeting ("GM") of shareholders held on Thursday, 28 April 2022, were passed by the requisite majority. There were no special resolutions tabled.

As at Friday, 22 April 2022, being the General Meeting record date ("Voting Record Date"), the total number of NBL ordinary shares in issue was 206 529 000 ("NBL Issued Ordinary Shares").

As stipulated in the Circular, issued on 25 March 2022, a total of 123 068 609 shares were excluded from voting at the General Meeting.

The NBL ordinary shares eligible to vote by being present through electronic communication or by submitting proxies were 83 460 391 ("Voting Shares") being 40.41% of the NBL Issued Ordinary Shares, as detailed in paragraph 6 of the Circular issued by NBL to shareholders on

25 March 2022. In total 65 971 929 of the Voting Shares voted by electronic communication or by submitting proxies, this represents 79.05% of the Voting Shares.

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

Resolutions proposed at the GM

Number of shares voted at

GM

Votes for resolution as a percentage of total number of shares voted at

GM

Votes against resolution as a percentage of total number of shares voted at

GM

Number of shares voted for resolution at GM as a percentage of Voting Shares *

Number of shares voted against resolution as a percentage of

Voting Shares *

Ordinary resolution number 1: Approval of the Distell Namibia Acquisition

65 971 929

95.25%

4.75%

75.29%

3.76%

Ordinary Resolution number 2: Authority Granted to Directors

65 709 929

95.23%

4.75%

74.97%

3.76%

* Refer to paragraph 6.2.2 of the Circular issued to NBL shareholders on 25 March 2022.

By order of the Board Windhoek

28 April 2022

Sponsor to Namibia Breweries Limited

PSG Wealth Management (Namibia) (Pty) Ltd Member of the Namibian Stock Exchange

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Namibia Breweries Ltd. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 13:12:47 UTC.