Botswana Insurance : RESULTS OF THE THIRTY FIRST ANNUAL GENERAL MEETING OF SHAREHOLDERS HELD AT THE BOTSWANA LIFE INSURANCE LIMITED BOARDROOM, PLOT 66458, BLOCK A, 2ND FLOOR, FAIRGROUNDS OFFICE PARK, GABORONE, BOTSWANA AT 16H00 ON 30 JUNE 2023

Resolutions

Votes disclosed in

Votes

Votes disclosed in relation to the total number

percentage in relation to

disclosed in

of shares in issue*

the number of shares

percentage

voted at the meeting

in relation to

the total

number of

shares in

issue*

In Favor

Against

Abstain

Ordinary resolution 1

To present, consider and adopt

100%

0%

0%

258,668,337

91.61%

the

BIHL

annual

financial

statements for the year ended

31 December 2022, that have

been

distributed

to

shareholders

as

required,

including

the

consolidated

audited financial statements for

the

company

and

its

subsidiaries, as well as the

auditor's and directors' reports

Ordinary resolution 2

To

approve

the

dividends

100%

0%

0%

258,668,337

91.61%

declared by the directors on

the 17th of August 2022 and the

1st of March 2023

Ordinary resolution 3.1

To re-elect Mr Nigel Suliaman

100%

0%

0%

258,668,337

91.61%

who retires by rotation in

terms of Article 19 of the

Constitution of the Company,

being eligible and offering

himself for re-election.

Ordinary resolution 3.2

To re-elect Mr Robert

100%

0%

0%

258,668,337

91.61%

Dommisse who retires by

rotation in terms of Article 19

of the Constitution of the

Company, being eligible and

offering himself for re-election

Ordinary resolution 3.3

To re-elect Lieutenant General

81.18%

18.82%

0%

209,974,082

74.36%

Tebogo Masire who retires by

rotation in terms of Article 19

of the Constitution of the

Company, being eligible and

offering himself for re-election.

Ordinary resolution 4

To note the total amount of

91.89%

0%

7.43%

237,699,662

84.18%

non-executive directors' and

executive directors'

remuneration for the financial

year ended

31 December 2022. Directors'

remuneration is set out in the

BIHL 2022 integrated annual

report: executive directors on

page 86

and non-executive directors on

page 87

Ordinary resolution 5

To approve the remuneration

100%

0%

0%

258,668,337

91.61%

of the auditor for the year

ended 31 December 2022.

Ordinary resolution 6

To appoint

100%

0%

0%

258,668,337

91.61%

PricewaterhouseCoopers as

nominated by the company's

audit and risk committee, as

the independent auditor of the

company

to hold office until the

conclusion of the next AGM of

the company.