Bushveld Minerals Regulatory News (BMN)

No.

ORDINARY RESOLUTIONS

VOTES

IN FAVOUR

AGAINST

WITHHELD

1

To receive and adopt the Annual Financial Statements of the Company and the Directors report and the report of the Auditors for the financial year ended 31 December 2020.

215,800,827

46 917

465 650

2

To approve the Directors Fees as reflected in Remuneration Report and in Note 35 of the Annual Financial Statements.

112,093,663

83,495,345

20,724,386

3

That Messrs RSM UK Audit LLP be reappointed as Auditors to the Company.

210,772,584

5,059,449

481,361

4

That the Directors be authorised to approve the remuneration of the Company's Auditors to the Company

184,609,536

31,208,208

495,650

5

That Anthony Viljoen shall be re-elected as a Director, having retired by rotation and offered himself for re-election.

184,543,956

31,736,892

32,546

6

That Michael Kirkwood shall be re-elected as a Director, having retired by rotation and offered himself for re-election.

182,683,621

33,297,227

332,546

7

The Company be generally and unconditionally authorised for the purposes of Articles 50.3 of the Articles to make on market acquisitions (as defined in Article 50.5 of the Articles) of Ordinary Shares on such terms and in such manner as the Directors determine provided that:

(i) the maximum aggregate number of Ordinary shares which may be purchased is 119,156,154 Ordinary Shares;

(ii) the minimum price (excluding expenses) which may be paid for each Ordinary share is £0.01;

(iii) the maximum price (excluding expenses) which may be paid for any Ordinary Share does not exceed 105 per cent of the average closing price of such shares for the 5 business days of AIM prior to the date of purchase; and

(iv) this authority shall expire at the conclusion of the next Annual General Meeting of the Company unless such authority is renewed prior to that time (except in relation the purchase of Ordinary Shares the contract for which was concluded before the expiry of such authority, in which case such purchase may be concluded wholly or partly after such expiry).

141,968,405

74,313,007

31,982

8

The Directors of the Company be and are hereby authorised to exercise all powers of the Company to issue, grant rights to subscribe for, or to convert any securities into, up 397,187,181 shares (together "Equity Securities") in the capital of the Company being approximately one third of the issued share capital of the Company (excluding treasury shares) in accordance with Article 8.3 of the Articles of Incorporation of the Company such authority to expire, unless previously renewed, revoked or varied by the Company by ordinary resolution, at the end of the next Annual General Meeting of the Company or, if earlier, at the close of business on the date falling 15 months from the date of the passing of this Resolution, but in each case, during this period the Company may make offers, and enter into agreements, which would, or might, require Equity Securities to be issued or granted after the authority given to the Directors of the Company pursuant to this Resolution ends and the Directors of the Company may issue or grant Equity Securities under any such offer or agreement as if the authority given to the Directors of the Company pursuant to this Resolution had not ended. This Resolution is in substitution for all unexercised authorities previously granted to the Directors of the Company to issue or grant Equity Securities; and

135,151,861

79,990,646

1,170,887

 SPECIAL RESOLUTION

9

If Resolution 8 is passed, the Directors of the Company be, and they are hereby authorised to exercise all powers of the Company to issue

or grant Equity Securities in the capital of the Company pursuant to the issue or grant referred to in Resolution 8 as if the pre-emption rights contained in Article 9.9 of the Articles of Incorporation of the Company did not apply to such issue or grant provided that: (A) the maximum aggregate number of Equity Securities that may be issued or granted under this authority is 119,156,154 shares, being approximately 10.0 per cent of the issued share capital of the Company (excluding treasury shares); and (B) the authority hereby conferred, unless previously renewed,

revoked or varied by the Company by special resolution, shall expire at the end of the next Annual General Meeting of the Company or, if earlier, at the close of business on the date falling 15 months from the date of the passing of this Resolution, save that the Company may before such expiry make an offer or agreement which would or might require Equity Securities to be issued or granted after such expiry and the Directors may issue or grant Equity Securities in pursuance of such an offer or agreement as if the authority conferred by the above resolution had not expired. This Resolution is in substitution for all unexercised authorities previously granted to the Directors of the Company to issue or grant Equity Securities in the capital of the Company as if the pre-emption rights contained in Article 9.9 of the Articles of Incorporation of the Company did not apply to such issue or grant.

135,066,664

80,075,843

1,170,887

Bushveld Minerals

+27 (0) 11 268 6555

Fortune Mojapelo, Chief Executive Officer

Chika Edeh, Head of Investor Relations

SP Angel Corporate Finance LLP

Nominated Adviser & Broker

+44 (0) 20 3470 0470

Richard Morrison / Charlie Bouverat

Grant Baker / Richard Parlons

Peel Hunt Limited

Joint Broker

+44 (0) 20 7418 8900

Ross Allister / Alexander Allen

Tavistock

Financial PR

+44 (0) 20 7920 3150

Gareth Tredway / Tara Vivian-Neal