Zeder Investments Ltd. (ZED) Earnings Call Transcript & Summary

Good morning. Welcome to the Zeder Annual General Meeting via electronic communication. My name is Chris Otto, and I will act as your Chairman of this meeting today. Since there is a quorum of shareholders present and proper notice of this meeting was given, I declare this meeting properly constituted. The notice convening this meeting was posted to shareholders on 19 June 2026, which I shall take as having been read. On the procedures, Zeder's shareholders or their representatives who are entitled to vote at this meeting had to follow the registration process detailed in the notice of this meeting. Following successful registration, the transfer secretary would have provided you with the details on how to access the meeting by means of electronic participation. Zeder's shareholders will be able to: one, view the resolutions; two, vote by selecting for, against or abstain in respect of each resolution; three, receive a pop-up message confirming that your vote has been received once your selection has been made; and finally, change your vote whilst the poll remains open. I will read the proposed resolutions in the same order as they appear in the notice of this meeting. Please select the Vote tab to cast your vote. The administrator will now open the voting via the website in order for the shareholder or the representative to vote at their leisure. After the resolutions have been tabled, there will be time for questions relating to the resolutions and the Social and Ethics report. whereafter the voting polls will be closed and voting results will be displayed. Time will also be allocated to Dries Mellet, the acting CEO of Zeder, to provide a brief update. On questions, any shareholder or guest who wish to ask a question can click on the Q&A tab and type your question at the bottom of the screen and press send. Alternatively, any shareholder or guest can phone the telephone number that was provided to them at the time of registering and make use of this dial-in facility. B, presentation of annual financial statements. Zeder's audited annual financial statements, remuneration report and Social and Ethics report as circulated together with the notice of this meeting are hereby presented to shareholders, which I take as having been read. C, Social and Ethics feedback. Zeder's detailed Social and Ethics and governance reports are available in the 2026 annual report. Zeder believes in conducting its business in a responsible manner with due regard for the potential impact thereof on the environment in which it operates at large. The Social and Ethics Committee is satisfied that it has fulfilled all its functions and that there were no instances of noncompliance to disclose. Furthermore, the committee is satisfied with the Social and Ethics aspect pertaining to the Zeder Group. I'll now proceed to the resolutions. One, we require your approval for the following ordinary resolutions. The Board confirms that it has conducted a fit and proper assessment of each director proposed for reelection, and it is satisfied that each director meets the required fit and proper criteria. Ordinary resolution #1: to reelect Mr. JH le Roux as Non-Executive Director. Please record your vote. Ordinary resolution #2: to reelect Mr. Wynand Greeff as a director. Please record your vote. Ordinary resolution #3: to reelect Mr. NS Mjoli-Mncube as director. Please record your vote. Ordinary resolution #4: to reappoint Shameema Cassiem as a member of the Audit and Risk Committee. Please record your vote. Ordinary resolution #5: to reappoint Chris Otto as a member of the Audit and Risk Committee. Please record your vote. Ordinary resolution #6: to reappoint Ms. NS Mjoli-Mncube as a member of the Audit and Risk Committee. Please record your vote. Ordinary resolution #7: to appoint Mr. Otto as a member of Social and Ethics Committee. Please record your vote. Ordinary resolution [indiscernible] Johannes Le Roux as a member of the Social and Ethics Committee. Please record your vote. Ordinary resolution #12: to reappoint Deloitte & Touche as external auditor. Please record your vote. Ordinary resolution #13: to approve Zeder's remuneration policy. Please record your vote. Ordinary resolution #14: to approve Zeder's remuneration report. Please record your vote. Then we require your approval for the following special resolutions. [Audio Gap]