PROXY FORM


    This Proxy Form is for use by Members of the Association (“members”) at the
    Extraordinary General Meeting of the members (“Extraordinary General Meeting” or “EGM”) to
    be held physically and virtually on Tuesday, 18 August 2026 at 19:00.

    or failing him/her

    or failing him/her

    Attending


    As my/our proxy to attend, speak, and vote for me on my/our behalf, as
    indicated below at the EGM of the Association and any adjournment thereof:

    SPECIAL RESOLUTION 1: CLUBHOUSE UPGRADE - PARKING AND SOLAR

    Resolved as a special resolution that:

    1. The Association undertake the clubhouse external works comprising the
      parking, roads, stormwater and vehicle-circulation upgrades together
      with the solar photovoltaic plant and its supporting carport structure,
      in accordance with Site Development Plan D-100 Rev B, save for
      reasonable adjustments dictated by site conditions, at an estimated
      VAT-inclusive cost of R15,683,156.

    2. The Association is authorised to raise a loan not exceeding R15,683,156,
      on the best commercial terms reasonably available and at an interest
      rate not exceeding Prime + 2%, repayable over a term not exceeding
      10 years.

    3. An amount of R3,000,000 from the Clubhouse Redesign Capex reserve shall
      be applied to reduce the loan amount. If both this Resolution and Special
      Resolution 2 are approved, the R3,000,000 shall be allocated between the
      two loans in proportion to their respective capital amounts. If only one
      of Resolutions 1 and 2 is approved, the full R3,000,000 shall be applied
      to that loan.

    4. A special levy be imposed on all appropriate leviable stands to service
      the loan, at an amount not exceeding R133 per stand per month.

    5. Upon drawdown of the loan, the Road Rejuvenation Special Levy of R255
      per stand per month shall cease.

    6. The Board is authorised to procure the loan, appoint contractors and
      professionals, execute the loan agreement and all related documentation,
      and take all further steps reasonably necessary to give effect to this
      resolution.

    Vote:

    SPECIAL RESOLUTION 2: CLUBHOUSE UPGRADE - AMENITIES

    Resolved as a special resolution that:

    1. The Association undertake the Clubhouse Precinct amenities upgrade,
      comprising the competition bowling green, mini soccer pitch, relocation
      of the children's play area within the precinct, perimeter fencing and
      landscaping (including Viburnum hedging), in accordance with Site
      Development Plan D-100 Rev E, save for reasonable adjustments dictated
      by site conditions, at an estimated VAT-inclusive cost of R7,322,651.

    2. Should Special Resolution 2 be approved, Site Development Plan D-100
      Rev E will supersede Site Development Plan D-100 Rev B.

    3. The Association is authorised to raise a loan not exceeding R7,322,651,
      on the best commercial terms reasonably available and at an interest
      rate not exceeding Prime + 2%, repayable over a term not exceeding
      10 years.

    4. The R3,000,000 apportionment provided for in Special Resolution 1(c)
      applies equally to this resolution.

    5. A special levy be imposed on all appropriate leviable stands to service
      the loan, at an amount not exceeding R62 per stand per month.

    6. The Board is authorised to procure the loan, appoint contractors and
      professionals, execute the loan agreement and all related documentation,
      and take all further steps reasonably necessary to give effect to this
      resolution.

    Vote:

    SPECIAL RESOLUTION 3: WORKSHOP-SITE PROPERTY ACQUISITION

    Resolved as a special resolution that:

    1. The Association acquire Portion 1 and Portion 2 of Erf 225, Silver Lakes
      Golf Estate, at a total purchase consideration not exceeding R5,000,000,
      such acquisition being necessary to resolve the existing access
      servitude affecting the workshop yard and to secure long-term
      operational capacity for the estate's maintenance function.

    2. The Association is authorised to raise a loan not exceeding R5,000,000,
      on the best commercial terms reasonably available and at an interest
      rate not exceeding Prime + 2%, repayable over a term not exceeding
      10 years.

    3. A special levy be imposed on all appropriate leviable stands to service
      the loan, at an amount not exceeding R49 per stand per month.

    4. The Board is authorised to conclude the acquisition, procure the loan,
      execute all necessary agreements and take all further steps reasonably
      necessary to give effect to this resolution.

    5. Where two or more of Special Resolutions 1, 2 and 3 are approved, the
      Board may, in its discretion, consolidate the respective loans into a
      single facility for cost and administrative efficiency, provided the cap
      in each resolution continues to be observed. It is further resolved that,
      should all resolutions pass, the three capital amounts will be serviced
      by one loan.

    Vote:

    The proxy is authorised to vote on motions to amend and on motions so amended.

    The proxy is authorised to vote on additional motions proposed at the meeting.



    This Proxy Form is for use by Members of the Association (“members”) for the
    EGM as per Section 58 of the Companies Act 71 of 2008. Notice of the EGM was
    deemed to be given on 24 July 2026.



    Please ensure the Proxy Form is completed correctly with all the required
    attachments for the Proxy to remain valid.

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