📢 CALBANK PLC — AGM RESOLUTIONS: WHAT IT MEANS FOR YOU Two big voting changes are up for approval. Here's the simple breakdown 🔹 RESOLUTION 2: How votes will be counted Old way: Chairperson could choose "show of hands"(1 person = 1 vote) or a poll (votes counted by shares). New way:Voting on all major issues MUST be done by poll — no more show of hands, except for minor things like adjourning a meeting. An independent registrar will oversee the count. 🔹 RESOLUTION 3: One share = one vote Every shareholder's vote will now be weighted strictly by how many shares they hold. Show-of-hands voting (where every person gets equal say, regardless of shares) is banned. 💡 PRACTICAL EXAMPLE CalBank has 4,233,901,522 total shares. Top 5 shareholders alone(SSNIT, Ges Occ Pension, Arise B.V., Petra Advantage, Scgn/Petra) hold about 88% combined. "Others"-likely thousands of small/retail investors — hold just 4.5%. 👉 Under the OLD show-of-hands system: If 50 retail investors showed up to a meeting, they could outvote 1 big institutional rep in the room, since each person =1 vote. 👉 Under the NEW poll system: Those same 50 retail investors, even if they all vote together, only control their actual 4.5% of shares — easily overruled by SSNIT's 34.76% alone. ⚖️ IMPACT ON SHAREHOLDERS ✅ Good for large/institutional shareholders—voting power now matches their real ownership stake, no risk of being outvoted by a crowd.