Valterra Platinum (VAL) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with a welcome to both in-person and online participants, emphasizing safety and shareholder engagement.

• Notice of meeting published on 20 March 2025; quorum confirmed and meeting duly constituted.

Board and executive committee updates

• Introduction of board members, including new independent non-executive directors and executive committee.

• Board restructured for independence in anticipation of the demerger; new CFO and company secretary appointed.

• Ongoing review of board diversity and committee structures, aiming to meet JSE and LSE recommendations.

Key challenges and risks discussed

• Three work-related fatalities in 2024; commitment to zero harm and comprehensive safety reviews.

• Community concerns raised about tailings dam safety, environmental impacts, and forced relocations.

• Anxiety over proximity of tailings dams to villages and adequacy of emergency preparedness addressed.