LIC Annual Meeting Results

CERTIFICATE OF RETURNING OFFICER AS TO VOTING


I, Melanie Tonkin, Governance and Representation Advisor, of Livestock Improvement Corporation Limited
(“Company”) hereby certify as follows:


1. I was authorised by the Board of the Company to receive and count postal, electronic and proxy votes
at the Annual Meeting of Shareholders of the Company held on Thursday 12 October 2023 (“Meeting”),
and to act as Returning Officer in relation to votes cast on a poll at the Meeting.

2. I appointed Link Market Services Limited (“Link”) to collect together all postal, electronic and proxy
votes received by or lodged with the Company in relation to the Meeting.

3. With respect to the postal and electronic votes and the votes cast by way of poll in relation to each
resolution to be voted on at the Meeting, Link, on my behalf has collected and counted:

(i) The number of Shareholders and their Shares voted in favour of the resolution and the
percentage that the votes in favour of the resolution represents of the total votes cast on the
resolution; and

(ii) The number of Shareholders and their Shares voted against the resolution and the percentage
that the votes against the resolution represents of the total votes cast on the resolution.


4. Attached are the results of the counts made as referred to above.


Dated the 12 October 2023





MJ Tonkin
Returning Officer

Annual Meeting of Shareholders – 12 October 2023
Postal Voting and Poll Voting Results
1. Approval of LIC Directors’ Remuneration


Total Shares voted in favour of the resolution
13,068,881
Total Shareholders voted in favour of the resolution
323
Percentage of votes in favour of the resolution 66.21%
Total Shares voted against the resolution 6,669759
Total Shareholders voted against the resolution 121
Percentage of votes against the resolution 33.79%

2. Approval of Shareholder Reference Group’s Remuneration


Total Shares voted in favour of the resolution
13,395,734
Total Shareholders voted in favour of the resolution
326
Percentage of votes in favour of the resolution 71.50%
Total Shares voted against the resolution 5,340,351
Total Shareholders voted against the resolution 120
Percentage of votes against the resolution 28.50%

3. Reappointment of external Auditor KPMG


Total Shares voted in favour of the resolution
18,322,874
Total Shareholders voted in favour of the resolution
429
Percentage of votes in favour of the resolution 90.01%
Total Shares voted against the resolution 2,034,139
Total Shareholders voted against the resolution 15
Percentage of votes against the resolution 9.99%

4. Election of one Elected Director for the North Island


Duncan Coull
7,165,944
Ken Hames
2,337,929
Mat Hocken 1,579,470
Richard Luxton 5,650,177

5. Election of one Elected Director for the South Island


Tony Miles
4,589,333
Victoria Trayner
5,968,002
Andrew Slater 752,652

6. Ratify Re-Appointment of Sophie Haslem as an Appointed Director


Total Shares voted in favour of the resolution 17,790,240
Total Shareholders voted in favour of the resolution 415
Percentage of votes in favour of the resolution
88.47%
Total Shares voted against the resolution 2,318,466
Total Shareholders voted against the resolution 32
Percentage of votes against the resolution 11.53%



7. Election of two Members of the Shareholder Reference Group for the Upper North Island
Territory (one vote per ptpt code)


Shaun Baxter 24
Mark Hooper 36
Thomas Read
14

8. Re-Election of Ian Brown to the Honoraria Committee (one vote per ptpt code)


Total Shares voted in favour of the resolution 478
Total Shareholders voted in favour of the resolution 350
Percentage of votes in favour of the resolution
95.79%
Total Shares voted against the resolution 21
Total Shareholders voted against the resolution 20
Percentage of votes against the resolution 4.21%

9. Re-Election of Gordon Glentworth to the Honoraria Committee (one vote per ptpt code)


Total Shares voted in favour of the resolution 474
Total Shareholders voted in favour of the resolution 342
Percentage of votes in favour of the resolution
95.18%
Total Shares voted against the resolution 24
Total Shareholders voted against the resolution 34
Percentage of votes against the resolution 4.82%

10. Delegations of Authority


Total Shares voted in favour of the resolution 19,454,190
Total Shareholders voted in favour of the resolution 425
Percentage of votes in favour of the resolution
97.49%
Total Shares voted against the resolution 499,858
Total Shareholders voted against the resolution 18
Percentage of votes against the resolution 2.51%


11. Governance amendments


Total Shares voted in favour of the resolution 18,205,040
Total Shareholders voted in favour of the resolution 418
Percentage of votes in favour of the resolution
92.19%
Total Shares voted against the resolution 1,542,455
Total Shareholders voted against the resolution 25
Percentage of votes against the resolution 7.81%


12. Administrative updates


Total Shares voted in favour of the resolution 19,388,768
Total Shareholders voted in favour of the resolution 422
Percentage of votes in favour of the resolution
96.41%
Total Shares voted against the resolution 721,157
Total Shareholders voted against the resolution 20
Percentage of votes against the resolution 3.59%


Note: Percentages based on votes cast in favour, votes cast against, abstentions cast and blank voting
forms returned.