VOTE NO AGM 2023 RESOLUTION 1-5...... NO, page-767

Personally, I have been concentrating my focus on laying out my reasoning for the NO vote, and getting this sentiment to the AGM.

I have been touching base and speaking to as many people as possible along the way, who like us are on this Sayona journey.

There has been arguments conveyed by both sides, with the vast majority agreeing Sayona needs change to move forward and prosper as a company.

To recap-

Res 1-The remuneration report is a joke, with the SP in the 52 week low range, little to no communication, a lack in clarity and vision, no offtake, a general lack of independance and the market's perceived pessimism toward our boards abilities.

Yet the Managing Director and Chief Executive Officer’s (CEO) base salary was increased by 109%
from $322,500 to $672,500.
• Executive Director and Chief Financial Officer’s (CFO) base salary was increased by 22% from
$285,741 to $347,500.Ah, no thanks...

Res 2 and 3 -For me, the re-election of Brown and appointment of Lucas, are a big no for the plethora of reasons previously mentioned. BIG NO.

Res 4- Then ANOTHER remuneration increase for the directors....NO

Res 5- The new constitution, which allows VR only meetings, degraded down to just audio if they choose(what is this the 1940's?)..with no directors to face the shareholders..ah, NO thanks...

So while I have been concentrating on the resolutions, one must also consider the possibility of this actually doing more than just sending a message.

The possibility of these resolutions actually ALL being voted down.....

And many of you have asked, 'So where to then?'

Where will this lead Sayona, and what will it do to my investment?

It is governed by a number of documents, including Sayona's Governance statement and constitution, and ASX publicly listed company rules.

So , I have been digging through these documents and getting some professional help along the way, and in my litigious view, if the NO vote succeeds, it will achieve the following-

1. It will hold existing directors accountable
2. It will force board renewal immediately.
3. It will encourage large shareholders to put forward quality nominees for the vacant director roles, who we vote on
4. It will bring in new board skills sets and foster constructive independant viewpoints
5. It will result in a more direct relationship between director pay and company results, ONLY rewarding strong performance.
6. It will prevent cliques and cronyism
7. It will represent the BEST opportunity to improve Sayona's performance
8. It will ensure the directors work in the best interest of Sayona and its shareholders, something that has arguably been lacking of late.

What are you voting against....what we are trying to stamp out?

1. Excessive director remuneration, which is not tied to company performance
2. Forcing shareholders to accept the board status quo. These positions are earned, they are not a right.
3. Against Increasing non-executive directors before they are replaced
4. The board holding VR meetings, and AVOIDING engaging with the investors in person at general meetings

This may be an underdog story, the proverbial David versus Goliath....

All we can do is try our best, help this process along and cast your vote.
So if you have not yet voted, please follow the process I have previously layed out and make your voice heard.
It's pretty quick and easy.

But I reckon we have a chance here.
A chance to help turn this around and get out of this rut we seem to be stuck in, this uncertain future.

The future, once upon a time looked very bright for Sayona.

Help us make it bright again....