AGM, page-5

Great Shareholder convenience in the board

RESULTS OF ANNUAL GENERAL MEETING ("AGM")

Pensana is pleased to announce that at the AGM held earlier today all the ordinary and special resolutions that were put to a poll, as set out in the Notice of AGM dated 6 November 2020, were passed.

The total number of Pensana ordinary shares ("Shares") eligible to vote at the AGM is 203,095,822.

The total number of votes cast and the number of votes withheld in respect of each resolution and the number and percentage of votes for and against each resolution are as follows:

Ordinary Resolution 1:To receive and adopt the Company financial statements for the year ended 30 June 2020 together with the Report of the Directors and Auditors:

Votes cast Votes withheld For Against

79,636,046 660,724 79,625,146 (99.9%) 10,900 (0.01%)

Ordinary Resolution 2: To approve the Directors Remuneration Report:

Votes cast Votes withheld For Against

68,509,639 11,787,131 68,494,955 (99.98%) 14,684 (0.02%)

Ordinary Resolution 3: To elect Paul Atherley as a Director:

Votes cast Votes withheld For Against

71,213,068 9,083,702 71,210,238 (100%) 2,830 (0.00%)

Ordinary Resolution 4: To elect Tim George as a Director:

Votes cast Votes withheld For Against

80,290,145 6,625 80,280,099 (99.99%) 10,046 (0.01%)

Ordinary Resolution 5: To elect Mark Hohnen as a Director:

Votes cast Votes withheld For Against

80,280,145 16,625 80,270,099 (99.99%) 10,046 (0.01%)

Ordinary Resolution 6: To elect Neil Machlachlan as a Director:

Votes cast Votes withheld For Against

80,282,929 13,841 80,270,099 (99.98%) 12,830 (0.02%)

Ordinary Resolution 7: To elect Sandra Bates as a Director:

Votes cast Votes withheld For Against

79,973,429 323,341 79,970,645 (100.00%) 2,784 (0.00%)

Ordinary Resolution 8: To elect the Rt Hon Baroness Lindsay Northover PC as a Director:

Votes cast Votes withheld For Against

79,973,429 323,341 79,960,645 (99.98%) 12,784 (0.02%)

Ordinary Resolution 9: To re-appoint BDO LLP as Auditor of the Company:

Votes cast Votes withheld For Against

80,291,316 5,454 80,286,616 (99.99%) 4,700 (0.01%)

Ordinary Resolution 10: To authorise the Audit Committee to determine the remuneration of the Auditor:

Votes cast Votes withheld For Against

80,281,486 15,284 79,981,353 (99.63%) 300,133 (0.37%)

Ordinary Resolution 11: To ratify the Placement of 11,030,697 new shares:

Votes cast Votes withheld For Against

32,655,885 47,640,885 32,520,858 (99.59%) 135,027 (0.41%)

Ordinary Resolution 12: To ratify the Placement of 821,157 new shares:

Votes cast Votes withheld For Against

79,613,188 683,582 79,478,161 (99.83%) 135,027 (0.17%)

Ordinary Resolution 13: To ratify the Placement of 13,500,000 new shares:

Votes cast Votes withheld For Against

32,654,585 47,642,185 32,539,558 (99.65%) 115,027 (0.35%)

Ordinary Resolution 14: To authorise the directors to allot equity securities:

Votes cast Votes withheld For Against

79,552,341 744,429 79,459,914 (99.88%) 92,427 (0.12%)

Ordinary Resolution 15: To approve the allotment and issue of shares (or CDIs) under the Placement Facility:

Votes cast Votes withheld For Against

79,622,446 674,324 79,530,019 (99.88%) 92,427 (0.12%)

Ordinary Resolution 16: To approve 10% Placement Facility:

Votes cast Votes withheld For Against

79,622,400 674,370 79,529,973 (99.88%) 92,427 (0.12%)

Special Resolution 17: To disapply pre-emption rights:

Votes cast Votes withheld For Against

79,540,943 755,827 79,173,594 (99.54%) 367,349 (0.46%)

Special Resolution 18: To approve the market purchase of shares:

Votes cast Votes withheld For Against

80,287,158 9,612 80,234,925 (99.93%) 52,233 (0.07%)

Special Resolution 19: To reduce General Meetings notice period:

Votes cast Votes withheld For Against

79,603,576 693,194 79,243,211 (99.55%) 360,365 (0.45%)