ELB GROUP LIMITED - Results of Meetings

Results of Meetings

ELB GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1930/002553/06)
ISIN: ZAE000035101
JSE Code: ELR
(“ELB” or “the Company”)


RESULTS OF MEETINGS


ANNUAL GENERAL MEETING

Shareholders are advised that at the Annual General Meeting of ELB shareholders held today, 23 November 2017,
the special and ordinary resolutions proposed thereat, were approved by the requisite majority of votes as set out
below.

The total number of ELB ordinary shares in issue is 32 518 579 shares of which 16 948 676 shares were voted at the
Annual General Meeting, representing 52%.

 Resolutions:                                    Shares voted               Votes        Vote for         Votes
                                                                        Abstained                        against
                                                 Number         % (1)       % (1)           % (2)          % (2)

 Ordinary resolution number 1.3:               15 241 126       46.87        5.21          56.64           43.36
 Re-appointment of KPMG, as external
 auditor, with Mr LP Fourie as the
 individual designated auditor.

 Re-election of directors:                     15 241 126       46.87        5.21         100.00            0.00
 Ordinary resolution number 1.4:
 Re-election of Mr AG Fletcher as an
 executive director.
 
 Ordinary resolution number 1.5:               16 935 226       52.08        0.00         100.00            0.00
 Re-election of Mr MV Ramollo as an
 executive director.

 Ordinary resolution number 1.6:               16 935 226       52.08        0.00          99.99            0.01
 Re-election of Mr IAR Thomson as an
 independent non-executive director.

 Ordinary resolution number 1.7:               16 935 226       52.08        0.00          99.99            0.01
 Re-election of Mr T de Bruyn as an
 independent non-executive director.

 Re-election of members of the Audit           16 935 226       52.08        0.00          99.99            0.01
 and Risk Committee:
 Ordinary resolution number 1.8:
 Re-election of Mr IAR Thomson as a
 member and the Chairman of the
 Audit and Risk Committee.

 Ordinary resolution number 1.9:               16 935 226       52.08        0.00          99.99            0.01
 Re-election of Dr JP Herselman as a
 member of the Audit and Risk
 Committee.
 Ordinary resolution number 1.10:              16 935 226       52.08        0.00          99.99            0.01
 Re-election of Mr T de Bruyn as a
 member of the Audit and Risk
 Committee.

 Advisory endorsement – non-binding            15 237 654       46.86        5.22         100.00            0.00
 advisory votes:
 Ordinary resolution number 1.11:
 Approval of the Company’s
 remuneration policy.

 Ordinary resolution number 1.12:              15 237 654       46.86        5.22         100.00            0.00
 Approval of the Company’s
 remuneration implementation report.

 Special resolution number 2.1:                16 930 226       52.06        0.02         100.00            0.00
 General authority to provide financial
 assistance to related and inter-related
 companies.

 Special resolution number 2.2:                16 935 154       52.08        0.00          94.50            5.50
 Approval of financial assistance in
 connection with the acquisition of
 shares, options or other securities.

 Special resolution number 2.3:                16 003 715       49.21        2.87         100.00            0.00
 Approval of non-executive directors’
 remuneration for the calendar year
 ending 31 December 2017.

 Special resolution number 2.4:                16 935 226       52.08        0.00         100.00            0.00
 General authority to repurchase the
 Company’s shares.

 Special resolution number 2.5:                16 931 754       52.07        0.01         100.00            0.00
 Adoption of the proposed
 amendments to the Company’s
 Memorandum of Incorporation

Notes:
1. As a percentage of total ordinary shares in issue.
2. As a percentage of shares voted.


GENERAL MEETING

Shareholders are advised that at the General Meeting of ELB shareholders held today, 23 November 2017, the
special and ordinary resolutions proposed thereat, were approved by the requisite majority of votes as set out
below.

The total number of ELB ordinary shares in issue is 32 518 579 shares of which 15 946 255 shares were voted at the
General Meeting, representing 49%.

 Resolutions:                                    Shares voted               Votes        Vote for         Votes
                                                                        Abstained                        against
                                                 Number         % (1)       % (1)           % (2)          % (2)

 Special resolution number 1                  15 945 805        49.04        0.00         100.00            0.00
 Specific authority to repurchase
 scheme shares from specific
 participants
 
 Special resolution number 2                  15 945 733        49.04        0.00         100.00            0.00
 Authority for any excess shares to be
 sold by the Share Trust to the
 Company

 Ordinary resolution number 1                 15 945 733        49.04        0.00         100.00            0.00
 Directors’ authorising resolution

 Notes:
 1. As a percentage of total ordinary shares in issue.
 2. As a percentage of shares voted.


Boksburg
23 November 2017

Sponsor
Questco Corporate Advisory (Proprietary) Limited

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