LABAT AFRICA LIMITED - Results of annual general meeting

Results of annual general meeting

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat” or “the Company”)
ISIN Code: ZAE 000018354 Share code: LAB


RESULTS OF ANNUAL GENERAL MEETING (“AGM”)


Further to the announcement released on SENS on 29 February 2016, shareholders are advised that at the
AGM of Labat held on 26 April 2016, convened in terms of the notice of AGM contained in the Annual Report,
the voting information is as follows:

Number of ordinary shares represented at the meeting                                           119 078 016
Total issued number of ordinary shares                                                         259 202 297
Percentage of ordinary shares represented at the meeting                                          45,940%

The resolutions proposed at the general meeting, together with the percentage of votes carried for and
against each resolution, are set out below:

                                                                     Number of votes
                                                          For      Against          Abstain     Total Votes
                                                           %            %      (% of issued      (excluding
                                                                             share capital)    abstentions)
 Ordinary Resolution Number 1 –                   119 075 016            0           3 000      119 072 016
 Approval of Financial Statements                   (100.00%)      (0.00%)        (0.001%)

 Ordinary Resolution Number 2 –                   119 075 016            0           3 000      119 072 016
 Re-appointment of Auditors                         (100.00%)      (0.00%)        (0.001%)

 Ordinary Resolution Number 3 –                   119 075 016            0           3 000      119 072 016
 Director retirement and re-election (Mr D          (100.00%)      (0.00%)        (0.001%)
 Asmal)

 Ordinary Resolution Number 4 –                   119 075 016            0          3 000      119 072 016
 Re-appointment of Audit Committee                  (100.00%)      (0.00%)        (0.001%)
 member – Mrs R Majiedt

 Ordinary Resolution Number 5 –                   119 075 016            0          3 000      119 072 016
 Re-appointment of Audit Committee                  (100.00%)      (0.00%)       (0.001%)
 member – Mr B Jacobs

 Ordinary Resolution Number 6 –                   119 075 016            0          3 000      119 072 016
 e-appointment of Audit Committee                   (100.00%)      (0.00%)       (0.001%)
 member – Mr D Asmal
 Ordinary Resolution Number 7 –                  108 240 330   10 834 686           3 000      119 072 016
 Approval of non-binding Remuneration              (90.901%)     (9.099%)        (0.001%)
 Policy

 Ordinary resolution Number 8 -                  108 240 330   10 834 686           3 000      119 072 016
 General authority to issue shares for cash        (90.901%)     (9.099%)        (0.001%)

 Special Resolution Number 1 –                   119 075 016            0           3 000      119 072 016
 Non-Executive Directors’ Remuneration             (100.00%)      (0.00%)        (0.001%)

 Special Resolution Number 2 –                   119 075 016            0           3 000      119 072 016
 General authority to enter into funding           (100.00%)      (0.00%)        (0.001%)
 agreements, provide loans or other
 financial assistance

 Special Resolution Number 3 –                   119 075 016            0           3 000      119 072 016
 General authority to repurchase the               (100.00%)      (0.00%)        (0.001%)
 Company’s securities

 Ordinary Resolution Number 9 –                  119 075 016            0           3 000      119 072 016
 Signature of documents                            (100.00%)      (0.00%)         (0.001%)




By order of the board.

Johannesburg
26 April 2016



Sponsor
Arbor Capital Sponsors Proprietary Limited

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