SEPHAKU HOLDINGS LIMITED - Results of the annual general meeting

Results of the annual general meeting

Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/003306/06)
Share code: SEP
ISIN: ZAE000138459
(“Sephaku Holdings” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

The Company is pleased to notify shareholders that all resolutions set out in the notice of annual general
meeting were passed at the annual general meeting (“AGM”) held on 22 September 2016. The number of
ordinary shares voted was 102 340 873, constituting 50.42% of the total number of shares in issue. The
results of the voting were as follows:
                                                                                                        
 Resolutions:                                                                    FOR(1)         AGAINST(1)
                                                                                      %                  %
 Ordinary resolution number 1                                                    100.00               0.00

 Adoption of the annual financial statements for the year ended 31 March
 2016

 Ordinary resolution number 2.1                                                   98.24               1.76

 Re-election of MM Ngoasheng as an independent non-executive director

 Ordinary resolution number 2.2                                                  100.00               0.00

 Election of MJ Janse van Rensburg as an independent non-executive
 director

 Ordinary resolution number 3                                                    100.00               0.00

 Re-appointment of Grant Thornton Johannesburg Partnership as
 auditors

 Ordinary resolution number 4.1                                                   99.17               0.83

 Election of B Williams as a member of the Audit and Risk Committee

 Ordinary resolution number 4.2                                                  100.00               0.00

 Election of PM Makwana as a member of the Audit and Risk Committee

 Ordinary resolution number 4.3                                                  100.00               0.00

 Election of MJ Janse van Rensburg as a member and chairman of the
 Audit and Risk Committee

 Ordinary resolution number 5                                                     93.76               6.24
 General authority to issue shares for cash

 Ordinary resolution number 6                                                     99.17               0.83

 Non-binding advisory vote – endorsement of the remuneration policy for
 services as directors

 Ordinary resolution number 7                                                    100.00               0.00

 General authorising resolution

 Special Resolution number 1                                                     100.00               0.00

 General authority to repurchase securities

 Special Resolution number 2                                                     100.00               0.00

 Non-executive directors’ remuneration

 Special Resolution number 3                                                      93.89               6.11

 Financial assistance for any beneficiary participating in any of the
 group’s share incentive schemes

 Special Resolution number 4                                                      95.60               4.40

 Financial assistance for present or future subsidiaries


(1) As a percentage of total shares voted in person or by proxy.

There were no abstentions for any of the resolutions.

Retirement of Mr. MG Mahlare
Shareholders are referred to the announcement released by the Company on SENS on 18 August 2016 in
terms of which the Company advised, inter alia, that Mr. MG Mahlare would retire at the AGM. The board of
directors wishes to take this opportunity to extend their appreciation and thanks to Mr. MG Mahlare for his
services to the Company during his tenure as an independent non-executive director and chairman of the audit
committee and wishes him well in his future pursuits.

Johannesburg
23 September 2016

Sponsor
Questco (Pty) Ltd
_______________________________________________________________________________________

Enquiries contact: Sakhile Ndlovu              Sephaku Holdings            Investor Relations           012 612 0210
About Sephaku Holdings Limited

Sephaku Holdings Limited (“SepHold”) is a building and construction materials company with a portfolio of investments in the cement
sector in South Africa. The strategy of SepHold is to generate growth and realise value for shareholders through the production of cement
and ready mixed concrete in Southern Africa. The company’s core investments are a 36% stake in Dangote Cement South Africa (Pty) Ltd
[formerly Sephaku Cement (Pty) Ltd] and 100% in Métier Mixed Concrete (Pty) Ltd.

www.sephakuholdings.com

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