BSI STEEL LIMITED - Results of AGM

Results of AGM

BSI STEEL Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/023164/06)
JSE code: BSS
ISIN: ZAE000125134
(“BSI” or "the Company")


RESULTS OF ANNUAL GENERAL MEETING



The board of directors of BSI advise that at the Annual General Meeting of shareholders held on 23 September
2014, the following resolutions, as set out in the Abridged report to shareholders dated 15 August 2014, were duly
approved by the requisite majority of shareholders present and voting:

                Resolution                   Number of     % of shares      % of        % of votes    % of votes
                                               shares        voted in      shares       carried for   against the
                                              voted in      person or     abstained         the       resolution
                                             person or      by proxy                    resolution
                                              by proxy
 Ordinary Business
 1   To Adopt the annual financial           623 581 838      88.85%         0.00%       100.00%         0.00%
     statements for the year ended 31
     March 2014
 2   To re-appoint Deloitte and Touche       623 581 838      88.85%         0.00%       100.00%         0.00%
     as independent auditors of the
     Company (the designated auditor
     being Mrs C Howard-Browne)
 3   To re-elect Mr NG Payne as a            623 581 838      88.85%         0.00%       100.00%         0.00%
     director
 4   a) To appoint Mr NG Payne as a          623 581 838      88.85%         0.00%       100.00%         0.00%
     member of the audit committee
     a) To appoint Mr BM Khoza as a          623 581 838      88.85%         0.00%       100.00%         0.00%
        member of the audit committee
     b) To appoint Mr JR Waller as a         623 581 838      88.85%         1.68%        97.88%         0.44%
        member of the audit committee
 5   General authority to issue shares for   307 506 624      43.82%         0.00%        95.70%         4.30%
     cash
 6   Remuneration philosophy                 623 581 838      88.85%         0.00%        99.56%         0.44%
 Special Business
 1   General authority to repurchase         623 581 838      88.85%         0.00%        99.56%         0.44%
     shares
 2   Approval of directors’ remuneration     623 581 838      88.85%         0.00%       100.00%         0.00%
 3   Financial assistance to related or      623 581 838      88.85%         0.00%       100.00%         0.00%
     inter-related companies
 4   Financial assistance for subscription   623 581 838      88.85%         0.00%        99.56%         0.44%
     of securities
 5   Financial assistance to                 623 581 838      88.85%         0.00%        99.56%         0.44%
     directors/prescribed officers


The special resolutions, where appropriate, will be filed with the Companies and Intellectual Property Commission.
Johannesburg
25 September 2014


Designated Advisor
Sasfin Capital
(a division of Sasfin Bank Limited)

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