BELL EQUIPMENT LIMITED - Results of the annual general meeting

Results of the annual general meeting

Bell Equipment Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1968/013656/06)
Share code: BEL
ISIN: ZAE000028304
(“Bell” or the “Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

At the 48th Annual General Meeting ("AGM") of Bell shareholders held on 5 May 2016, the following
resolutions, as set out in the notice of annual general meeting incorporated in the Integrated Annual
Report and distributed to shareholders on 31 March 2016, were duly approved by the requisite majority of
votes. In this regard, Bell confirms the voting statistics from the AGM as follows:

Shares voted in relation to the total issued share capital:
 Number of shares      Total issued share      Percentage shares
 voted                 capital                 voted
 77 715 034            95 146 885              81.68%
 
 
                                           Votes carried
                                          disclosed as a         Number of            Shares voted         Shares
                                           percentage in         shares voted         disclosed as a       abstained
                                          relation to the                             percentage in        disclosed as a      
                                           total number of                            relation to          percentage in
                                           shares voted at                            the total            relation to the
                                            the meeting                               issued share         total issued
                                                                                      capital*             share capital*
                                                                    
Resolutions                                                       
                                          For      Against
1. Adoption of the annual financial
statements for the period ended 31        100%     0%            77 715 034           81.68%               0.04%
December 2015

2.1. Election of Mr J Barton as a
director                                  100%     0%            77 715 034           81.68%               0.04%
 
3.1 Election of Mr DH Lawrance as
non-executive director of the
Company                                   100%     0%            77 715 034           81.68%               0.04%
 
3.2 Election of Mr HR van der Merwe
as non-executive director of the          100%     0%            77 715 034           81.68%               0.04%
Company 

4.1. To appoint Mr DH Lawrance as
chairman and a member of the audit        100%     0%            77 715 034           81.68%               0.04%
committee 

4.2. To appoint Ms B Harie as a
member of the audit committee             100%     0%            77 715 034           81.68%               0.04%

4.3. To appoint Mr J Barton as a
member of the audit committee             98.42%   1.58%         77 715 034           81.68%               0.04%

5. Appointment of Deloitte & Touche
as the auditors of the Company            100%     0%            77 715 034           81.68%               0.04%
 
6. Remuneration policy                    93.85%   6.15%         73 214 551           76.95%               4.77%
 
7. Placement of the authorised but
unissued shares under the control
of the directors                          92.33%   7.67%         77 715 034           81.68%               0.04%
 
Special Business
1. The granting of financial
assistance in terms of Section 45
of the Companies Act, No 71 of            100%     0%            77 715 034           81.68%               0.04%
2008, as amended
 
2. Non-Executive directors’
remuneration for the 2017 financial       97.80%   2.20%         77 715 034           81.68%               0.04%
year                                      
   
 
3.1 Remuneration payable to               
Chairman JR Barton for fees as a          97.80%   2.20%         77 715 034           81.68%               0.04%
non-executive chairman for the
period 4 May 2015 to 31 December
2016 

3.2 Remuneration payable to non-
executive directors Mr DH Lawrance
and Mr HR van der Merwe for fees as
non-executive directors for the           97.80%   2.20%          77 715 034          81.68%               0.04%
period 1 January 2016 to 31
December 2016 

4. General authority to repurchase        98.42%   1.58%           77 715 034          81.68%               0.04%
shares                                   
 
*Total issued share capital is 95 146 885.

Richards Bay
9 May 2016


Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
  

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