ELB GROUP LIMITED - Report on proceedings at general meeting

Report on proceedings at general meeting

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

REPORT ON PROCEEDINGS AT GENERAL MEETING

At the general meeting of the shareholders of ELB held today, 11
October 2016, the special resolution proposed at the meeting was
approved by the requisite majority of votes. In this regard, ELB
confirms the voting statistics from the general meeting as
follows:

Shares voted in relation to the total issued share capital:

                         Total issued share       Percentage shares
Number of shares voted   capital                  voted

19 239 667               35 824 527               53,7%


                                 Votes carried disclosed    Shares
                                 as a percentage in         abstained
                                 relation to the total      disclosed as
                                 number of shares voted     a percentage
                                 at the meeting             in relation
                                                            to the total
                                 For             Against    issued share
                                                            capital
Special Resolution
1.   Specific share repurchase
     of treasury shares          99,8%           0,2%       0,0%
     

The special resolution will, if necessary, be lodged for
registration with the Companies and Intellectual Property
Commission in due course.



Boksburg
11 October 2016

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

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