MONTAUK HOLDINGS LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

MONTAUK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/017811/06)
(Share code: MNK & ISIN: ZAE000197455)
("Montauk" or "the Company")


RESULTS OF THE ANNUAL GENERAL MEETING


1. INTRODUCTION

        Montauk’s ordinary shareholders are advised that at the Annual General Meeting (“AGM”) of Montauk held on
        Tuesday 1st November 2016, all the resolutions, as set out in the notice of AGM and proposed at the meeting
        were passed, without modification, by the requisite majority of Montauk shareholders.


2. RESULTS OF THE VOTING AT THE ANNUAL GENERAL MEETING


        The resolutions were voted on as follows:

                                                                  % of issued
                                                                share capital            Number of shares
                                                            
        Total number of shares present/represented
        including proxies at meeting (including shares                   74.2                 102 331 263
        abstained from voting)                                           


                                                            Number of votes (one vote per share)

                                                              For              Against       Abstain
        ORDINARY RESOLUTIONS

        1. Adoption of consolidated financial               102 330 963                 -          300
        statements                                              100.00%             0.00%        0.00%
                                                              

        2.1. Re-election of director: Mr JA Copelyn          99 643 137         2 687 826          300
                                                                97.37%              2.63%        0.00%

        2.2. Re-election of director: Mr MH Ahmed           102 330 963                 -          300
                                                                100.00%             0.00%        0.00%

        2.3. Election of director: Mr ML Ryan               102 330 963                -           300
                                                               100.00%             0.00%         0.00%
                                                           
        3. Re-appointment of auditor                        102 330 963                 -          300
                                                               100.00%             0.00%         0.00%

        4.1. Appointment of audit committee - Mr MH         102 291 699            39 264          300
        Ahmed                                                   99.96%             0.04%         0.00%

        4.2. Appointment of audit committee - Ms NB         102 330 963                 -          300
        Jappie                                                 100.00%             0.00%         0.00%

        4.3. Appointment of audit committee – Mr BS         102 330 963                 -          300
        Raynor                                                 100.00%             0.00%         0.00%

                                                             
        5. General authority over unissued shares            93 732 229        8 598 734           300
                                                                 91.60%            8.40%         0.00%
        6. Non-binding advisory endorsement of
           Remuneration Report for the year ended 31         99 078 782        3 252 181           300
           March 2016                                            96.82%            3.18%         0.00%
                                                           
        7. Authorisation of directors to implement          102 330 963               -            300
           resolutions passed                                   100.00%            0.00%         0.00%

       SPECIAL RESOLUTIONS

       1. General authority to issue shares and              93 732 392         8 598 571          300
          options for cash                                       91.60%             8.40%        0.00%

       2. Approval of annual fees to be paid to non-        102 330 963              -             300
          executive directors                                   100.00%             0.00%        0.00%

       3. General authority to repurchase company           101 766 771           564 192          300
          shares                                                 99.45%             0.55%        0.00%

       4. General authority to provide financial             99 119 705         3 211 258          300
          assistance in terms of sections 44 and 45              96.86%             3.14%        0.00%
          of the Companies Act                           
                                                            




2 November 2016
Cape Town

Sponsor and Corporate Adviser
Investec Bank Limited

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