SAFARI INVESTMENTS (RSA) LTD - Results of Annual General Meeting and Changes to the Board of Directors

Results of Annual General Meeting and Changes to the Board of Directors

Safari Investments (RSA) Limited
Approved as a REIT by the JSE Limited
Incorporated in the Republic of South Africa
(Registration number: 2000/015002/06)
Share code: SAR
ISIN Code: ZAE000188280
(“Safari” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD OF
DIRECTORS

In terms of paragraph 3.91 of the JSE Listings Requirements,
the Board of directors advise that all the ordinary
resolutions including the special resolutions, other than
ordinary resolution No.3 as set out in the notice of the AGM,
were passed by a majority of shareholder votes at the AGM held
yesterday at Waterkloof Ridge, Pretoria.

Altogether 82.13% of voteable shares, being 143 127 981 shares,
were represented at the AGM.

The detailed results of the voting are as follows:

                                                  %         %
                                  % voted   ABSTAIN   AGAINST      % FOR
                     Number of         of     ED of        of         of
                        shares     issued    issued    shares     shares
Resolution               voted     shares    shares     voted      voted

Ordinary No. 1:     143 127 686     82.13   0.00017         0       100
Re-election of Dr
M Minnaar as a
director

Ordinary No. 2:     143 127 686     82.13   0.00017         0       100
Re-election of Dr
JP Snyman as a
director

Ordinary No. 3:     142 873 535     82.13   0.00017     86.92     13.08
Re-election of Dr
PA Pienaar as a
director

Ordinary No. 4:     142 589 180     82.13   0.30919         0       100
Election of Mr JZ
Engelbrecht as a
director

Ordinary No. 5:     143 127 686     82.13   0.00017         0       100
Election of Ms
Khanyile as a
director

Ordinary No. 6:     140 447 328     82.13     1.538      0.01     99.99
Re-appointment of
auditors, Mazars

Ordinary No. 7:     143 127 686     82.13   0.00017         0       100
Re-appointment of
Dr JP Snyman as
audit committee
member

Ordinary No. 8:     141 624 328     82.13   0.86287         0       100
Re-appointment of
Ms FN Khanyile as
audit committee
member

Ordinary No. 9:     143 127 686     82.13   0.00017         0       100
Re-appointment of
Mr AE Wentzel as
audit committee
member and
chairman

Ordinary No. 10:    143 127 686     82.13   0.00017      1.32     98.68
Placing unissued
ordinary shares
under the control
of the directors

Ordinary No. 11:    143 127 435     82.13   0.00031      1.32     98.68
General authority
to issue
authorised but
unissued ordinary
shares for cash

Ordinary No. 12:    141 624 077     82.13   0.86287         0       100
Authority of
Company Secretary
to give effect to
all resolutions

Special No. 1:      141 624 328     82.13   0.86287         0       100
Approval of
remuneration of
non-executive and
executive
directors
Special No. 2:      141 624 328     82.13      0.86      6.84     93.16
Approval of  
financial
assistance in
terms of section
45 of the
Companies Act

Special No. 3:      141 624 328     82.13      0.86      0.72     99.28
Authority to
increase
authorised share
capital and
amendment to the
Memorandum of
Incorporation

Special No. 4:      141 624 328     82.13    0.86287        0       100
Authority to
repurchase shares


Special Resolution No.3 requires registration with the
Companies and Intellectual Property Commission.

CHANGES TO THE BOARD OF DIRECTORS

In compliance with rule 3.59(c) of the Listings Requirements
of the JSE Limited, shareholders of the Company are hereby
advised that the Board has taken a decision to reduce the
board from ten members to eight and in this regard, to ensure
continuity, Mr SJ Kruger and Mr JC Verwayen have agreed to
remain as alternate directors to Mr FJJ Marais and Mr K
Pashiou respectively. Accordingly, Mr SJ Kruger and Mr JC
Verwayen are no longer non-executive directors of the Company.

Furthermore, given that ordinary resolution No.3 was not
passed by shareholders, Dr PA Pienaar is no longer a director
of the Company.

Pretoria

6 August 2015

Sponsor: PSG Capital Proprietary Limited

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