MORVEST BUSINESS GROUP LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

MORVEST BUSINESS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2003/012583/06)
Share code: MOR     ISIN code: ZAE000152567
(“Morvest” or “the Company”)



RESULTS OF THE ANNUAL GENERAL MEETING


The board of directors of Morvest hereby advises that at the Annual General Meeting of shareholders held on
Friday, 21 November 2014, the following resolutions, as set out in the notice of annual general meeting which
was incorporated in the Summarised Integrated Annual Report distributed to shareholders on 21 October 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   Adoption of the annual financial         607 238 131      69%           0%       99.99648%      0.00352%
     statements for the period ended 31
     May 2014
 2   2.1) Re -election of Mr NY Mhinga        607 238 131      69%           0%       99.87748%      0.12252%
     as a director
     2.2) Re-election of Mr B Marx as a       607 238 131      69%           0%       99.99648%      0.00352%
     director
     2.3) Re-election of Mr A                 607 238 131      69%           0%       99.98001%      0.01999%
     Mohammadali-Haji as a director
 3   Re-Appoint Mazars (Gauteng) Inc.         607 238 131      69%           0%       99.87748%      0.12252%
     as auditors
 4   4.1) To appoint Mr B Marx as a           607 238 131      69%           0%       99.99648%      0.00352%
     member of the Audit and Risk
     Committee
     4.2) To appoint Mr NY Mhinga as a        607 238 131      69%           0%       99.99648%      0.00352%
     member of the Audit and Risk
     Committee
     4.3) To appoint Mr A Mohammadali-        607 238 131      69%           0%       99.98001%      0.01999%
     Haji as a member of the Audit and
     Risk Committee
 5   To allot and issue ordinary shares       607 238 131      69%           0%       85.02334%     14.97666%
     for cash
 6   Approval of remuneration policy for      607 238 131      69%           0%       99.99648%      0.00352%
     non-executive directors
 7   To authorise the directors or the        607 238 131      69%           0%       99.99648%      0.00352%
     company secretary to sign
     documentation

 Special Business
 1   To give directors general authority      607 238 131   69%              0%       85.15881%    14.84119%
     to repurchase company shares
 2   To authorise Morvest to provide          607 238 131   69%              0%       99.99648%     0.00352%
     direct or indirect financial assistance
     to one or more related or
     interrelated companies
 3   Approval of non-executive directors’     607 238 131   69%              0%       99.87748%     0.12252%
     remuneration
 4   Approval of name change to               607 238 131   69%              0%       99.99648%     0.00352%
     Morvest Group Limited


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

Johannesburg
21 November 2014


Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)

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