BRAIT SE - Results of extraordinary general meeting: 99.8% shareholder approval of Brait Transaction

Results of extraordinary general meeting: 99.8% shareholder approval of Brait Transaction

Brait SE
(Registered in Malta as a European Company)
(Registration No. SE1)
Share Code: BAT ISIN: LU0011857645
Share Code: BATP ISIN: MT0000680208
(“Brait” or “the Company”)

RESULTS OF EXTRAORDINARY GENERAL MEETING: 99.8% SHAREHOLDER APPROVAL OF
BRAIT TRANSACTION

Shareholders are referred to the announcements released on the website of
the Luxembourg Stock Exchange (“LuxSE”) and on the Stock Exchange News
Service of the JSE Limited, on 25 November 2014 and 12 December 2014,
regarding the proposed acquisition by Steinhoff International Holdings
Limited of Brait’s effective 37.06% interest in Pepkor Holdings Proprietary
Limited (“Brait Transaction”).

At the Extraordinary General Meeting (“EGM”) of Brait shareholders held
earlier today, the ordinary resolutions (“Resolutions”) necessary to
authorise the Brait Transaction were duly passed, without amendment, by
the requisite majority of votes. The Company is pleased to announce that
the Resolutions were passed by a 99.8% majority of Brait shareholders
present and voting at the EGM, whether in person or by proxy. Further
details of the Resolutions can be found in the circular posted to Brait
shareholders on 12 December 2014 (“the Circular”).

As noted in the Circular, Dr. CH Wiese is a director of Brait and a
beneficiary of trusts which hold an interest in the Company, via Titan
Premier Investments Proprietary Limited (“Titan”). In the interests of
good corporate governance, Titan voluntarily undertook not to exercise its
voting rights in respect of the Resolutions proposed at the EGM. Similarly,
voting rights attached to Brait shares held in treasury were also not
exercised at the EGM.

The results of voting on the Resolutions at the EGM are set out below:

                               Votes carried (disclosed as a percentage
                               in relation to the total number of shares
                               present and voting at the meeting)

                               For            Against       Abstained
 Ordinary Resolution Number
 1 - Approval of the Brait     99.8%          0.2%          -
 Transaction
 Ordinary Resolution Number
 2 – Directors’ authority      99.8%          0.2%          -
 and ratification

The Company’s primary listing is on the Euro MTF market of the LuxSE and
its secondary listing is on the Johannesburg Stock Exchange.

Malta
27 January 2015

Financial adviser and sponsor to Brait
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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