MUSTEK LIMITED - Results of annual general meeting (AGM)

Results of annual general meeting (“AGM”)

Mustek Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share code: MST & ISIN: ZAE000012373
(“Mustek” or “the Company”)

     RESULTS OF ANNUAL GENERAL MEETING (“AGM”)

     The AGM of Mustek shareholders was held today, 11 December 2015. All the special and
     ordinary resolutions as set out in the notice of the AGM to shareholders, dated 23 October
     2015, were approved by the requisite majority of shareholders.


     Details of the results of voting at the annual general meeting are as follows:
       . total number of Mustek shares that could have been voted at the AGM: 100 543 911
       . total number of Mustek shares that were present/represented at the AGM: 64 778
            295 being 64,43% of the total number of Mustek shares that could have been voted
            at the AGM

     The special resolutions will be filed, and where required registered, with the Companies and
     Intellectual Property Commission in due course.

     The voting details with respect to the proposed resolutions were as follows:

                                  Number of               For                       Against          Abstained
                                   shares
      Resolution Proposed           voted        Shares           %           Shares          %   Shares    % of
                                                                                                           votable
                                                                                                           shares

Ordinary resolution number 1:     64 778 295   64 778 295       100,00%         -             -     -            -
To re-elect Hein Engelbrecht as
director


Ordinary resolution number 2:     64 778 295   64 778 295       100,00%   -                   -     -            -
To re-elect Neels Coetzee as
director


Ordinary resolution number 3:     64 778 295   64 778 295       100,00%   -                   -     -            -
To re-elect Ralph Patmore as
director


Ordinary resolution number 4:     64 778 295   64 778 295       100,00%   -                   -     -            -
Confirmation of auditors' re-
appointment
Ordinary resolution number 5:      64 778 295   61 378 126   94,75%    3 400 169     5,25%   -   -
Appointment of Ralph Patmore
to the Audit and Risk Committee


Ordinary resolution number 6:      64 778 295   64 031 232   98,85%        747 063   1,15%   -   -
Appointment of Mdu Gama to
the Audit and Risk Committee


Ordinary resolution number 7:      64 778 295   64 031 232   98,85%        747 063   1,15%   -   -
Endorsement of remuneration
philosophy


Ordinary resolution number 8:      64 778 295   60 631 063   93,60%    4 147 232     6,40%   -   -
Placing of unissued shares under
the directors' control


Ordinary resolution number 9:      64 778 295   60 631 063   93,60%    4 147 232     6,40%   -   -
General authority to issue
shares for cash


Ordinary resolution number 10:     64 778 295   64 778 295   100,00%   -               -     -   -
Authority to action


Special resolution number 1:       64 778 295   64 778 295   100,00%   -               -     -   -
Remuneration of non-executive
directors


Special resolution number 2:       64 778 295   64 778 295   100,00%   -               -     -   -
Financial assistance to related
and inter-related companies


Special resolution number 3:       64 778 295   64 778 295   100,00%   -               -     -   -
General authority to the
company and its subsidiaries to
repurchase shares




     Midrand
     11 December 2015

     Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

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