BRAINWORKS LIMITED - Results of General Meeting

Results of General Meeting

Brainworks Limited
(Incorporated in the Republic of Mauritius)
(Registration number: 115883 C1/GBL)
Share Code: BWZ ISIN: MU0548S00000
(“Brainworks” or “the Company”)

RESULTS OF GENERAL MEETING

Further to the circular distributed to shareholders on 27 September 2019, and using the terms defined therein unless otherwise
stated, shareholders are advised that the ordinary and special resolutions set out below were approved by the requisite majority
of votes at the general meeting of the Company’s ordinary shareholders held today, 1 November 2019.

The total number of Brainworks’ ordinary shares in issue is 105 733 671 (including 7 775 000 treasury shares).

 Resolutions                                                                    Shares voted                         Votes
                                                                                                                       For
                                                                        Number                  % (1)                % (2)
 
 Ordinary resolution number 1                                         22 075 658 (3)            20.88%                 100%
 Approval of the Specific Issue of shares to the 2017
 Lenders
 
 Ordinary resolution number 2                                         82 996 734                78.50%                 100%
 Approval of the Specific Issue of shares to the 2018
 Lender

 Ordinary resolution number 3                                         22 611 223 (3)            21.39%                 100%
 Approval of the Specific Issue of shares to the Blue Air
 Capital and Red Rock Capital

 Ordinary resolution number 4                                         61 221 076                57.90%                 100%
 Approval of the Specific Issue of shares to the Consortium
 Lenders

 Special resolution number 1                                          83 296 734                78.78%                 100%
 Approval of the change of name of the company to Arden
 Capital Limited

Notes:
1. As a percentage of total ordinary shares in issue.
2. As a percentage of shares voted.
3. The total number of shares voted in person/represented by proxy on the ordinary resolutions exclude the votes
   of related parties and their associates.
4. There were no abstentions or votes against the resolutions.


Grand Baie, Mauritius
1 November 2019

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 01/11/2019 02:15:00
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