ZEDER INVESTMENTS LIMITED - Results of the General Meeting of Capespan Shareholders

Results of the General Meeting of Capespan Shareholders

 Zeder Investments Limited
 (Incorporated in the Republic of South Africa)
 Registration Number: 2006/019240/06
 Share Code: ZED
 ISIN Code: ZAE000088431
 (“Zeder”)

 Capespan Group Limited
 (Incorporated in the Republic of South Africa)
 Registration Number: 2008/016971/06
 (“Capespan”)

 RESULTS OF THE GENERAL MEETING OF CAPESPAN SHAREHOLDERS

 1.   INTRODUCTION

 1.1.   Shareholders are referred to the joint announcement
        published by Zeder and Capespan on SENS and on their
        respective websites (www.zeder.co.za and
        www.capespangroup.com) on 25 May 2015, and in the press
        on 26 May 2015, advising that, inter alia, a circular
        relating to the scheme of arrangement pursuant to which
        Zeder has made an offer to acquire all the issued shares
        in Capespan (excluding treasury shares) not already held
        by Zeder and members of Capespan’s management
        (“Scheme”), was posted to the Capespan shareholders on
        25 May 2015 (“Scheme Circular”).

 1.2.   The Scheme Circular incorporated a notice convening a
        general meeting of Capespan shareholders for purposes of
        adopting the resolution required to approve the Scheme
        (“Scheme Resolution”).

 2.   RESULTS OF THE GENERAL MEETING OF CAPESPAN SHAREHOLDERS

      Shareholders are hereby advised that at the general
      meeting of Capespan shareholders held at 11:00 today at
      Spier Wine Estate, Baden Powell Drive, Stellenbosch, the
      Scheme Resolution was unanimously passed by the Capespan
      shareholders present or represented by proxy at the
      meeting.

 24 June 2015
 Stellenbosch

 Transaction advisor and sponsor to Zeder: PSG Capital
 Proprietary Limited

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