BALWIN PROPERTIES LIMITED - Results of General Meeting

Results of General Meeting

BALWIN PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/028851/06)
Share code: BWN
ISIN: ZAE000209532
("Balwin" or "the Company")


RESULTS OF GENERAL MEETING

Balwin shareholders (“Shareholders”) are referred to the announcement released by the Company
on SENS on 30 June 2016, as well as the circular issued to Shareholders on the same date, regarding
the acquisition by Balwin of development rights in Johannesburg’s Kyalami / Waterfall node.

Shareholders are advised that at a general meeting of the Company held on Friday 29th July 2016 at
09h30 (“General Meeting”), all resolutions as set out in the Notice of General Meeting incorporated
in the circular were approved by the requisite majority of shareholders.

In this regard, Balwin confirms the voting statistics from the General Meeting as follows:

                                                                                          %       Number

  Total number of shares that could be voted at the General Meeting
  (“Total Shares”)                                                                     100.00   472,192,592
  

  Total number of shares present/represented including proxies at the
  General Meeting (“Voted Shares”)                                                      79.18    373,865,014
  
  Total number of members present                                                                     30



                               Votes in favour          %*      Votes against    %*     Abstentions    %**

Ordinary resolution 1:
Acquisition of
development rights from           338,727,194          94.61%    19,294,645     5.39%   15,843,175    3.36%
Portimix Proprietary
Limited

Ordinary resolution 2:
Authority for Balwin
board members and                 353,909,381          98.85%     4,112,458     1.15%   15,843,175    3.36%
company secretary to
sign documents


Notes:

* Percentage of Voted Shares (excluding abstentions)
** Percentage of Total Shares



Bedfordview
29 July 2016

Financial Advisor and Sponsor: Investec Bank Limited

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