CARGO CARRIERS LIMITED - Results of General Meeting

Results of General Meeting

CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("Cargo Carriers" or "the Company" or “the Group”)


RESULTS OF THE GENERAL MEETING HELD TO APPROVE THE EMPLOYEE SHARE PARTICIPATION PLAN


Shareholders are advised that at the general meeting of shareholders held on Thursday, 5 May 2016, all the resolutions
tabled at the meeting were passed by the requisite majority of shareholders.

Details of the results of voting at the annual general meeting are as follows:

    -   Total number of Cargo Carriers shares in issue at the date of the general meeting: 20 000 000
    -   Total number of Cargo Carriers shares that could have been voted at the general meeting on resolutions
        proposed pursuant to the provisions of the Listings Requirements (issued shares excluding 593 710 treasury
        shares): 19 406 290
    -   Total number of Cargo Carriers shares that were present/represented at the general meeting: 13 008 228, being
        67.03% of the total number of ordinary shares that could have been voted on at the general meeting.

 Resolution proposed                                                                        Abstain
                                                                For        Against:    (% of issued     Total Votes (excluding
                                                                 %              %     share capital)    abstentions)
 Ordinary resolution number 1 –
 Specific Issue of shares for cash to
 EmployeeCo                                             13 003 597            4 631             0
                                                           99.96%            0.04%          0.00%        13 008 228
 Special resolution number 1 –
 Approval of Financial Assistance to
 EmployeeCo                                             13 003 597            4 631             0
                                                           99.96%            0.04%          0.00%        13 008 228
 Special resolution number 2 –
 Authority for EmployeeCo Specific Issue in
 terms of section 41(1) of the Companies Act            13 003 597            4 631             0
                                                           99.96%            0.04%          0.00%        13 008 228
 Ordinary resolution number 2 –
 Authority granted to Directors                         13 003 597            4 631         78 557
                                                           99.96%            0.04%          0.48%        13 008 228

Johannesburg
5 May 2016

Sponsor
Arbor Capital Sponsors Proprietary Limited

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