ELB GROUP LIMITED - Report on proceedings at the annual general meeting

Report on proceedings at the annual general meeting

ELB GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1930002553/06
Share code: ISIN: ZAE000035101
("ELB" or “the Company”)

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At the 86th (eighty-sixth) annual general meeting (“AGM”) of the shareholders of ELB Group Limited held today, 24 November 2016 all the ordinary and special
resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, ELB confirms the voting statistics from the AGM as follows:


                                               Votes carried disclosed as a
                                        percentage in relation to the total                                     Shares voted          Shares abstained
                                              number of shares voted at the                                   disclosed as a            disclosed as a
                                                                    meeting                Number of           percentage in             percentage in
Resolutions                                                                             shares voted   relation to the total     relation to the total
                                                                                                       issued share capital*     issued share capital*
                                                                                                  
                                                For                 Against
Ordinary Resolutions
1.1 Presentation of the annual financial
    statements                                 100%                    0.0%               15 782 414                  48.90%                  0.00849%    
1.2 Re-appoint KPMG Inc as external
    auditors
    Re-appoint Mr LP Fourie as                 100%                    0.0%               14 032 352                  43.47%                  5.43024%
    individual designated auditor 
Re-election of directors:
1.3 Mr MC Easter (executive)                   100%                    0.0%               15 782 414                  48.90%                  0.00849%
1.4 Dr JP Herselman (independent
    non-executive                              100%                    0.0%               15 782 414                  48.90%                  0.00849%    
1.5 Dr SJ Meijers (executive)                  100%                    0.0%               15 782 414                  48.90%                  0.00849%
Re-election of members of the audit
and risk committee
1.6 Mr T de Bruyn (independent
    non-executive)                             100%                    0.0%               15 782 414                  48.90%                  0.00849% 
1.7 Dr JP Herselman (independent
    non-executive)                             100%                    0.0%               15 782 414                  48.90%                  0.00849%
1.8 Mr IAR Thomson (independent
    non-executive)                             100%                    0.0%               15 782 414                  48.90%                  0.00849%  
1.9 Consideration of remuneration
    policy (non–binding vote)                  100%                    0.0%               15 782 018                  48.89%                  0.00971%
Special Resolutions
2.1 General authority to provide
    Financial assistance to related            100%                    0.0%               15 782 342                  48.89                   0.00871%
    and inter-related companies
2.2 General authority to provide
    financial assistance in connection
    with the acquisition of shares or     99.99795%                0.00205%               15 782 414                  48.90%                  0.00849%
    options   
2.3 Approval of non-executive directors
    remuneration – calendar year               100%                    0.0%               15 782 018                  48.89%                  0.00971%
    ending 31 December 2016
2.4 General authority to repurchase
    shares                                     100%                    0.0%               15 782 414                  48.90%                  0.00849%
    

*Total issued share capital is 32 278 541.


Boksburg
24 November 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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