OAKBAY RESOURCES AND ENERGY LIMITED - Results of general meeting

Results of general meeting

OAKBAY RESOURCES AND ENERGY LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2009/021537/06
Share code: ORL ISIN: ZAE000196085
(“Oakbay Resources” or “the Company”)



RESULTS OF THE GENERAL MEETING

Shareholders are referred to the detailed terms announcement
published by the Company dated 11 December 2015 relating to
the acquisition by the Company through its 74% owned
subsidiary Shiva Uranium Proprietary Limited (“Shiva”),of the
business carried out by Tegeta Exploration and Resources
Proprietary Limited (the “Acquisition”).

In addition, shareholders are referred to the announcement
published by Oakbay Resources on 25 January 2016, whereby
shareholders were advised that the Circular, incorporating a
notice convening a general meeting of shareholders at which an
ordinary resolution would be considered for purposes of
approving the Acquisition had been distributed to shareholders
(“General Meeting”).

Shareholders are hereby advised that the General Meeting was
held on 23 February 2016 at 144 Katherine Street Grayston
Ridge Office Park, Sandton, and that the ordinary resolution
was passed by the requisite majority of Oakbay Resources
shareholders.

The detailed voting results of the General Meeting are set out
below:
                                Percentage
                                FOR (Being            Percentage
                                       the Percentage  ABSTAINED
                Number          percentage    AGAINST (Being the
                    of              of the (Being the percentage
                shares   Number      total percentage     of the
               present       of     shares     of the      total
                at the   shares     voted)      total     shares
               General    voted                shares   entitled
Resolution     Meeting      (1)                voted)   to vote)

Ordinary    799 886      159 890     100%         0%          0%
resolution:     289          390
Approval of
the
Acquisition

Note (1) - The number of shares voted constitutes 19.99% of
the total number of shares in issue



Johannesburg

24 February 2016

Transaction Adviser
PSG Capital

JSE Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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