MONTAUK HOLDINGS LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

MONTAUK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/017811/06)
Share code: MNK & ISIN: ZAE000197455
(“MNK”)

RESULTS OF THE ANNUAL GENERAL MEETING


1. INTRODUCTION

   Montauk ordinary shareholders are advised that at the Annual General Meeting (“AGM”) of HCI held on Tuesday 1st
   November 2017, all the resolutions, as set out in the notice of AGM and proposed at the meeting were passed,
   without modification, by the requisite majority of Montauk Shareholders.


2. RESULTS OF THE VOTING AT THE ANNUAL GENERAL MEETING

   The resolutions were voted on as follows:

                                                             
                                                            % of issued           Number of shares
                                                            share capital

   Total number of shares present/represented               58.0                 80 402 249
   including proxies at meeting (including shares
   abstained from voting)                                            

                                                            Number of votes (one vote per share)

                                                            For             Against       Abstain
   ORDINARY RESOLUTIONS
   
   1.  Adoption of annual financial statements              80 370 338      3 346         28 565
                                                            100.00%         0.00%         0.02%
   2.1 Election of director: Mr MA Jacobson                 77 731 991      2 641 693     28 565
                                                            96.71%          3.29%         0.02%
   2.2 Election of director: Ms NB Jappie                   80 370 338      3 346         28 565
                                                            100.00%         0.00%         0.02%
   2.3 Election of director: Mr SF McClain                  80 273 277      100 407       28 565
                                                            99.88%          0.12%         0.02%
   3.  Re-appointment of auditor: Grant Thornton            80 370 338      3 346         28 565
       Jhb Partnership                                      100.0%          0.00          0.02%
   
   4.1 Appointment of audit committee - Mr MH               80 273 277      100 407       28 565
       Ahmed                                                100.0%          0.12%         0.02%
   
   4.2 Appointment of audit committee - Ms NB               80 370 338      3 346         28 565
       Jappie                                               100.0%          2.75%         0.02%
   
   4.3 Appointment of audit committee – Mr BS               80 370 338      3 346         28 565
       Raynor                                               100.0%          0.00%         0.02%
   
   5.  Place unissued shares under the control of           73 101 890      7 271 794     28 565
       the directors                                        90.95%          9.05%         0.02%
   
   6.  Non-binding Advisory Resolution -                    73 101 890      7 271 794     28 565
       endorsement of remuneration report                   90.95%          9.05%         0.02%
   
   7.  Authorisation of directors to implement              80 370 338      3 346         28 565
       resolutions passed                                   100.00%         0.00%         0.02%
       
   SPECIAL RESOLUTIONS

   1. General authority to issue shares and                 73 199 114      7 174 570     28 565
           options of cash                                  91.07%          8.93%         0.02%
   
   2. Approval of annual fees to be paid to non-            80 370 338      3 346         28 565
           executive directors                              100.00%         0.00%         0.02%
 
   3. General authority to repurchase company               80 370 338      3 346         28 565
           shares                                           100.0%          0.00%         0.02%
 
   4. General authority to provide financial
                                                            76 939 635      3 434 049     28 565
           assistance in terms of section 44 and
           section 45 of the Companies Act                  95.73%          4.27%         0.02%




1 November 2017
Cape Town

Sponsor and Corporate Adviser
Investec Bank Limited

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