ADCOCK INGRAM HOLDINGS LIMITED - Results of the annual general meeting of Adcock Ingram

Results of the annual general meeting of Adcock Ingram

Adcock Ingram Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 2007/016236/06
Share code: AIP
ISIN: ZAE000123436
(“Adcock Ingram” or the “Company”)

RESULTS OF THE ANNUAL GENERAL MEETING OF ADCOCK INGRAM

Shareholders are advised that, at the annual general meeting
of Adcock Ingram held at 14:00 on Friday, 31 January 2014
(“Annual General Meeting”), all the ordinary resolutions set
out in the Notice of Shareholders dated 18 December 2013 were
passed by the requisite majority, other than the following
resolutions:-

1.   Ordinary resolution number 1.2: The re-election of Mr AM
     Thompson as a director - this resolution failed.

2.   Ordinary resolution number 2.3: The election of Mr AM
     Thompson as a member of the Adcock Ingram Audit Committee
     (“Audit Committee”) – this resolution failed. In terms of
     section 94(2) of the Companies Act 71 of 2008 (“Companies
     Act”), an audit committee comprising at least three
     members must be elected at the Company’s Annual General
     Meeting. Shareholders are advised that due to the failure
     of ordinary resolutions 1.2 and 2.3, only 2 persons have
     been elected at the Annual General Meeting as opposed to
     the statutory requirement of 3. The board of the Company
     will in light of this take such steps as may be open to
     it to mitigate the impact of this shareholder vote on the
     Audit Committee’s functioning.

3.   Ordinary resolution number 5: Non-binding advisory vote
     regarding the Company’s remuneration policy – this
     resolution failed. Although this resolution is of an
     advisory nature only, the Board will take the failure of
     this resolution into account when reviewing the Company’s
     remuneration policy.


Midrand
31 January 2014

Sponsor
Deutsche Securities (SA) Proprietary Limited

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