Results of class meeting and general meeting Alexander Forbes Preference Share Investments Limited (Incorporated in the Republic of South Africa) Registration number 2006/031561/06 Share code: AFP ISIN: ZAE000188942 (“AF Pref” or “the Company”) RESULTS OF CLASS MEETING OF PREFERENCE SHAREHOLDERS (“CLASS MEETING”) AND GENERAL MEETING OF THE ORDINARY SHAREHOLDER AND PREFERENCE SHAREHOLDERS (“GENERAL MEETING”) INTRODUCTION Holders of AF Pref preference shares (“preference shareholders”) are referred to the circular dated Monday, 4 August 2014, regarding the unbundling of AF Pref’s entire shareholding in Alexander Forbes Group Holdings Limited (“Alexander Forbes”) to preference shareholders (the “unbundling”) as well as the distribution of any residual cash in the form of a redemption payment (the “redemption”), the delisting of preference shares from the JSE (the “delisting”) and the deregistration of AF Pref (the “deregistration”)(collectively the “transaction”). RESULTS OF THE CLASS MEETING Preference shareholders are advised that all of the resolutions considered were approved by the requisite majority of votes at the class meeting held today. RESULTS OF THE GENERAL MEETINGS Preference shareholders are also advised that the ordinary and special resolutions approving, inter alia, the disposal of assets in terms of Section 112 of the Companies Act, Act 71 of 2008, the ratification and approval of the unbundling and matters ancillary or incidental thereto and the delisting of the preference shares were passed by the requisite majority of votes at the general meeting of the ordinary shareholder and preference shareholders held today. A finalisation announcement will be released on SENS upon the fulfilment or waiver of all conditions precedent to the transaction which fulfilment is expected to take place on 5 September 2014. Johannesburg 1 September 2014 Financial adviser and sponsor to AF Pref Rand Merchant Bank (A division of FirstRand Bank Limited) Legal advisers to AF Pref Bowman Gilfillan Inc. Reporting accountants to AF Pref PriceWaterhouseCoopers Inc. Date: 01/09/2014 12:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.