BLUE LABEL TELECOMS LIMITED - Results of AGM

Results of AGM

Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
JSE Share code: BLU
ISIN: ZAE000109088
(“Blue Label” or “the Company”)


REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS

Blue Label shareholders are advised that at the Annual General Meeting (“AGM”) of members held on Friday, 28
November 2014, all the ordinary and special resolutions as proposed in the Notice of the AGM were approved by the
requisite majority of members. In this regard, Blue Label confirms the voting results at the AGM as follows:

                                                                                        %              Number
 Total number of shares that could be voted at meeting                                                 665,449,315
 Total number of shares present/represented including proxies at meeting                92.03          612,413,707
 Total number of members present                                                                       52



                                           Votes in         %              Votes            %           Abstentions
                                           Favour                          Against
 Ordinary Resolution Number 1              585,362,004      95.58          26,958,015       4.40        93,688
 Re-election of Executive Director
 1.1 BM Levy
 Ordinary Resolution Number 2              605,386,304      98.85          6,933,715        1.13        93,688
 Re-election of Executive Director
 2.1 MS Levy
 Ordinary Resolution Number 3              582,836,994      95.17          29,483,025       4.81        93,688
 Re-election of Executive Director
 3.1 PV Pamensky

 Ordinary Resolution Number 4              579,839,837      94.68          32,480,182       5.30        93,688
 Re-appointment of external Auditors

 Ordinary Resolution Number 5              612,320,019      99.98                -                 -    93,688
 Appointment of Member and Chairman
 of the Audit, Risk and Compliance
 Committee
 5.1 JS Mthimunye
 Ordinary Resolution Number 6              610,625,911      99.70          1,694,108        0.28        93,688
 Appointment of Member of the Audit,
 Risk and Compliance Committee
 6.1 GD Harlow
 Ordinary Resolution Number 7              603,685,735      98.58          8,634,284        1.41        93,688
 Appointment of Member of the Audit,
 Risk and Compliance Committee
 7.1 SJ Vilakazi
 Ordinary Resolution Number 8              611,925,657      99.92          394,362          0.06        93,688
 Directors authority to implement
 ordinary and special resolutions


 Non binding advisory vote                 601,692,544      98.25          10,627,475       1.73       93,688
 Endorsement of Blue Label’s
 Remuneration Policy

 Special Resolution Number 1              612,320,019      99.98                -               -      93,688
 Remuneration of Non-executive
 Directors

 Special Resolution Number 2               601,720,532     98.25           10,599,487        1.73      93,688
 General Authority to Repurchase Shares


 Special Resolution Number 3               575,590,921     93.99           36,729,098        5.99      93,688
 Approval of Financial Assistance to
 Related or Inter-related Companies
 and Corporations




Sandton
28 November 2014

Sponsor
Investec Bank Limited

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