Results of General Meetings Tradehold Limited (Incorporated in the Republic of South Africa) (Registration number 1970/009054/06) JSE code: TDH ISIN: ZAE000152658 (“Tradehold”) RESULTS OF THE GENERAL MEETINGS The Combined General Meeting of the Tradehold Ordinary Shareholders and Tradehold N Preference Shareholders (“Combined General Meeting”) and the Special General Meeting of Tradehold N Preference Shareholders (“Special General Meeting”) were held today, Monday, 22 December 2014 at 10:00 and 10:30 respectively. All the special and ordinary resolutions as set out in the notices of meetings to shareholders, dated 24 November 2014, were approved by the requisite majority of shareholders. The resolutions proposed at the Combined General Meeting, and the details of the results are set out in the table below: Number of Number of Number of % votes votes for votes votes in the against the abstained favour Resolution proposed resolution resolution of SPECIAL RESOLUTION NUMBER 1 Creation of 65,000,000 A Preference Shares 181 999 025 0 231 575 85.45% SPECIAL RESOLUTION NUMBER 2 Creation of 40,000,000 Unspecified Preference Shares 181 999 025 0 231 575 85.45% SPECIAL RESOLUTION NUMBER 3 Amendments to the Memorandum of Incorporation 181 999 025 0 231 575 85.45% ORDINARY RESOLUTION NUMBER 1 Authority to Directors to issue A Preference Shares 181 999 025 0 231 575 85.45% ORDINARY RESOLUTION NUMBER 2 Authority to Directors to issue Unspecified Preference 181 999 025 0 231 575 85.45% Shares SPECIAL RESOLUTION NUMBER 4 Authority to issue the Vaughan Shares to Vaughan pursuant to the Vaughan Transaction 182 230 600 0 231 575 85.56% ORDINARY RESOLUTION NUMBER 3 General authority to Directors to do all such things, sign all such 182 230 600 0 231 575 85.56% documents and take all such actions as may be necessary for or incidental to the implementation of above resolutions The resolutions proposed at the Special General Meeting, and the details of the results are set out in the table below: Number of Number of Number of % votes votes for votes against votes in the the abstained favour Resolution proposed resolution resolution of SPECIAL RESOLUTION NUMBER 1 Creation of 65,000,000 A 100% Preference Shares 0 0 57 391 218 SPECIAL RESOLUTION NUMBER 2 Creation of 40,000,000 Unspecified Redeemable 57 391 218 0 0 100% Preference Shares SPECIAL RESOLUTION NUMBER 3 Amendments to the Memorandum of Incorporation 57 391 218 0 0 100% ORDINARY RESOLUTION NUMBER 1 General authority to Directors to do all such things, sign all such documents and take all such actions as may be necessary for or incidental to the 57 391 218 0 0 100% implementation of above resolutions The special resolutions will be filed with the Companies andIntellectual Property Commission in due course. Cape Town 22 December 2014 Sponsor Bravura Capital (Pty) Ltd Independent Expert Nodus Capital (Pty) Ltd Corporate Advisor Mettle Specialised Finance Proprietary Limited Attorneys Cliffe Dekker Hofmeyr Inc Date: 22/12/2014 05:00:00 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.