Results of Annual General Meeting and Special General Meeting Indequity Group Limited Incorporated in the Republic of South Africa Registration number: 1998/015883/06 Share code: IDQ ISIN code: ZAE000016606 (“Indequity” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING AND SPECIAL GENERAL MEETING Results of annual general meeting Indequity Shareholders (“Shareholders”) are hereby advised that at the annual general meeting of Shareholders held at 10h00 on Wednesday, 21 January 2015 (“the AGM”), all of the ordinary and special resolutions contained in the notice of AGM, forming part of the 2014 Indequity Annual Report, were passed by the requisite majority of votes of shareholders present in person or represented by proxy at the AGM. Details of the results of voting at the AGM are as follows: - Total number of issued ordinary shares (“Shares”): 12 515 000 - Total number of issued Shares net of treasury shares: 11 415 632 (“AGM Total Votable Shares”) - Total number of issued Shares which were voted in person or represented by proxy: 5 593 290 Shares, being 45% of the total issued Shares and 49% of the AGM Total Votable Shares Shares Shares Total Total Total Shares voted for voted Shares Shares Shares abstained (% total against voted voted (% voted (% (% of total Shares (% total (number) of total of AGM Shares in voted) Shares Shares in Total issue) voted) issue) Votable Shares) 1 To adopt the 100% 0% 5 593 290 45% 49% 0% annual financial statements 2 To re-appoint 100% 0% 5 593 290 45% 49% 0% KPMC Inc., with T Bashall as audit partner, as auditors until the next annual general meeting and authorise the directors to determine and pay the auditors remuneration 3 To approve that 100% 0% 5 593 290 45% 49% 0% KPMG Services Proprietary Limited provide JSE sponsor services to Indequity, although KPMG Inc. are the auditors of the group 4 To re-elect G 100% 0% 5 593 290 45% 49% 0% Williamson as non- executive director 5 To elect G 100% 0% 5 593 290 45% 49% 0% Williamson, JF Zwarts and A van Jaarsveldt as members of the Audit and risk committee 6 To elect G 100% 0% 5 593 290 45% 49% 0% Williamson, JF Zwarts, A van Jaarsveldt as members of the social and ethics committee 7 Special resolution 100% 0% 5 593 290 45% 49% 0% No.1: Repurchase of Shares Special Resolution 100% 0% 5 593 290 45% 49% 0% No.2: Directors Remuneration Special Resolution 100% 0% 5 593 290 45% 49% 0% No.3: Financial Assistance 8 Ordinary 100% 0% 5 593 290 45% 49% 0% Resolutions No.1: To place the unissued shares of the Company under the control of Directors Ordinary 100% 0% 5 593 290 45% 49% 0% Resolutions No.2: To issue shares or sell treasury shares for cash Ordinary 100% 0% 5 593 290 45% 49% 0% Resolutions No.3: Authority to sign documents Ordinary 100% 0% 5 593 290 45% 49% 0% Resolutions No.4: Authorisation of remuneration policy Results of special general meeting Shareholders are referred to the announcement published on the Stock Exchange News Service of the JSE Limited on 19 December 2014, regarding the proposed repurchase of treasury shares, posting of circular (“Circular”) and notice of special general meeting of Shareholders (“Special General Meeting”), and are hereby advised that at the Special General Meeting held at 11h00 on Wednesday, 21 January 2015, all of the ordinary and special resolutions contained in the notice of Special General Meeting, forming part of the Circular, were passed by the requisite majority of votes of shareholders present in person or represented by proxy at the Special General Meeting. Details of the results of voting at the Special General Meeting are as follows: - Total number of issued Shares: 12 515 000 - Total number of issued Shares net of treasury shares: 11 415 632 (“Special General Meeting Total Votable Shares”) - Total number of issued Shares which were voted in person or represented by proxy: 5 593 290 Shares, being 45% of the total issued Shares and 49% of the Special General Meeting Total Votable Shares Shares Shares Total Total Total Shares voted for voted Shares Shares Shares abstained (% total against voted voted (% voted (% of total Shares (% total (number) of total (% of Shares in voted) Shares Shares in Special issue) voted) issue) General Meeting Total Votable Shares) 1 Special Resolution 100% 0% 5 593 290 45% 49% 0% No.1: Repurchase 2 Special Resolution 100% 0% 5 593 290 45% 49% 0% No.2: Potential revocation of special resolution No. 1 in the event of Shareholders exercising their appraisal rights 3 Ordinary resolution 100% 0% 5 593 290 45% 49% 0% No.1: Signing authority Johannesburg 21 January 2015 Sponsor KPMG Services (Pty) Ltd Date: 21/01/2015 05:21:00 Produced by the JSE SENS Department. 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