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HULAMIN LIMITED - Report on proceedings at the annual general meeting and general meeting held on 23 April 2015

Release Date: 23/04/2015 17:07
Code(s): HLM     PDF:  
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Report on proceedings at the annual general meeting and general meeting held on 23 April 2015

HULAMIN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1940/013924/06)
ISIN: ZAE000096210
Share Code: HLM
("Hulamin")

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING AND GENERAL MEETING HELD ON 23 APRIL 2015

At the Hulamin (75th) annual general meeting ("AGM") of its shareholders held today, 23 April 2015, all the ordinary
and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard,
Hulamin confirms the voting statistics from the AGM as follows:

Shares voted in relation to the total issued share capital:

Number of shares
voted                       Total issued share capital          Percentage shares voted
218 655 573                 319 596 836                         68.42

                                                                Votes carried disclosed as            Shares
                                                                 a percentage in relation          abstained
                                                                  to the total number of      disclosed as a
                                                                    shares voted at the        percentage in
                                                                          meeting            relation to the
                                                                                                total issued
                                                                       For       Against       share capital
                                                                                               
1.     Adoption of annual financial statements                   97.88319%      2.11681%            0.00007%
2.     Confirmation of appointment of auditors – retaining
       the services of PricewaterhouseCoopers and to re-
       appoint H Govind as the designated auditor               100.00000%      0.00000%            0.00007%          
3.     Re-election of directors retiring by rotation:
3.1.   L C Cele                                                  99.97765%      0.02235%            0.00007%
3.2.   N N A Matyumza                                            98.12546%      1.87454%            0.00007%
3.3.   S P Ngwenya                                               99.97765%      0.02235%            0.00007%
3.4.   R G Jacob                                                 99.97765%      0.02235%            0.00007%
4.     Appointment of group Audit Committee members
       and T P Leeuw as chairman of the group Audit
       Committee:
4.1.   L C Cele                                                  99.97765%      0.02235%            0.00007%
4.2.   T P Leeuw as chairman                                     98.12546%      1.87454%            0.00007%
4.3.   N N A Matyumza                                            98.10432%      1.89568%            0.00007%
5.     Special resolution number 1: Approval of non-executive
       directors' fees                                           98.14781%      1.85219%            0.00007%     
6.     Special resolution number 2: Provision of financial
       assistance                                               100.00000%      0.00000%            0.00007%
7.     Non-binding advisory vote – remuneration policy           83.13017%     16.86983%            8.44702%

Report on proceedings at the general meeting

At the general meeting of shareholders of Hulamin held today, 23 April 2015 ("General Meeting"), to consider the
business of a Broad-Based BEE Transaction involving the participation of eligible employees and strategic Black
Partners, as detailed in the circular posted to shareholders on Tuesday, 24 March 2015, all the ordinary and special
resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, Hulamin
confirms the voting statistics from the General Meeting as follows:

Number of shares voted        Total issued share capital                    Percentage shares voted
241 190 761                   319 596 836                                   75.47

                                                                            Votes carried disclosed as          Shares
                                                                             a percentage in relation        abstained
                                                                              to the total number of    disclosed as a
                                                                                shares voted at the     percentage  in
                                                                                      meeting          relation to the
                                                                                                          total issued
                                                                                                         share capital
                                                                                   For       Against            
                                                                                                          
                                                                                                                 
1.   Special resolution number 1 –
     decreasing the number of authorised shares                             100.00000%      0.00000%          0.00007%
2.   Special resolution number 2 –
     conversion of ordinary shares from par value to no par value           100.00000%      0.00000%          0.00007%  
3.   Special resolution number 3 –
     increasing the number of authorised shares                             100.00000%      0.00000%          0.00007%     
4.   Special resolution number 4 –
     amendment of the Memorandum of Incorporation                           100.00000%      0.00000%          0.00007%     
5.   Ordinary Resolution Number 1 –
     approval of the BEE transaction                                         99.28838%      0.71162%          0.00007%    
6.   Ordinary Resolution Number 2 –
     approval of the ESOP                                                   100.00000%      0.00000%          0.00007%     
7.   Special resolution number 5 –
     issue of A Ordinary Shares and B Ordinary Shares                       100.00000%      0.00000%          0.00007%     
8.   Special resolution number 6 –
     Acquisition of the A Ordinary Shares and B Ordinary Shares at          
     maturity                                                               100.00000%      0.00000%          0.00007%
9.   Special resolution number 7 –
     financial assistance                                                    99.28838%      0.71162%          0.00007%
     

The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property
Commission in due course.

Pietermaritzburg
23 April 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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