Results of Annual General Meeting Cargo Carriers Limited (Incorporated in the Republic of South Africa) (Registration number 1959/003254/06) Share code: CRG ISIN Code: ZAE000001764 (“Cargo Carriers” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING (“AGM”) Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 23 July 2015, all the resolutions tabled at the meeting were passed by the requisite majority of shareholders. Details of the results of voting at the annual general meeting are as follows: - Total number of Cargo Carriers shares in issue at the date of the annual general meeting: 20 000 000 - Total number of Cargo Carriers shares that could have been voted at the annual general meeting on resolutions proposed pursuant to the provisions of the Listings Requirements (issued shares excluding 593 710 treasury shares): 19 406 290 - Total number of Cargo Carriers shares that were present/represented at the annual general meeting: 16 313 632, being 81.57% of the total number of shares in issue Resolution proposed For Against: Abstain Total Votes % % (% of (excluding issued abstentions) share capital) Ordinary resolution number 1 – Acceptance of Annual financial 16 313 632 0 0 statements 100% 0.00% 0.00% 16 313 632 Ordinary resolution number 2 – Director Appointment – 15 947 867 365 765 0 Mr V Raseroka 97.76% 2.24% 0.00% 16 313 632 Ordinary resolution number 3 – Director retirement and re- 16 313 632 0 0 election – Mrs MJ Vuso 100% 0.00% 0.00% 16 313 632 Ordinary resolution number 4 – Director retirement and re- 15 869 310 365 765 78 557 election – Mrs BB Fraser 97.28% 2.24% 0.48% 16 235 075 Ordinary resolution number 5 – Approval of Remuneration 16 235 075 78 557 0 Policy 99.52% 0.48% 0.00% 16 313 632 Ordinary resolution number 6 – Appointment and remuneration 16 313 632 0 0 of auditors 100% 0.00% 0.00% 16 313 632 Ordinary resolution number 7 – Appointment Audit Committee 16 313 632 0 0 member – AE Franklin 100% 0.00% 0.00% 16 313 632 Ordinary resolution number 8 – Appointment of Audit Committee 15 869 310 444 322 0 member – V Raseroka 97.28% 2.72% 0.00% 16 313 632 Ordinary resolution number 9 – Appointment of Audit Committee 16 313 632 0 0 member – MJ Vuso (Chairman) 100% 0.00% 0.00% 16 313 632 Ordinary resolution number 10 - Appointment of audit committee 16 313 632 0 0 member – SP Mzimela 100% 0.00% 0.00% 16 313 632 Ordinary resolution number 11 - Approval of general authority to allot and issue 13 086 835 3 226 797 0 shares for cash 80.22% 19.78% 0.00% 16 313 632 Special resolution number 1 – Approval non-Executive 16 313 632 0 0 Directors’ remuneration 100% 0.00% 0.00% 16 313 632 Special resolution number 2 – General authority to enter into funding agreements, provide loans or other 16 313 632 0 0 financial assistance 100% 0.00% 0.00% 16 313 632 Johannesburg 24 July 2015 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 24/07/2015 04:54:00 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.