Report on proceedings at the annual general meeting ALEXANDER FORBES GROUP HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number: 2006/025226/06) JSE Share Code: AFH ISIN: ZAE000191516 (“Alexander Forbes” or “the Company”) REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING At the 2015 annual general meeting (“AGM”) of the shareholders of Alexander Forbes held today, 30 July 2015 all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, the Company confirms the voting statistics from the AGM as follows: Percentage of votable shares represented in relation to the total issued share capital: Number of votable Total issued share Percentage of votable shares represented capital shares 995 887 655 1 341 426 963 74.24% Total of Total Represented Shares Total Votes in Total Votes Shares Abstained Favour Against Exercised No. % No. % No. % No. % ORDINARY RESOLUTIONS 1. Election of Directors 1.1 Mr B Petersen 995 887 579 100% 76 - 918 628 726 92.24% 77 258 853 7.76% 1.2 Mr MD Collier 995 887 579 100% 76 - 764 172 734 96.82% 31 714 845 3.18% 1.3 Mr HP Meyer 995 887 579 100% 76 - 995 885 579 99.99% 2 000 0.00% 1.4 Mr WS O’Regan 995 887 579 100% 76 - 995 885 579 99.99% 2 000 0.00% 1.5 Mr DJ Anderson 995 887 579 100% 76 - 992 582 825 99.67% 3 304 754 0.33% 1.6 Mr RM Kgosana 995 887 579 100% 76 - 995 885 579 99.99% 2 000 0.00% 2. Appointment of Audit Committee Members 2.1 Dr D Konar 995 887 579 100% 76 - 959 235 741 96.32% 36 651 838 3.68% (Chairman) 2.2 Mr M Collier 995 887 579 100% 76 - 953 960 957 95.79% 41 926 622 4.21% 2.3 Mr B Petersen 995 887 579 100% 76 - 938 076 103 94.19% 57 811 476 5.81% 3. Appointment of 995 887 579 100% 76 - 995 885 579 99.99% 2 000 0.00% Auditors 4. Authorisation of 995 887 579 100% 76 - 980 806 364 98.49% 15 081 215 1.51% Directors 5. Approval of 995 887 579 100% 76 - 860 725 782 86.43% 135 161 797 13.57% Alexander Forbes LTIP SPECIAL RESOLUTIONS S1. Non-Executive 995 887 579 100% 76 - 995 885 579 99.99% 2 000 0.00% Directors’ Remuneration S3. Issue of 995 887 579 100% 76 - 851 630 097 86.61% 131 700 082 13.39% ordinary shares for the Alexander Forbes LTIP The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. Sandton 30 July 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 30/07/2015 02:56:00 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.