Results of Annual General Meeting and Changes to the Board of Directors Safari Investments (RSA) Limited Approved as a REIT by the JSE Limited Incorporated in the Republic of South Africa (Registration number: 2000/015002/06) Share code: SAR ISIN Code: ZAE000188280 (“Safari” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD OF DIRECTORS In terms of paragraph 3.91 of the JSE Listings Requirements, the Board of directors advise that all the ordinary resolutions including the special resolutions, other than ordinary resolution No.3 as set out in the notice of the AGM, were passed by a majority of shareholder votes at the AGM held yesterday at Waterkloof Ridge, Pretoria. Altogether 82.13% of voteable shares, being 143 127 981 shares, were represented at the AGM. The detailed results of the voting are as follows: % % % voted ABSTAIN AGAINST % FOR Number of of ED of of of shares issued issued shares shares Resolution voted shares shares voted voted Ordinary No. 1: 143 127 686 82.13 0.00017 0 100 Re-election of Dr M Minnaar as a director Ordinary No. 2: 143 127 686 82.13 0.00017 0 100 Re-election of Dr JP Snyman as a director Ordinary No. 3: 142 873 535 82.13 0.00017 86.92 13.08 Re-election of Dr PA Pienaar as a director Ordinary No. 4: 142 589 180 82.13 0.30919 0 100 Election of Mr JZ Engelbrecht as a director Ordinary No. 5: 143 127 686 82.13 0.00017 0 100 Election of Ms Khanyile as a director Ordinary No. 6: 140 447 328 82.13 1.538 0.01 99.99 Re-appointment of auditors, Mazars Ordinary No. 7: 143 127 686 82.13 0.00017 0 100 Re-appointment of Dr JP Snyman as audit committee member Ordinary No. 8: 141 624 328 82.13 0.86287 0 100 Re-appointment of Ms FN Khanyile as audit committee member Ordinary No. 9: 143 127 686 82.13 0.00017 0 100 Re-appointment of Mr AE Wentzel as audit committee member and chairman Ordinary No. 10: 143 127 686 82.13 0.00017 1.32 98.68 Placing unissued ordinary shares under the control of the directors Ordinary No. 11: 143 127 435 82.13 0.00031 1.32 98.68 General authority to issue authorised but unissued ordinary shares for cash Ordinary No. 12: 141 624 077 82.13 0.86287 0 100 Authority of Company Secretary to give effect to all resolutions Special No. 1: 141 624 328 82.13 0.86287 0 100 Approval of remuneration of non-executive and executive directors Special No. 2: 141 624 328 82.13 0.86 6.84 93.16 Approval of financial assistance in terms of section 45 of the Companies Act Special No. 3: 141 624 328 82.13 0.86 0.72 99.28 Authority to increase authorised share capital and amendment to the Memorandum of Incorporation Special No. 4: 141 624 328 82.13 0.86287 0 100 Authority to repurchase shares Special Resolution No.3 requires registration with the Companies and Intellectual Property Commission. CHANGES TO THE BOARD OF DIRECTORS In compliance with rule 3.59(c) of the Listings Requirements of the JSE Limited, shareholders of the Company are hereby advised that the Board has taken a decision to reduce the board from ten members to eight and in this regard, to ensure continuity, Mr SJ Kruger and Mr JC Verwayen have agreed to remain as alternate directors to Mr FJJ Marais and Mr K Pashiou respectively. Accordingly, Mr SJ Kruger and Mr JC Verwayen are no longer non-executive directors of the Company. Furthermore, given that ordinary resolution No.3 was not passed by shareholders, Dr PA Pienaar is no longer a director of the Company. Pretoria 6 August 2015 Sponsor: PSG Capital Proprietary Limited Date: 06/08/2015 01:25:00 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.