VALUE GROUP LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

Value Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1997/002203/06
Share code: VLE
ISIN code: ZAE000016507
(“Value” or “the company’)


RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that, at the annual general meeting of Value held on 21 October 2015, all
resolutions as set out in the notice of the annual general meeting were passed by the requisite
majority of members. In this regard, Value confirms the voting statistics from the AGM were as
follows:

                                                                                    %            Number
     Total number of shares that could be voted at meeting                          100%         186 416 226
     Total number of shares present/represented including proxies at the meeting    72%          134 278 701
     Total number of members present in person                                      8

                                                                                                                         % of
                                             Votes in                 Votes                 Shares      Absten-         shares
                                             favour          %        against     %         voted       tions           that could
                                                                                                                        be voted
                                                                                                                       
Ordinary Resolution Number 1:
Re-election of non-executive directors:
1.1. Mr C.D. Stein                          129 349 691   99.92      100 000     0.08     129 449 691       -             -
1.2. Mr I.M. Groves                         129 899 691   99.92      100 000     0.08     129 999 691       -             -

Ordinary Resolution Number 2:
Approval of election of audit and risk
committee members:
2.1 Mr V. Mcobothi                          129 899 691   99.92      100 000     0.08     129 999 691       -             -
2.2 Mr I.M. Groves (chairman)               129 899 691   99.92      100 000     0.08     129 999 691       -             -
2.3 Mr C.D. Stein
                                            129 899 691   99.92      100 000     0.08     129 999 691       -             -
Ordinary Resolution Number 3:
Approval of re-appointment of external
auditor                                     130 199 691   99.92      100 000     0.08     130 299 691       -             -

Ordinary Resolution Number 4:
Approval of the remuneration policy by
way of a non-binding, advisory vote         108 560 991   85.91     17 810 286   14.09    126 371 277   3 928 414       2.11

Ordinary Resolution Number 5:
Approval of general authority to
directors to allot and issue authorised
but unissued ordinary shares                108 830 991   83.85     20 968 700   16.15    129 799 691   500 000         0.27

Ordinary Resolution Number 6:
Approval of authority to allot and issue
ordinary shares for cash                    111 454 233   85.87     18 345 458   14.13    129 799 691   500 000         0.27

Ordinary Resolution Number 7:
Approval of signing authority               129 599 691   99.92      100 000     0.08     129 699 691   550 000         0.30

Special Resolution Number 1:
Approval of general authority to acquire
(repurchase) company shares                 128 340 657   98.61     1 809 034    1.39     130 149 691   150 000         0.08

Special Resolution Number 2:
Approval of the remuneration of the
non-executive directors                     127 965 483   98.36     2 134 208    1.64     130 099 691   200 000         0.11

Special Resolution Number 3:
Authority to provide financial assistance
to any company or corporation which is
related or inter-related to the company     113 848 439   87.37     16 451 252   12.63    130 299 691       -             -


For and on behalf of the Board

Johannesburg
22 October 2015

Sponsor
Investec Bank Limited

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