Report on proceedings at the general meeting PETMIN LIMITED Incorporated in the Republic of South Africa Registration Number 1972/001062/06 Share Code JSE: PET ISIN: ZAE000076014 ("Petmin" or "the Company") REPORT ON PROCEEDINGS AT THE GENERAL MEETING The board is pleased to announce that a general meeting of the shareholders of Petmin was held on 9 November to approve the BEE transaction, as published on SENS on 10 June 2015. 65% of Petmin's shareholders, representing 345,330,006 out of 533,581,694 issued shares that could be exercised at the meeting, were present in person or by representation. All the resolutions proposed at the meeting were approved by the requisite majority of votes. All material conditions precedent to the BEE transaction have now been fulfilled, and Petmin will now implement the transaction that will result in 20% of the equity in Tendele Coal Mining Company (Pty) Ltd ("Tendele") being held for the benefit of the children of the Mpukunyoni Community and the employees of Tendele. In this regard, Petmin confirms the voting statistics from the AGM as follows: Ordinary Resolution number 1 Approval of the BEE transaction Votes carried disclosed as a percentage of shares voted at meeting For: 345,314,919 (99.99%) Against: 14,087 (<0.01%) Abstain: 1,000 (<0.01%) Special Resolution number 1 Granting of financial assistance in connection with the Transaction Agreements Votes carried disclosed as a percentage of shares voted at meeting For: 345,316,053 (99.99%) Against: 12,953 (<0.01%) Abstain: 1,000 (<0.01%) The special resolution will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. Petmin Bradley Doig +27 11 706 1644 Media Jonathon Rees +27 76 185 1827 Johannesburg 10 November 2015 Sponsor and Corporate Advisor River Group Date: 10/11/2015 10:46:00 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.