Results of Annual General Meeting Bowler Metcalf Limited (Registration number 1972/005921/06) Share code: BCF ISIN number: ZAE000030797 (“Bowler Metcalf” or “the company”) RESULTS OF ANNUAL GENERAL MEETING (“AGM”) The board of directors is pleased to announce the results of the AGM held on Wednesday, 2 December 2015. Total issued number of ordinary shares: 88 428 066 Total number of ordinary shares eligible for voting (excluding 5 629 003 Treasury Shares) 82 799 063 Number of ordinary shares represented at the meeting: 56 853 248 Number of ordinary shares eligible to vote 51 224 245 Percent of ordinary shares represented at the meeting: 64.3% The resolutions proposed at the general meeting, together with the percentage of votes carried for and against each resolution, are set out below: Resolution For Against Shares voted Abstentions (%) % Ordinary resolution No 1: 42 550 097 16 736 42 566 833 8 657 412 Approval of annual financial statements 99.9% 0.1% 100% 9.8% Ordinary resolution No 2: Endorsement of directors remuneration 31 677 278 10 889 555 42 566 833 8 657 412 policy 74.4% 25.6% 100% 9.8% Ordinary resolution No 3: 51 220 255 3 990 51 224 245 - Re-Election of director – Brian Frost 100% 0% 100% 0% Ordinary resolution No 4: 51 224 245 - 51 224 245 - Re-Election of director – Craig MacGillivray 100% 0% 100% 0% Ordinary resolution No 5: 51 224 245 - 51 224 245 - Director’s authority to negotiate and sign 100% 0% 100% 0% Ordinary resolution No 6: 51 224 245 - 51 224 245 - Reappointment of auditors 100% 0% 100% 0% Ordinary resolution No 7.1: Re-Election of Audit and Risk Committee 51 224 245 - 51 224 245 - member – Craig MacGillivray 100% 0% 100% 0% Ordinary resolution No 7.2: Re-Election of Audit and Risk Committee 50 797 486 426 759 51 224 245 - member – Brian Frost 99% 1% 100% 0% Ordinary resolution No 7.3: Re-Election of Audit and Risk Committee 51 224 245 - 51 224 245 - member - Sarah Gillett 100% 0% 100% 0% Special resolution No 1: 51 220 255 3 990 51 224 245 - General authority to repurchase shares 100% 0% 100% 0% Special resolution No 2: 51 220 255 3 990 51 224 245 - Provision of financial assistance 100% 0% 100% 0% Special resolution No 3: 51 220 255 3 990 51 224 245 - Non-executive directors fees 100% 0% 100% 0% Cape Town 3 December 2015 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 03/12/2015 04:52:00 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.