Results of general meeting and change in role of director LABAT AFRICA LIMITED (Incorporated in the Republic of South Africa) (Registration number 1986/001616/06) (“Labat” or “the Company”) ISIN Code: ZAE 000018354 Share code: LAB RESULTS OF GENERAL MEETING RELATING TO THE ACQUISITION OF REINHARDT TRANSPORT GROUP LIMITED (“RTG”) AND CHANGE IN ROLE OF NON-EXECUTIVE DIRECTOR Results of general meeting The directors of Labat are pleased to announce that, further to the announcement released on SENS on 16 November 2015, at the general meeting of Labat held on 18 December 2015, convened in terms of the notice of general meeting contained in the circular to shareholders dated 18 November 2015, the voting information is as follows: Total issued number of ordinary shares: 259 202 297 Total number of ordinary shares eligible for voting (excluding 255 992 274 3 210 023 Treasury Shares) Number of ordinary shares represented at the meeting: 144 934 407 Percent of ordinary shares represented at the meeting: 55.92% 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 Abstentions (%) % voted Ordinary Resolution Number 1 – 144 814 407 - 144 814 407 120 000 Approval of the acquisition of RTG (100%) (0.00%) (100%) (0.00%) Special Resolution Number 1 – 144 814 407 - 144 814 407 120 000 Authority to issue more than 30% new shares (100%) (0.00%) (100%) (0.00%) Ordinary Resolution Number 2 – 144 814 407 - 144 814 407 120 000 Approval of Specific Authority to Issue Shares for Cash (100%) (0.00%) (100%) (0.00%) Ordinary Resolution Number 3 – Signature of documents and 144 814 407 - 144 814 407 120 000 authority of directors and/or company secretary (100%) (0.00%) (100%) (0.00%) Change in role of a non-executive director Shareholders are advised that Mr Dawood Asmal has been appointed as Financial Director of RTG and his role at Labat will change from non-executive to executive director with effect from the date of acquisition of RTG. Salient dates of the private placement of shares Shareholders are reminded of the salient dates of the private placement below: 2015 Opening of private placement at 09h00 on Monday, 21 December Closing of private placement at 12h00 on Wednesday, 23 December Listing of Shares issued in terms of the Private Placement and transfer of the listing to the Transport Sector of the Main Board Wednesday, 30 December from commencement of trade on Any changes to the above dates and times will be announced on SENS. By order of the board. Johannesburg 18 December 2015 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 18/12/2015 03:40:00 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.