TELEMASTERS HOLDINGS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

TELEMASTERS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 2006/015734/06
Share code: TLM & ISIN Number: ZAE000093324
(“TeleMasters” or “the Company” or “the Group”)


RESULTS OF ANNUAL GENERAL MEETING (“AGM”)


Shareholders are advised that at the annual general meeting of shareholders held on Friday, 4
March 2016, all the resolutions tabled at the meeting were unanimously passed by TeleMasters
shareholders present and entitled to vote at the meeting.

Details of the results of voting at the annual general meeting are as follows:

   -   Total number of TeleMasters shares in issue at the date of the annual general meeting:
       42 000 000
   -   Total number of TeleMasters shares that could have been voted at the annual general
       meeting (excluding treasury shares): 42 000 000
   -   Total number of TeleMasters shares that were present/represented at the annual general
       meeting: 38 598 694, being 91.90% of the total number of TeleMasters shares that could
       have been voted at the annual general meeting

Resolution proposed                                     For     Against:      Abstain   Total Votes
                                                         %             % (% of issued  (excluding
                                                                                share   abstentions)
                                                                              capital)

Ordinary resolution number 1 –                  38 598 694
Annual financial statements                          100%             0%           0%    38 598 694

Ordinary resolution number 2 –
Director retirement and re-election – Mr DS     38 598 694
van der Merwe                                        100%             0%           0%    38 598 694

Ordinary resolution number 3 –                  38 598 694
Director appointment – Mr J Voigt                    100%             0%           0%    38 598 694

Ordinary resolution number 4 –                  38 598 694
Directors’ remuneration                              100%             0%           0%    38 598 694

Ordinary resolution number 5 –                  38 598 694
Appointment of auditors and remuneration             100%             0%           0%    38 598 694

Ordinary resolution number 6 –
Placing un-issued shares under the control      38 598 694
of the directors                                     100%             0%           0%    38 598 694

Ordinary resolution number 7 –                  38 598 694
General authority to issue shares for cash           100%             0%           0%    38 598 694

Ordinary resolution number 8 –
Authority to execute requisite                  38 598 694
documentation                                        100%             0%           0%    38 598 694

Ordinary resolution number 9 –                  38 598 694
Approval of dividends declared and paid              100%             0%           0%    38 598 694

Ordinary resolution number 10 –
Appointment of Mr M Erasmus as a                38 598 694
member and chair of the Audit Committee              100%             0%           0%    38 598 694

Ordinary resolution number 11 –
Appointment of J Voigt as member of the         38 598 694
Audit Committee                                      100%             0%           0%    38 598 694

Ordinary resolution number 12 –
Appointment of DS van der Merwe as              38 598 694
member of the Audit Committee                        100%             0%           0%    38 598 694

Ordinary resolution number 13 –                 38 598 694
Approval of Company Secretary                        100%             0%           0%    38 598 694

Ordinary resolution number 14 –                 38 598 694
Approval of Remuneration Policy                      100%             0%           0%    38 598 694

Special resolution number 1 –
Directors’ remuneration for year                38 598 694
commencing 1 July 2015                               100%             0%           0%    38 598 694

Special resolution number 2 –
General authority to enter into funding
agreements, provide loans or other              38 598 694
financial assistance                                 100%             0%           0%    38 598 694

Johannesburg
7 March 2016

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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