Results of General Meeting Insimbi Refractory and Alloy Supplies Limited (Incorporated in the Republic of South Africa) (Registration number: 2002/029821/06) Share code: ISB ISIN: ZAE000116828 (“Insimbi” or “the Company”) RESULTS OF GENERAL MEETING Shareholders are referred to the SENS announcements published on 29 February 2016 and 31 March 2016 whereby notice was given regarding the general meeting (“GM”) to approve the resolutions as contained in the circular posted to Insimbi shareholders on 31 March 2016. Shareholders are now notified that at the GM held on 3 May 2016, both ordinary resolution 1, 2 and 3 and special resolution 1, 2 and 3 proposed were duly passed by the requisite majority of votes. The total number of Insimbi shares eligible to be voted at the GM was 237,196,631 and the total number of issued share capital of the same class of Insimbi shares is 260,000,000. The number of shares voted in person or by proxy was 211,024,554 representing 81.16% of the total issued share capital of the same class of Insimbi shares. All resolutions proposed at the GM, together with the percentage of shares abstained (as a percentage of total issued share capital of the Company), as well as the percentage of votes carried for and against each resolution, are as follows: 1. Ordinary resolution number 1 – EmployeeCo specific issue for cash FOR AGAINST ABSTAIN 211,024,554 0 0 100% 0% 0% 2. Ordinary resolution number 2 – ManCo sale of treasury shares (specific issue for cash) FOR AGAINST ABSTAIN 211,024,554 0 0 100% 0% 0% 3. Ordinary resolution number 3 – Authorisation of Directors FOR AGAINST ABSTAIN 211,024,554 0 0 100% 0% 0% 4. Special resolution number 1 – Approval of the specific share repurchase FOR AGAINST ABSTAIN 211,024,554 0 0 100% 0% 0% 5. Special resolution number 2 – Approval of financial assistance to EmployeeCo FOR AGAINST ABSTAIN 211,024,554 0 0 100% 0% 0% 6. Special resolution number 3 – Approval of financial assistance to ManCo FOR AGAINST ABSTAIN 211,024,554 0 0 100% 0% 0% Johannesburg 3 May 2016 Sponsor: Bridge Capital Advisors Proprietary Limited Transaction Advisor: Nodus Capital Proprietary Limited Legal Advisor: Webber Wentzel Attorneys Date: 03/05/2016 03:05:00 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.