Results of the annual general meeting Bell Equipment Limited (Incorporated in the Republic of South Africa) (Registration No. 1968/013656/06) Share code: BEL ISIN: ZAE000028304 (“Bell” or the “Company”) RESULTS OF THE ANNUAL GENERAL MEETING At the 48th Annual General Meeting ("AGM") of Bell shareholders held on 5 May 2016, the following resolutions, as set out in the notice of annual general meeting incorporated in the Integrated Annual Report and distributed to shareholders on 31 March 2016, were duly approved by the requisite majority of votes. In this regard, Bell confirms the voting statistics from the AGM as follows: Shares voted in relation to the total issued share capital: Number of shares Total issued share Percentage shares voted capital voted 77 715 034 95 146 885 81.68% Votes carried disclosed as a Number of Shares voted Shares percentage in shares voted disclosed as a abstained relation to the percentage in disclosed as a total number of relation to percentage in shares voted at the total relation to the the meeting issued share total issued capital* share capital* Resolutions For Against 1. Adoption of the annual financial statements for the period ended 31 100% 0% 77 715 034 81.68% 0.04% December 2015 2.1. Election of Mr J Barton as a director 100% 0% 77 715 034 81.68% 0.04% 3.1 Election of Mr DH Lawrance as non-executive director of the Company 100% 0% 77 715 034 81.68% 0.04% 3.2 Election of Mr HR van der Merwe as non-executive director of the 100% 0% 77 715 034 81.68% 0.04% Company 4.1. To appoint Mr DH Lawrance as chairman and a member of the audit 100% 0% 77 715 034 81.68% 0.04% committee 4.2. To appoint Ms B Harie as a member of the audit committee 100% 0% 77 715 034 81.68% 0.04% 4.3. To appoint Mr J Barton as a member of the audit committee 98.42% 1.58% 77 715 034 81.68% 0.04% 5. Appointment of Deloitte & Touche as the auditors of the Company 100% 0% 77 715 034 81.68% 0.04% 6. Remuneration policy 93.85% 6.15% 73 214 551 76.95% 4.77% 7. Placement of the authorised but unissued shares under the control of the directors 92.33% 7.67% 77 715 034 81.68% 0.04% Special Business 1. The granting of financial assistance in terms of Section 45 of the Companies Act, No 71 of 100% 0% 77 715 034 81.68% 0.04% 2008, as amended 2. Non-Executive directors’ remuneration for the 2017 financial 97.80% 2.20% 77 715 034 81.68% 0.04% year 3.1 Remuneration payable to Chairman JR Barton for fees as a 97.80% 2.20% 77 715 034 81.68% 0.04% non-executive chairman for the period 4 May 2015 to 31 December 2016 3.2 Remuneration payable to non- executive directors Mr DH Lawrance and Mr HR van der Merwe for fees as non-executive directors for the 97.80% 2.20% 77 715 034 81.68% 0.04% period 1 January 2016 to 31 December 2016 4. General authority to repurchase 98.42% 1.58% 77 715 034 81.68% 0.04% shares *Total issued share capital is 95 146 885. Richards Bay 9 May 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 09/05/2016 01:50:00 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.