Results of the meeting to adopt the proposed business rescue plan MASONITE (AFRICA) LIMITED (Incorporated in the Republic of South Africa) (Registration number 1942/015502/06) Share code: MAS ISIN: ZAE000004289 (“Masonite” or “the Company”) (Under supervision) RESULTS OF THE MEETING TO ADOPT THE PROPOSED BUSINESS RESCUE PLAN Masonite shareholders (“Shareholders”) are referred to the announcement released by Masonite on the Stock Exchange News Service on 5 May 2016 (“SENS Announcement”), which advised Shareholders of the publication of the proposed business rescue plan (“the Plan”) and of the meeting (“Meeting”) in terms of section 150 and 151 of the Companies Act, No. 71 of 2008, as amended, as well as the announcement released on Monday, 16 May 2016 where Shareholders were advised that the Meeting and voting on the Plan was adjourned until Thursday, May 19, 2016. (“Adjourned Meeting”). The purpose of the Adjourned Meeting was to obtain creditor and Shareholder approval of the Plan, details of which were summarised in the SENS Announcement. Shareholders are advised that at the Adjourned Meeting, the Plan was approved by the requisite majority of creditors and Shareholders. Details of the results of the voting at the Meeting are as follows: Proposal to adjourn the Adjourned Meeting for 45 business days as requested by TWK Investments Limited Percentage value of Percentage for Percentage against Percentage creditors voted abstentions 88.9% - 100% - Issued share capital For Against Abstentions voted 5 775 324, being 183 422, being 3.2% 5 591 902, being - 80.9% 96.8% Proposal to adjourn the Adjourned Meeting for 7 days as requested by Sappi South Africa Limited Percentage value of Percentage for Percentage against Percentage creditors voted abstentions 88.9% - 100% - Issued share capital For Against Abstentions voted 5 775 324, being 183 422, being 3.2% 5 591 902, being - 80.9% 96.8% Approval of the proposed amendment to the Plan Percentage value of Percentage for Percentage against Percentage creditors voted abstentions 88.9% 100% - - Issued share capital For Against Abstentions voted 5 775 324, being 5 775 324, being - - 80.9% 100.0% Approval of the Plan, as amended Percentage value of Percentage for Percentage against Percentage creditors voted abstentions 88.9% 100% - - Issued share capital For Against Abstentions voted 5 775 324, being 5 592 052, being 183 272, being 3.2% - 80.9% 96.8% Approval of the business rescue practitioner success fee Percentage value of Percentage for Percentage against Percentage creditors voted abstentions 88.9% 100% - - Issued share capital For Against Abstentions voted 5 775 324, being 5 592 052, being 183 272, being 3.2% - 80.9% 96.8% The Plan, as amended, remains subject to a number of conditions precedent and a further announcement or announcements will be released regarding the fulfilment and/or waiver of the outstanding conditions precedent to the transactions at the appropriate time/s. Durban 19 May 2016 Investment Bank Investec Bank Limited Sponsor Nedbank Corporate and Investment Banking Legal Advisors Norton Rose Fulbright South Africa Inc. Communication Advisors Brunswick Group Date: 19/05/2016 05:14:00 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.