Results Of The Annual General Meeting Zeder Investments Limited Incorporated in the Republic of South Africa Registration number: 2006/019240/06 JSE share code: ZED ISIN code: ZAE000088431 (“Zeder” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING OF ZEDER Shareholders are hereby advised that all of the ordinary and special resolutions tabled at the annual general meeting of Zeder held on 24 June 2016 at Spier Wine Estate, Baden Powell Drive, Stellenbosch were passed by the requisite majority, with the exception of ordinary resolutions number 2, 3 and 7 which were withdrawn prior to the annual general meeting. The detailed voting results of the annual general meeting are set out below: Votes for as a Votes against Number of Number of Number of shares percentage of as a percentage shares voted at shares voted as abstained as a total number of of total number the annual a percentage of percentage of shares voted of shares voted general meeting votes votes exercisable (%) (%) exercisable (%) (%) Ordinary 100.00 - 934 217 080 61.35 0.07 Resolution Number 1: To confirm Prof ASM Karaan’s appointment as director Ordinary 92.72 7.28 832 494 943 54.67 6.75 Resolution Number 4: To re-elect Mr CA Otto as director Ordinary 92.52 7.48 934 217 080 61.35 0.07 Resolution Number 5: To re-appoint Mr CA Otto as a member of the audit and risk committee Ordinary 99.47 0.53 934 217 080 61.35 0.07 Resolution Number 6: To re-appoint Mr GD Eksteen as a member of the audit and risk committee Ordinary 100.00 - 934 217 080 61.35 0.07 Resolution Number 8: To appoint Prof ASM Karaan as a member of the audit and risk committee Ordinary 100.00 - 934 217 080 61.35 0.07 Resolution Number 9: To re-appoint Pricewaterhouse Coopers Inc. as the auditor Ordinary 81.95 18.05 934 217 080 61.35 0.07 Resolution Number 10: General authority to issue ordinary shares for cash Special Resolution 100.00 - 934 217 080 61.35 0.07 Number 1: Inter- company financial assistance Special Resolution 100.00 - 934 217 080 61.35 0.07 Number 2: Financial assistance for acquisition of shares in a related or inter- related company Special Resolution 98.58 1.42 934 217 080 61.35 0.07 Number 3: Share buy-back by Zeder and its subsidiaries Special Resolution 100.00 - 934 217 080 61.35 0.07 Number 4: Amendment to the memorandum of incorporation of Zeder in relation to fractions Special Resolution 98.68 1.32 934 217 080 61.35 0.07 Number 5: Increase in authorised share capital Special Resolution 99.04 0.96 934 217 080 61.35 0.07 Number 6: Consequential amendment to the memorandum of incorporation of Zeder as a result of the increase in authorised share capital CHANGE TO THE BOARD OF DIRECTORS In compliance with paragraph 3.59(b) of the JSE Listings Requirements, Zeder advises that Messrs AE Jacobs and WA Hanekom have retired from the board of directors (“the Board”) with effect from 24 June 2016. The Board wishes to thank Messrs Jacobs and Hanekom for their contribution to the Company over the years. 24 June 2016 Stellenbosch Sponsor PSG Capital Date: 24/06/2016 05:15:00 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.