CARGO CARRIERS LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("Cargo Carriers" or "the Company" or “the Group”)


RESULTS OF THE ANNUAL GENERAL MEETING


Shareholders are advised that at the Annual General Meeting (“AGM”) of shareholders held on Thursday,
21 July 2016, all the resolutions tabled at the meeting were passed by the requisite majority of shareholders.

Details of the results of voting at the AGM are as follows:

    -   Total number of Cargo Carriers shares in issue at the date of the AGM: 21 052 632
    -   Total number of Cargo Carriers shares that could have been voted at the AGM on resolutions proposed
        pursuant to the provisions of the Listings Requirements (issued shares excluding 593 710 treasury shares):
        20 458 922
    -   Total number of Cargo Carriers shares that were present/represented at the AGM: 16 095 783, being
        78.67% of the total number of ordinary shares that could have been voted on at the AGM.

                                                                                      Abstain          Total Votes
                                                             For    Against:     (% of issued           (excluding
Resolution proposed                                           %          %     share capital)         abstentions)
 
Ordinary resolution number 1 –                        16 095 783          0                  0
Acceptance of financial statements                          100%      0.00%              0.00%          16 095 783
 
Ordinary resolution number 2 –                        16 095 783          0                  0
Director appointment – J Kriel                              100%      0.00%              0.00%          16 095 783
 
Ordinary resolution number 3 –                        16 095 783          0                  0
Director retirement and re-election – AE Franklin           100%      0.00%              0.00%          16 095 783
 
Ordinary resolution number 4 –                        16 095 783          0                  0
Director retirement and re-election – SP Mzimela            100%      0.00%              0.00%          16 095 783
 
Ordinary resolution number 5 –                        16 095 783          0                  0
Approval of remuneration policy                             100%      0.00%              0.00%          16 095 783
 
Ordinary resolution number 6 –                        16 095 783          0                  0
Appointment and remuneration of auditors                    100%      0.00%              0.00%          16 095 783
 
Ordinary resolution number 7 –
Appointment of audit committee member –               16 095 783          0                  0
MJ Vuso                                                     100%      0.00%              0.00%          16 095 783
 
Ordinary resolution number 8 –
Appointment of audit committee member –               16 095 783          0                  0
AE Franklin                                                 100%      0.00%              0.00%          16 095 783
 
Ordinary resolution number 9 –
Appointment of audit committee member –               16 095 783          0                  0
V Raseroka                                                  100%      0.00%              0.00%          16 095 783
 
Ordinary resolution number 10 –
Appointment of audit committee member –               16 095 783          0                  0
SP Mzimela                                                  100%      0.00%              0.00%          16 095 783
 
Ordinary resolution number 11 –
Approval of general authority to issue shares for
cash                                                  13 008 422  3 087 631                  0
                                                          80.82%     19.18%              0.00%          16 095 783
Special resolution number 1 –
Approval of non-executive directors’ fees             16 095 783          0                  0
                                                            100%      0.00%              0.00%          16 095 783
Special resolution number 2 –
Approval of general authority to provide financial    16 095 783          0                  0
assistance                                                  100%      0.00%              0.00%          16 095 783

Johannesburg
22 July 2016

Sponsor
Arbor Capital Sponsors Proprietary Limited

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