NVEST FINANCIAL HOLDINGS LIMITED - Results of annual general meeting and retirement of independent non-executive director

Results of annual general meeting and retirement of independent non-executive director

NVEST FINANCIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015990/06)
(“NVest”)
ISIN Code: ZAE000199865     JSE Code: NVE


RESULTS OF ANNUAL GENERAL MEETING (“AGM”) AND RETIREMENT OF INDEPENDENT NON-EXECUTIVE
DIRECTOR


Results of AGM
Shareholders are advised that the AGM of NVest was held on 15 August 2016 and all the resolutions
proposed at the AGM were passed by the requisite majority.

Shareholders are further advised that Special Resolution number 3 relating to the remuneration of
non-executive directors was modified at the AGM, wherein shareholders were requested to grant
the Board of directors the authority to increase the non-executive director remuneration stipulated
in the notice of AGM for the period commencing 15 August 2016 by a maximum of 75% and to
increase the additional amounts payable to the Social and Ethics Committee Chairperson and
Remuneration Committee Chairperson to a maximum equal the additional amount payable to the
Audit and Risk Committee Chairperson, should the directors believe such increases to be
appropriate. The shareholders accepted the modification to Special Resolution number 3.


The following information is provided.

Number of ordinary shares represented at the meeting                                   297 017 261
Total issued number of ordinary shares                                                 302 741 722
Percentage of ordinary shares represented at the meeting                                    98.11%

The resolutions proposed at the AGM, together with the percentage of votes carried for and
against each resolution, are set out below:


                                                                       Abstain          Total Votes
                                                 For   Against
 Resolutions                                                       (% of issued         (excluding
                                                  %         %
                                                                 share capital)        abstentions)

 Ordinary resolution number 1 -
 Adoption of annual financial            297 017 261         -                   -     297 017 261
 statements
                                            100,00%     0,00%                0,00%         100,00%

 Ordinary resolution number 2 -
 Re-appointment and                      297 017 261         -                   -     297 017 261
 remuneration of auditors
                                            100,00%     0,00%                0,00%         100,00%

 Ordinary resolution number 3 -
 Appointment of director -               297 017 261         -                   -     297 017 261
 Michael Estment
                                            100,00%     0,00%                0,00%         100,00%

 Ordinary resolution number 4 -
 Director retirement and re-             297 017 261         -                   -     297 017 261
 election - Siviwe Kwatsha
                                            100,00%     0,00%                0,00%         100,00%
Ordinary resolution number 5 -
Re-appointment of audit and
risk committee member -              297 017 261             -                -         297 017 261
Jonathan Goldberg                       100,00%         0,00%            0,00%              100,00%
Ordinary resolution number 6 -
Appointment of audit and risk
committee member - Siviwe            297 017 261             -                -         297 017 261
Kwatsha                                 100,00%         0,00%            0,00%              100,00%

Ordinary resolution number 7 -
Approval of remuneration             297 017 261             -                -         297 017 261
policy
                                        100,00%         0,00%            0,00%              100,00%

Special resolution number 1 -
General authority to allot and       297 017 261             -                -         297 017 261
issue shares for cash
                                        100,00%         0,00%            0,00%              100,00%

Special resolution number 2 -
General authority to acquire         297 017 261             -                -         297 017 261
(repurchase) shares
                                        100,00%         0,00%            0,00%              100,00%

Special resolution number 3 -
Independent non-executive            297 017 261             -                -         297 017 261
directors' remuneration
                                        100,00%         0,00%            0,00%              100,00%
Special resolution number 4 -
General authority to enter
into funding agreements,             297 017 261             -                -         297 017 261
provide loans or other
financial assistance                    100,00%         0,00%            0,00%              100,00%


Retirement of Independent Non-Executive Director
In terms of paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are advised
that Mr John Ross-Smith has retired as an independent non-executive Director of NVest with effect
from 15 August 2016.

The Board would like to thank Mr Ross-Smith for his extremely valuable guidance and contribution
to the Group during his tenure.

A further announcement will be published as soon as the Board has appointed a new board
member to replace Mr Ross-Smith.

East London
16 August 2016

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 16/08/2016 04:00:00 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.