ALEXANDER FORBES GROUP HOLDINGS LIMITED - Report on proceedings at the Annual General Meeting

Report on proceedings at the Annual General Meeting

ALEXANDER FORBES GROUP HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/025226/06)
JSE Share Code: AFH
ISIN: ZAE000191516
(“Alexander Forbes” or “the Company”)

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

At the 2016 annual general meeting (“AGM”) of the shareholders of Alexander Forbes held today, 26 August
2016 all the ordinary and special resolutions proposed at the meeting were approved by the requisite
majority of votes. In this regard, the Company confirms the voting statistics from the AGM as follows:

Percentage of votable shares represented in relation to the total issued share capital:

 Number of votable                Total issued share                       Percentage of votable
shares represented                           capital                                      shares
     1 198 196 470                     1 341 426 963                                      89.32%


                       Total of                                                                          Total Shares
                       Represented Shares           Total Votes in                                          Abstained
                       Exercised                            Favour                Total Votes Against   
                                                    
                       
                       No.                      %   No.                        %   No.              %    No.               %

ORDINARY RESOLUTIONS
1. Election of
   Directors
1.1 Dr D Konar         1   086   629   278   100%   1   069   815   522   98.45%   16 813 756   1.55%    111 567 195   8.32%
1.2 Mr DJ Anderson     1   198   193   972   100%   1   106   611   077   92.36%   91 582 895   7.64%    2 498         -
1.3 Mr MS Moloko       1   198   193   972   100%   1   176   282   894   98.17%   21 911 078   1.83%    2 498         -
1.4 Ms BJ Memela       1   198   193   972   100%   1   198   189   972   99.99%   4 000        0.00%    2 498         -
2. Appointment of
   Audit Committee
   Members
2.1 Dr D Konar         1 086 629 278         100%                                                        111 567 192   8.32%
(Chairman)                                          1 071 899 348         98.64%   14 729 930   1.36%
2.2 Mr M Collier       1 198 193 972         100%   1 172 629 416         97.86%   25 564 556   2.13%    2 498         -
2.3 Mr RM Kgosana      1 198 193 972         100%   1 196 319 072         99.84%   1 874 900    0.16%    2 498         -
3. Reappointment of    1 198 193 972         100%                                                        2 498         -
   Auditors                                         1 198 189 972         99.99%   4 000        0.00%
   
4. Endorsement of      1 196 623 502         100%                                                        1 572 968     0.12%
   Remuneration Policy                              926 511 405           77.43%   270 112 097  22.57%
   
5. Authorisation of    1 198 193 972         100%                                                        2 498         -
   Directors                                        1 198 135 462         99.99%   58 510       0.00%
   
SPECIAL RESOLUTIONS
S1. Non-Executive      1 198 193 972         100%                                                        2 498         -
                                                    1 198 189 972         99.99%   4 000        0.00%
Directors’ Fees
S2. Section 45         1 198 187 472         100%                                                        8 998         -
Intergroup Loans                                    1 194 017 398         99.65%   4 170 074    0.35%

The special resolutions will, where necessary, be lodged for registration with the Companies and
Intellectual Property Commission in due course.

Sandton
26 August 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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