Results of General Meeting ORION REAL ESTATE LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1997/021085/06) Share Code: ORE ISIN: ZAE000201695 ("Orion Real Estate" or “the Company”) RESULTS OF GENERAL MEETING Shareholders are advised that at the General Meeting of shareholders held on Tuesday, 4 October 2016, all the resolutions tabled at the meeting were passed by the requisite majority of Orion shareholders. Details of the results of voting at the General Meeting are as follows: Number of ordinary shares represented at the General Meeting 605 772 702 Total number of Orion shares in issue at the date of the General Meeting 630 698 688 Percentage of ordinary shares represented at meeting 96.05% Number of votes (one vote per share) For Against Abstain Ordinary resolution number 1: No of shares: No of shares: No of shares: 11 795 794 5 109 476 Nil Approval of Acquisition 69.8% 30.2% Special Resolution number 1: No of shares: No of shares: No of shares: 599 005 945 6 766 757 Nil Approval of issue of more than 30% new shares 98.8% 1.2% Ordinary resolution number 2: No of shares: No of shares: No of shares: 599 005 945 6 766 757 Nil Approval of Specific Issue of Shares for Cash 98.8% 1.2% Special resolution number 2 No of shares: No of shares: No of shares: 605 772 702 Nil Nil Approval of Section 44 Financial Assistance 100.0% -% -% Ordinary resolution number 3: No of shares: No of shares: No of shares: 605 772 702 Nil Nil Directors’ authority to sign necessary documentation 100.0% -% -% Johannesburg 5 October 2016 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 05/10/2016 05:23:00 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.