Results of Annual General Meeting GOLD BRANDS INVESTMENTS LIMITED Incorporated in the Republic of South Africa Registration Number: 2015/168426/06 Share code on the JSE: GBI ISIN: ZAE 000212791 ("Gold Brands" or "the Company") RESULTS OF THE ANNUAL GENERAL MEETING At the Annual General Meeting ("AGM") of shareholders of Gold Brands held on 6 October 2016 the following resolutions, as set out in the Notice of Annual General Meeting which were incorporated in the Annual Integrated Report distributed to shareholders on 31 August 2016, were duly approved by the requisite majority of votes. In this regard, Gold Brands confirms the voting statistics from the AGM as follows: The percentage of voting rights required for ordinary resolution numbers 1 to 11 be adopted is 50% (fifty percent) or more of the voting rights exercisable on the resolution. Shares voted in relation to the total issued share capital: Shareholders are advised that * Total number of shares in issue as at the date of the AGM: 110 000 000 * Total number of shares that were present in person/represented by proxy at AGM: 52 163 600 shares being 47.42% of the total number of shares in issue * Abstentions are represented below as a percentage of total number of shares in issue. Votes carried are disclosed as a percentage in relation to the total number of shares voted at the meeting, with the exception of abstentions, which are disclosed as a percentage in relation to the total issued share capital. Resolutions Shares Voted For Shares Voted Against Shares Abstained Ordinary Business 1 Ratification of the 52 162 600 - 1000 appointment of 100% -% 0.00% Efpraxia Nathael as a director of the company 2 Ratification of the 52 163 600 - - appointment of Clifford 100% -% -% David Raphiri as a director of the company 3 Ratification of the 52 162 600 - 1000 appointment of 100% -% 0.00% Christos Kassianides as a director of the company 4 Ratification of the 17 500 52 146 100 - appointment of 0.03% 99.97% -% Clive Korona-Yashe Rugara as a director of the company 5 Ratification of the 3 500 52 150 100 10000 appointment of 0.01% 99.99% 0.02% Hlumelo Biko as a director of the company 6 Ratification of the 52 162 600 - 1000 appointment of 100% -% 0.00% Valentine Nichas as a director of the company 7 Ratification of the 52 152 100 10000 1500 appointment of 99.98% 0.02% 0.00% Terence Ballard as a director of the company 8 Election of audit and risk committee members 8a. Election of Christos 52 109 600 - 54000 Kassianides as Chairman 100% -% 0.10% of the audit and risk committee. 8b. Election of Clifford 52 110 600 - 53000 David Raphiri as a 100% -% 0.10% member of the audit and risk committee. 8c. Election of Valentine 52 109 600 - 54000 Nichas as a member 100% -% 0.10% of the audit and risk committee. 9 Appointment of Nexia 52 106 600 4000 53000 SAB&T as independent 99.992% 0.008% 0.10% auditors and the Appointment of A Darmalingam as registered audit partner of the company. 10 Non-binding advisory 52 110 100 - 53500 endorsement on the 100% -% 0.10% company’s remuneration policy. 11 Unissued Shares to be 52 152 100 10500 1000 placed under the control 99.98% 0.02% 0.00% of the directors. 12 General authority to 52 162 600 - 1000 issue shares, and to 100% -% 0.00% sell treasury shares, for cash. Resolution Shares Voted For Shares Voted Against Shares Abstained Special Business 1 Remuneration of 52 162 100 500 1000 independent and 99.999% 0.001% 0.00% non-executive directors. 2 General authority for 52 162 100 - 1500 the provision of 100% -% 0.00% financial assistance in terms of section 44. 3 General authority for 52 161 100 1000 1500 the provision of 99.998% 0.002% 0.00% financial assistance in terms of section 45. 4 General Authority 52 162 600 - 1000 to buy own shares 100% -% 0.00% Ordinary Business 13 Authority to Execute 52 162 600 - 1000 requisite documentation. 100% -% 0.00% The special resolutions, where necessary, will be filed with the Companies and Intellectual Property Commission in due course. 6 October 2016 River Group Designated Adviser and Corporate Adviser Date: 06/10/2016 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.