Results of the General and Annual General Meeting of Shareholders AFRICAN DAWN CAPITAL LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/020520/06) Share code: ADW ISIN Code: ZAE000060703 (“Afdawn” or “the Company”) RESULTS OF GENERAL AND ANNUAL GENERAL MEETING OF SHAREHOLDERS 1. GENERAL MEETING RESULTS (“General Meeting”) Shareholders are advised that at the General Meeting of the Company held today, 18 October 2016 at 09:00 (convened in terms of the notice of General Meeting annexed to the circular distributed to shareholders on 16 September 2016), the special and ordinary resolutions proposed thereat were passed by the requisite majority of Afdawn shareholders. Details of the results of voting at the General Meeting are as follows: - total number of Afdawn shares that could have been voted at the General Meeting: 877 002 273. - total number of Afdawn shares that were present/represented at the General Meeting: 438 347 248 being 49.98% of the total number of Afdawn shares that could have been voted at the General Meeting. Votes for as a Votes against Shares voted at the Shares abstained percentage of as a percentage general meeting as a percentage the total of the total (number and of total issued number of number of percentage of total share capital shares voted shares voted issued share (%) (%) (%) capital) Special Resolution Number 1 100% - 438 347 248 shares - Approval of the Transactions in 49.98% terms of the Companies Act Ordinary Resolution Number 1 100% - 438 347 248 shares - Authority to implement the 49.98% Elite Transaction Ordinary Resolution Number 2 100% - 438 347 248 shares - Authority to implement the 49.98% Candlestick Transaction Special Resolution Number 2 98.72% 1.28% 438 347 248 shares - Consolidation of Shares 49.98% Special Resolution Number 3 99.87% 0.13% 438 347 248 shares - Amendment of the Memorandum of 49.98% Incorporation 2. ANNUAL GENERAL MEETING RESULTS (“Annual General Meeting”) Shareholders are advised that at the Annual General Meeting of the Company held today, 18 October 2016 at 10:00, the special and ordinary resolutions proposed thereat were passed by the requisite majority of Afdawn shareholders, with the exception of Ordinary Resolution Number 8. Details of the results of voting at the Annual General Meeting are as follows: - total number of Afdawn shares that could have been voted at the Annual General Meeting: 877 002 273. - total number of Afdawn shares that were present/represented at the Annual General Meeting: 415 489 311 being 47.40% of the total number of Afdawn shares that could have been voted at the Annual General Meeting. Votes for as a Votes against Shares voted at the Shares abstained percentage of as a percentage general meeting as a percentage the total of the total (number and of total issued number of number of percentage of total share capital shares voted shares voted issued share (%) (%) (%) capital) Ordinary Resolution Number 1 100% - 415 489 311 shares - Appointment of Mr GB Hope as a 47.40% director Ordinary Resolution Number 2 100% - 415 489 311 shares - Re-election of Ms H Hickey as a 47.40% director Ordinary Resolution Number 3 100% - 415 489 311 shares - Appointment of Ms H Hickey to the 47.40% audit and risk committee Ordinary Resolution Number 4 100% - 415 489 311 shares - Appointment of Ms V Lessing to 47.40% the audit and risk committee Ordinary Resolution Number 5 100% - 415 489 311 shares - Appointment of Mr S Roper to the 47.40% audit and risk committee Ordinary Resolution Number 6 100% - 415 489 311 shares - Re-appointment of the independent 47.40% registered auditor Ordinary Resolution Number 7 91.40% 0.80% 415 489 311 shares 7.80% Endorsement of the remuneration 47.40% policy Ordinary Resolution Number 8 45.45% 54.55% 415 489 311 shares - General authority to issue 47.40% ordinary shares for cash Special Resolution Number 1 91.40% 0.80% 415 489 311 shares 7.80% Approval of the non-executive 47.40% directors’ remuneration Special Resolution Number 2 100% - 415 489 311 shares - General approval to acquire own 47.40% shares Special Resolution Number 3 99.32% 0.68% 415 489 311 shares - Inter-company financial assistance 47.40% Special Resolution Number 4 99.32% 0.68% 415 489 311 shares - Financial assistance for 47.40% acquisition of shares in a related or inter-related company 18 October 2016 Cape Town Sponsor and Corporate Advisor PSG Capital Proprietary Limited Date: 18/10/2016 03:49:00 Produced by the JSE SENS Department. 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