Results of General Meeting of Shareholders Gaia Infrastructure Capital Limited (previously Gaia Capital Proprietary Limited) (Incorporated in the Republic of South Africa) (Registration number 2015/115237/06) Share Code: GAI ISIN ZAE000210555 (“Gaia” or “the Company”) RESULTS OF GENERAL MEETING OF SHAREHOLDERS (“GENERAL MEETING”) 1. INTRODUCTION Shareholders are referred to the SENS announcements released by Gaia on 12 July 2016 and 19 September 2016, regarding the proposed acquisition by Gaia of an effective see-through economic interest of 25.2% in Dorper Wind Farm (RF) Proprietary Limited (“Acquisition”), which Acquisition constitutes the acquisition of a viable asset in terms of the JSE Listings Requirements. Detailed information regarding the proposed Acquisition appears in the circular to Gaia shareholders dated 19 September 2016 (“Circular”). 2. RESULTS OF THE GENERAL MEETING Shareholders are advised that at the General Meeting of Gaia held today, 18 October 2016, in order to consider and approve the Acquisition, the following resolutions set out in the notice of General Meeting were passed by the requisite majorities of Gaia shareholders as set out below (Ordinary Resolution Numbers 3 and 4 and Special Resolution Number 1 were withdrawn prior to the General Meeting): Votes for Votes Number of Number of Number of as a against as shares voted shares voted shares percentage a at the as a abstained as a of total percentage General percentage percentage of number of of total Meeting of shares shares in issue shares number of entitled to (%) voted (%) shares vote (%) voted (%) Ordinary Resolution 57.74 42.26 47 386 315 87.10* 0.00 Number 1: Approval of the Acquisition Ordinary Resolution 58.40 41.60 48 138 616 87.28 0.00 Number 2: Use and retention of Residual Capital Ordinary Resolution 58.40 41.60 48 138 616 87.28 0.00 Number 5: Approval of Investment Policy Notes: - Any terms appearing in title case in the table above and that are not defined in this announcement, shall bear the meanings assigned to them in the Circular and notice of General Meeting. - *752 301 of the shares in issue are held by TriAlpha Specialised Investment Trust III, which were not entitled to vote. The number of shares voted in respect of Ordinary Resolution Number 1 as a percentage of shares in issue amounts to 85.90%. For further details, please contact KP Lebina at prudence@gaiaip.com or on +27 11 684 1230. 18 October 2016 Cape Town Sponsor PSG Capital Proprietary Limited Date: 18/10/2016 04:59:00 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.