VALUE GROUP LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

Value Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1997/002203/06
Share code: VLE
ISIN code: ZAE000016507
(“Value” or “the company’)


RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that, at the annual general meeting of Value held on 19 October 2016, all
resolutions as set out in the notice of the annual general meeting were passed by the requisite
majority of members. In this regard, Value confirms the voting statistics from the AGM were as
follows:

                                                                                           %            Number

Total number of shares that could be voted at meeting                                   100%         185 676 436
Total number of shares present/represented including proxies at the meeting           81.57%         151 458 017
Total number of members present in person                                                  8

                                                                                                                         % of
                                           Votes in                   Votes                 Shares      Absten-         shares
                                                           %                      %
                                            favour                   against                 voted       tions        that could
                                                                                                                       be voted
Ordinary Resolution Number 1:
Re-election of non-executive directors:
1.1. Dr NM Phosa                          143 374 514      100          -        0.00     143 374 514   3 904 493       2.10
1.2. Mr VW Mcobothi                       146 974 514      100          -        0.00     146 974 514    304 493        0.16  
                                                                                          
Ordinary Resolution Number 2:
Approval of election of audit and
risk committee members:
2.1 Mr IM Groves (chairman)               146 424 514      100          -        0.00     146 424 514    54 493          0.03
2.2 Mr VW Mcobothi                        146 424 514      100          -        0.00     146 424 514    54 493          0.03
2.3 Mr CD Stein                           146 424 514      100          -        0.00     146 424 514    54 493          0.03
                                          
Ordinary Resolution Number 3:
Approval of re-appointment of
external auditor                          147 224 514      100          -        0.00     147 224 514    54 493          0.03

Ordinary Resolution Number 4:
Approval of the remuneration policy                        
by way of a non-binding, advisory         124 322 570    86.62      19 201 944   13.38    143 524 514   3 754 493       2.02
vote

Ordinary Resolution Number 5:
Approval of general authority to
directors to allot and issue
authorised but unissued ordinary          129 459 936    87.93      17 764 578   12.07    147 224 514    54 493         0.03

Ordinary Resolution Number 6:
shares
Approval of authority to allot and
issue ordinary shares for cash            129 459 936    87.93      17 764 578   12.07    147 224 514    54 493          0.03

Ordinary Resolution Number 7:
Approval of signing authority             146 724 514      100          -        0.00     146 724 514   554 493          0.30

Special Resolution Number 1:
Approval of general authority to
acquire (repurchase) company shares       146 774 514    99.80       300 000     0.20     147 074 514   104 493          0.06

Special Resolution Number 2:
Approval of the remuneration of
the non-executive directors               137 987 148    96.18      5 487 366    3.82     143 474 514   3 704 493        2.00

Special Resolution Number 3:
Authority to provide financial
assistance to any company or
corporation which is related or inter-    128 372 570    87.25      18 751 944   12.75    147 124 514   154 493          0.08
related to the company


For and on behalf of the Board

Johannesburg
19 October 2016

Sponsor
Investec Bank Limited

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