W G WEARNE LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

 W G WEARNE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005983/06)
(Share Code: WEA ISIN Code: ZAE000078002)
(“Wearne” or “the company”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that, at the annual general meeting of Wearne held
today, all the resolutions as set out in the notice of annual general meeting
were passed by the requisite majority of shareholders.

The number of shares voted in person or by proxy was 174 063 898 representing
64% of the total issued share capital of the same class of Wearne.

The resolutions proposed at the meeting, together with the percentage of
shares voted or abstained as well as the percentage of votes carried for and
against each resolution are displayed below:

Ordinary Resolution 1.1
Approval of the re-election of Mr WP van der Merwe as director of the
company.

SHARES VOTED              174 063 698     100%
SHARES ABSTAINED                  200       0%
VOTES FOR                 174 063 698     100%
VOTES AGAINST                       0       0%

Ordinary Resolution 1.2
Approval of the re-appointment of Ms MC Milazi as director of the company.

SHARES VOTED              174 063 698     100%
SHARES ABSTAINED                  200       0%
VOTES FOR                 174 063 698     100%
VOTES AGAINST                       0       0%

Ordinary Resolution 2:
Approval of the re-appointment of Grant Thornton as the independent registered
auditor of the company for the ensuing year.

SHARES VOTED              174 063 698     100%
SHARES ABSTAINED                  200       0%
VOTES FOR                 174 063 698     100%
VOTES AGAINST                       0       0%

Ordinary Resolution 3.1:
Approval of election of Mr WP van der Merwe as a member of the company's
Audit & Risk Committee.

SHARES VOTED              174 063 698     100%
SHARES ABSTAINED                  200       0%
VOTES FOR                 174 063 698     100%
VOTES AGAINST                       0       0%

Ordinary Resolution 3.2:
Approval of election of Mr M Khwinana as a member of the company's Audit &
Risk Committee.

SHARES VOTED              174 063 698     100%
SHARES ABSTAINED                  200       0%
VOTES FOR                 174 063 698     100%
VOTES AGAINST                       0       0%

Ordinary Resolution 3.3:
Approval of election of Mr M Patel as a member of the company's Audit & Risk
Committee.

SHARES VOTED              174 063 698     100%
SHARES ABSTAINED                  200       0%
VOTES FOR                 174 063 698     100%
VOTES AGAINST                       0       0%

Ordinary Resolution 4:
Authority to directors to allot and issue unissued ordinary shares.

SHARES VOTED              172 743 698     100%
SHARES ABSTAINED            1 320 200    0.48%
VOTES FOR                 131 284 716      76%
VOTES AGAINST              41 458 982      24%

Ordinary Resolution 5:
Authority to directors to issue shares for cash.

SHARES VOTED              172 743 698     100%
SHARES ABSTAINED            1 320 200    0.48%
VOTES FOR                 131 284 716      76%
VOTES AGAINST              41 458 982      24%

Ordinary Resolution number 6:
Approval of the remuneration policy by way of a non-binding advisory
vote.

SHARES VOTED              174 063 698     100%
SHARES ABSTAINED                  200       0%
VOTES FOR                 135 604 716   76.18%
VOTES AGAINST              41 458 982   23.82%

Ordinary Resolution number 7:
Approval of signing authority.

SHARES VOTED              174 063 698     100%
SHARES ABSTAINED                  200       0%
VOTES FOR                 174 063 698     100%
VOTES AGAINST                       0       0%

Special resolution no. 1:
General authority for the company to repurchase its own shares.

SHARES VOTED              174 063 698     100%
SHARES ABSTAINED                  200       0%
VOTES FOR                 132 604 716   76.18%
VOTES AGAINST              41 458 982   23.82%

Special Resolution 2:
Approval of the remuneration of non-executive directors.

SHARES VOTED              174 063 698     100%
SHARES ABSTAINED                  200       0%
VOTES FOR                 174 063 698     100%
VOTES AGAINST                       0       0%

Special Resolution 3:
Authority to provide financial assistance to related and inter-related companies.

SHARES VOTED              172 743 698     100%
SHARES ABSTAINED            1 320 200       0%
VOTES FOR                 172 743 698     100%
VOTES AGAINST                       0       0%



Johannesburg
26 October 2016

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