Results of the Annual General Meeting DENEB INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/091290/06) Share code: DNB ISIN: ZAE000197398 (“Deneb” or the “Company”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that at the annual general meeting of Deneb held at 9:00 today, 1 November 2016 at the offices of Hosken Consolidated Investments Limited, 5th Floor, 4 Stirling Street, Zonnebloem, 7925 (“AGM”), all of the resolutions were passed by the requisite majority of Deneb shareholders. Details of the results of voting at the AGM are as follows: Votes for Votes Number of Number of Number of resolution against shares voted shares shares as a resolution at AGM voted at abstained percentage as a AGM as a as a of total percentage percentage percentage number of of total of shares of shares shares number of in issue in issue voted at shares (%) (%) AGM (%) voted at AGM (%) Ordinary resolution 1: 99.78 0.22 370 726 143 87 0 Re-election of director: Mr M H Ahmed Ordinary resolution 2: 99.78 0.22 370 726 143 87 0 Re-election of director: Mr J A Copelyn Ordinary resolution 3: 100 0 370 726 143 87 0 Re-election of director: Mr T G Govender Ordinary resolution 4: 99.78 0.22 370 726 143 87 0 Re-appointment of auditor: KPMG Inc. Ordinary resolution 5: 99.78 0.22 370 726 143 87 0 Re-appointment of audit committee member: Mr M H Ahmed Ordinary resolution 6: 100 0 370 726 143 87 0 Re-appointment of audit committee member: Ms N B Jappie Ordinary resolution 7: 100 0 370 726 143 87 0 Re-appointment of audit committee member: Ms R D Watson Ordinary resolution 8: 97.50 2.50 370 726 143 87 0 General authority to issue shares and options for cash Ordinary resolution 9: 99.78 0.22 370 726 143 87 0 Advisory endorsement of Remuneration Report for the year ended 31 March 2016 Special resolution 1: 100 0 370 726 143 87 0 Approval of annual fees to be paid to non-executive directors Special resolution 2: 100 0 370 726 143 87 0 General authority to repurchase company shares Special resolution 3: 99.78 0.22 370 726 143 87 0 General authority to provide financial assistance in terms of sections 44 and 45 of the Companies Act Cape Town 1 November 2016 Sponsor PSG Capital Proprietary Limited Date: 01/11/2016 03:45:00 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.