HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI ISIN: ZAE000003257)

(“HCI”)


RESULTS OF THE ANNUAL GENERAL MEETING


1. INTRODUCTION

  HCI ordinary shareholders are advised that at the Annual General Meeting (“AGM”) of HCI held on Tuesday 1st
  November 2016, all the resolutions, as set out in the notice of AGM and proposed at the meeting were passed,
  without modification, by the requisite majority of HCI Shareholders. Ordinary resolution number 5 was withdrawn
  prior to the meeting,


2. RESULTS OF THE VOTING AT THE ANNUAL GENERAL MEETING


          The resolutions were voted on as follows:

                                                              % of issued
                                                                                    Number of shares
                                                             share capital
           Total number of shares present/represented
           including proxies at meeting (including shares
           abstained from voting)                                            90.0           80 237 616


                                                             Number of votes (one vote per share)

                                                              For                Against       Abstain
           ORDINARY RESOLUTIONS

           1.1 Re-election of director: Dr LM Molefi         80 221 880           15 736             0
                                                                99.98%             0.02%         0.00%

           1.2 Re-election of director: Mr JG Ngcobo         79 949 554          288 062             0
                                                                99.64%             0.36%         0.00%

           1.3 Re-election of director: Mr Y Shaik           80 194 757           42 859             0
                                                                 99.95%            0.05%         0.00%

           1.4 election of director: Ms MSI Gani             80 195 881           41 735             0
                                                                 99.95%            0.05%         0.00%
 
           2.Re-appointment of auditor: Grant Thornton       80 237 616                0             0
           Jhb Partnership                                      100.0%                 0         0.00%

           3.1 Appointment of audit committee - Mr MSI       80 211 617           25 999             0
           Gani                                                  99.97%            0.03%         0.00%

           3.2 Appointment of audit committee - Dr LM        75 517 248          232 560     4 487 808
           Molefi                                               99.69%             0.31%         5.03%

           3.3 Appointment of audit committee – Mr JG        75 517 248          232 560     4 487 808
           Ngcobo                                               99.99%             0.01%         5.03%

           4.Place unissued shares under the control of      52 754 872       27 482 744             0
           the directors                                         65.75%           34.25%         0.00%

           5. General authority to issue shares, options
           and convertible securities for cash - withdrawn
        
           6. Non-binding   Advisory   Resolution           69 094 538        11 143 078             0
           endorsement of remuneration report                    86.11%           13.89%         0.00%

           SPECIAL RESOLUTIONS

        1.   Approval of annual fees to be paid to non-     80 237 616                 0             0
             executive directors                               100.00%                 0         0.00%

        2.   General authority to repurchase company        80 039 116           198 500           259
             shares                                             99.75%              0.25         0.00%

        3.   General approval of the provision for          74 527 938         5 709 678             0
             financial assistance                               92.88%             7.12%         0.00%




1 November 2016
Cape Town

Sponsor and Corporate Adviser
Investec Bank Limited

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