Results of the Annual General Meeting MONTAUK HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2010/017811/06) (Share code: MNK & ISIN: ZAE000197455) ("Montauk" or "the Company") RESULTS OF THE ANNUAL GENERAL MEETING 1. INTRODUCTION Montauk’s ordinary shareholders are advised that at the Annual General Meeting (“AGM”) of Montauk 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 Montauk shareholders. 2. RESULTS OF THE VOTING AT THE ANNUAL GENERAL MEETING The resolutions were voted on as follows: % of issued share capital Number of shares Total number of shares present/represented including proxies at meeting (including shares 74.2 102 331 263 abstained from voting) Number of votes (one vote per share) For Against Abstain ORDINARY RESOLUTIONS 1. Adoption of consolidated financial 102 330 963 - 300 statements 100.00% 0.00% 0.00% 2.1. Re-election of director: Mr JA Copelyn 99 643 137 2 687 826 300 97.37% 2.63% 0.00% 2.2. Re-election of director: Mr MH Ahmed 102 330 963 - 300 100.00% 0.00% 0.00% 2.3. Election of director: Mr ML Ryan 102 330 963 - 300 100.00% 0.00% 0.00% 3. Re-appointment of auditor 102 330 963 - 300 100.00% 0.00% 0.00% 4.1. Appointment of audit committee - Mr MH 102 291 699 39 264 300 Ahmed 99.96% 0.04% 0.00% 4.2. Appointment of audit committee - Ms NB 102 330 963 - 300 Jappie 100.00% 0.00% 0.00% 4.3. Appointment of audit committee – Mr BS 102 330 963 - 300 Raynor 100.00% 0.00% 0.00% 5. General authority over unissued shares 93 732 229 8 598 734 300 91.60% 8.40% 0.00% 6. Non-binding advisory endorsement of Remuneration Report for the year ended 31 99 078 782 3 252 181 300 March 2016 96.82% 3.18% 0.00% 7. Authorisation of directors to implement 102 330 963 - 300 resolutions passed 100.00% 0.00% 0.00% SPECIAL RESOLUTIONS 1. General authority to issue shares and 93 732 392 8 598 571 300 options for cash 91.60% 8.40% 0.00% 2. Approval of annual fees to be paid to non- 102 330 963 - 300 executive directors 100.00% 0.00% 0.00% 3. General authority to repurchase company 101 766 771 564 192 300 shares 99.45% 0.55% 0.00% 4. General authority to provide financial 99 119 705 3 211 258 300 assistance in terms of sections 44 and 45 96.86% 3.14% 0.00% of the Companies Act 2 November 2016 Cape Town Sponsor and Corporate Adviser Investec Bank Limited Date: 02/11/2016 07:30:00 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.