Trading update, results of annual general meeting and change in directorate Bid Corporation Limited (Incorporated in the Republic of South Africa) Registration number: 1995/008615/06 Share code: BID ISIN ZAE 000216537 (“Bidcorp” or “the Company” or “group”) TRADING UPDATE, RESULTS OF ANNUAL GENERAL MEETING (AGM) AND CHANGE IN DIRECTORATE Shareholders are advised in response to questions raised at the AGM today, Friday November 11 2016, executive management of Bidcorp provided an update on current trading conditions and performance. TRADING UPDATE “Overall conditions within the global foodservice industry remain positive and continued growth opportunities remain in all our trading geographies. Many of Bidcorp’s international foodservice peers have reported improved results benefitting from positive underlying market conditions. Overall trading within Bidcorp for the first 4 months of the financial year 2017 has been good and the positive momentum achieved in the financial year 2016 has continued. Currency volatility continues to positively impact Bidcorp’s rand reported results with the depreciation of the rand against the euro and Australian dollar more than offsetting the appreciation of the rand against sterling following Brexit. Following Brexit, one of the potential impacts of sterling’s devaluation will be inflation and the impact of inflation on our United Kingdom businesses is positive. Overall the economy in the United Kingdom is growing and the sterling devaluation should further propel activity levels forward, benefitting from more tourists and local consumer spending.” The financial information on which the aforementioned comments are based has not been reviewed by the Company’s auditors. Shareholders are reminded that management will be holding a divisional day on Thursday November 24 2016 at 09h30 SA time whereat a full operational update will be discussed. RESULTS OF AGM Bidcorp shareholders are advised that at the AGM of members held on Friday, November 11 2016, all the ordinary and special resolutions as proposed in the Notice of the AGM were approved by the requisite majority of members. Total number of shares that can be exercised at the AGM 100% 331 891 410 Total number of shares present / represented at the AGM (including proxies at the AGM) 61% 201 093 433 Total number of members present in person at the AGM 21 In this regard, Bidcorp confirms the voting statistics from the AGM as follows: *Note: Abstain votes - JSE requirements are that abstentions are reflected as a percentage of issued and voteable shares 1 Ordinary resolution number 1: To re-appoint the external auditors For Against Abstain* Shares voted 200 489 274 69 547 534 612 200 558 821 99.96532% 0.03468% 0.16108% 100.00000% 2 Ordinary resolution number 2.1: Directors appointed during the year – B L Berson For Against Abstain* Shares voted 200 368 765 183 046 541 622 200 551 811 99.90873% 0.09127% 0.16319% 100.00000% 3 Ordinary resolution number 2.2: Directors appointed during the year – PC Baloyi For Against Abstain* Shares voted 199 590 257 1 004 1 502 172 199 591 261 99.99950% 0.00050% 0.45261% 100.00000% 4 Ordinary resolution number 2.3: Directors appointed during the year – DDB Band For Against Abstain* Shares voted 197 590 906 2 000 430 1 502 097 199 591 336 98.99774% 1.00226% 0.45259% 100.00000% 5 Ordinary resolution number 2.4: Directors appointed during the year – NG Payne For Against Abstain* Shares voted 189 394 675 9 883 237 1 815 521 199 277 912 95.04048% 4.95952% 0.54702% 100.00000% 6 Ordinary resolution number 2.5: Directors appointed during the year – H Wiseman For Against Abstain* Shares voted 199 589 278 624 1 503 531 199 589 902 99.99969% 0.00031% 0.45302% 100.00000% 7 Ordinary resolution number 2.6: Directors appointed during the year – DD Mokgatle For Against Abstain* Shares voted 199 589 929 1 332 1 502 172 199 591 261 99.99933% 0.00067% 0.45261% 100.00000% 8 Ordinary resolution number 2.7: Directors retiring by rotation and available for re- election – DE Cleasby For Against Abstain* Shares voted 200 106 281 452 043 535 109 200 558 324 99.77461% 0.22539% 0.16123% 100.00000% 9 Ordinary resolution number 2.8: Directors retiring by rotation and available for re- election – B Joffe For Against Abstain* Shares voted 195 940 967 4 242 722 909 744 200 183 689 97.88059% 2.11941% 0.27411% 100.00000% 10 Ordinary resolution number 3.1: Election of audit and risk committee members – PC Baloyi For Against Abstain* Shares voted 199 590 061 1 200 1 502 172 199 591 261 99.99940% 0.00060% 0.45261% 100.00000% 11 Ordinary resolution number 3.2: Election of audit and risk committee members – NG Payne For Against Abstain* Shares voted 188 627 765 10 963 571 1 502 097 199 591 336 94.50699% 5.49301% 0.45259% 100.00000% 12 Ordinary resolution number 3.3: Election of audit and risk committee members – H Wiseman For Against Abstain* Shares voted 199 590 272 1 205 1 501 956 199 591 477 99.99940% 0.00060% 0.45254% 100.00000% 13 Ordinary resolution number 4.1: Endorsement of Remuneration Policy: “Part 1 – Policy on base package and benefits” For Against Abstain* Shares voted 196 993 747 2 256 297 1 843 389 199 250 044 98.86761% 1.13239% 0.55542% 100.00000% 14 Ordinary resolution number 4.2: Endorsement of Remuneration Policy: “Part 1 – Policy on short-term incentives” For Against Abstain* Shares voted 191 838 285 7 740 565 1 514 583 199 578 850 96.12155% 3.87845% 0.45635% 100.00000% 15 Ordinary resolution number 4.3: Endorsement of Remuneration Policy: “Part 1 – Policy on long-term incentives” For Against Abstain* Shares voted 142 690 805 56 600 077 1 802 551 199 290 882 71.59926% 28.40074% 0.54311% 100.00000% 16 Ordinary resolution number 5: General authority to directors to allot and issue authorised but unissued ordinary shares For Against Abstain* Shares voted 188 250 407 11 360 625 1 482 401 199 611 032 94.30862% 5.69138% 0.44665% 100.00000% 17 Ordinary resolution number 6: General authority to issue shares for cash For Against Abstain* Shares voted 188 322 649 11 291 550 1 479 234 199 614 199 94.34331% 5.65669% 0.44570% 100.00000% 18 Ordinary resolution number 7: Pro rata reduction of stated capital in lieu of dividend For Against Abstain* Shares voted 200 510 245 48 123 535 065 200 558 368 99.97601% 0.02399% 0.16122% 100.00000% 19 Ordinary resolution number 8: Creation and Issue of convertible debentures For Against Abstain* Shares voted 196 269 003 4 219 730 604 700 200 488 733 97.89528% 2.10472% 0.18220% 100.00000% 20 Ordinary resolution number 9: Directors’ authority to implement special and ordinary resolutions For Against Abstain* Shares voted 200 556 760 2 018 534 655 200 558 778 99.99899% 0.00101% 0.16109% 100.00000% 21 Special resolution number 1: General authority to acquire (repurchase) shares For Against Abstain* Shares voted 200 418 632 70 218 604 583 200 488 850 99.96498% 0.03502% 0.18216% 100.00000% 22 Special resolution number 2: Approval of non-executive directors’ remuneration - 2016/2017 For Against Abstain* Shares voted 199 411 883 111 808 1 569 742 199 523 691 99.94396% 0.05604% 0.47297% 100.00000% CHANGE IN DIRECTORATE Bidcorp shareholders are advised that Mrs CWL Phalatse did not offer herself for re-election at the AGM and as a result has resigned from the board of directors of Bidcorp with immediate effect. Johannesburg November 11 2016 Sponsor The Standard Bank of South Africa Limited Date: 11/11/2016 02:54:00 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.