BLUE LABEL TELECOMS LIMITED - Report on General Meeting proceedings

Report on General Meeting proceedings

Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
JSE Share code: BLU
ISIN: ZAE000109088
(“Blue Label” or “the Company”)


REPORT ON GENERAL MEETING PROCEEDINGS

Blue Label shareholders are advised that at the General Meeting (“GM”) of members held on Wednesday, 16
November 2016, all the ordinary resolutions as proposed in the Notice of the General Meeting were approved by the
requisite majority of members. In this regard, Blue Label confirms the voting results at the GM as follows:

                                                                                  %           Number
 Total number of shares that could be voted at meeting                            100         674,509,042
 Total number of shares present/represented including proxies at meeting          84          567,992,622
 Total number of members present                                                              50

                                           Votes in         %       Votes           %       Abstentions    % of issued
                                           Favour                   Against                                share capital

 Ordinary Resolution Number 1              416,710,113      73,37   151,264,134     26,63   18,375         0,00
 Approval of the Proposed Transaction in
 terms of which Blue Label, through its
 wholly owned subsidiary The Prepaid
 Company, will subscribe for Cell C Class
 A shares comprising 45% of Cell C’s
 total issued share capital following the
 conclusion of the Cell C Recapitalisation
 for a subscription consideration of R5.5
 billion

 Ordinary Resolution Number 2              416,713,846      73,37   150,113,762     26,43   1,165,014      0,2
 Placing authorised but unissued shares
 under the control of directors for the
 purpose of the Vendor Consideration
 Placement pursuant to the Cell C
 Recapitalisation

 Ordinary Resolution Number 3              567,959,117      99,99   14,043          0,00    19,462         0,01
 General authorising resolution




Sandton
16 November 2016

Sponsor
Investec Bank Limited

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