Report on proceedings at the annual general meeting ELB GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1930002553/06 Share code: ISIN: ZAE000035101 ("ELB" or “the Company”) REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING At the 86th (eighty-sixth) annual general meeting (“AGM”) of the shareholders of ELB Group Limited held today, 24 November 2016 all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, ELB confirms the voting statistics from the AGM as follows: Votes carried disclosed as a percentage in relation to the total Shares voted Shares abstained number of shares voted at the disclosed as a disclosed as a meeting Number of percentage in percentage in Resolutions shares voted relation to the total relation to the total issued share capital* issued share capital* For Against Ordinary Resolutions 1.1 Presentation of the annual financial statements 100% 0.0% 15 782 414 48.90% 0.00849% 1.2 Re-appoint KPMG Inc as external auditors Re-appoint Mr LP Fourie as 100% 0.0% 14 032 352 43.47% 5.43024% individual designated auditor Re-election of directors: 1.3 Mr MC Easter (executive) 100% 0.0% 15 782 414 48.90% 0.00849% 1.4 Dr JP Herselman (independent non-executive 100% 0.0% 15 782 414 48.90% 0.00849% 1.5 Dr SJ Meijers (executive) 100% 0.0% 15 782 414 48.90% 0.00849% Re-election of members of the audit and risk committee 1.6 Mr T de Bruyn (independent non-executive) 100% 0.0% 15 782 414 48.90% 0.00849% 1.7 Dr JP Herselman (independent non-executive) 100% 0.0% 15 782 414 48.90% 0.00849% 1.8 Mr IAR Thomson (independent non-executive) 100% 0.0% 15 782 414 48.90% 0.00849% 1.9 Consideration of remuneration policy (non–binding vote) 100% 0.0% 15 782 018 48.89% 0.00971% Special Resolutions 2.1 General authority to provide Financial assistance to related 100% 0.0% 15 782 342 48.89 0.00871% and inter-related companies 2.2 General authority to provide financial assistance in connection with the acquisition of shares or 99.99795% 0.00205% 15 782 414 48.90% 0.00849% options 2.3 Approval of non-executive directors remuneration – calendar year 100% 0.0% 15 782 018 48.89% 0.00971% ending 31 December 2016 2.4 General authority to repurchase shares 100% 0.0% 15 782 414 48.90% 0.00849% *Total issued share capital is 32 278 541. Boksburg 24 November 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24/11/2016 04:21:00 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.