Results of annual general meeting AdBEE (RF) LIMITED (Incorporated in the Republic of South Africa) Registration number 2015/054070/06 ISIN: ZAE000204897 Share Code: ADE (“AdBEE” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that at the annual general meeting (“AGM”) held today, 24 November 2016, convened in terms of the notice of AGM forming part of the audited annual financial statements, all the ordinary resolutions proposed at the AGM were passed by the requisite majority of votes, as follows: Votes carried disclosed as a Shares abstained percentage in relation to the total Shares voted disclosed as a number of shares voted at the disclosed as a percentage in meeting Number of percentage in relation to the total shares voted relation to the total issued share capital* issued share capital* Resolutions For Against Ordinary Resolution 1 To approve the convening of this Annual General Meeting with less notice than required by section 62.1 of the Companies Act provided that every person who is entitled 100% - 1 100% - to exercise voting rights in respect of any item set out in this notice is present at the meeting and votes to waive the required minimum notice of the meeting. Ordinary Resolution 2 To elect Dr T Lesoli, who is retiring by rotation in accordance with clause 40.3.1 of the Company’s Memorandum of Incorporation (“MOI”), as a non-executive director of the Company as contemplated in section 68(2)(a) of the Companies Act, being eligible and available, 100% - 1 100% - offered herself for re-election. Ordinary Resolution 3 To re-elect the following Non-Executive Directors as Audit Committee members by way of separate resolutions: 3.1 Dr T Lesoli 100% - 1 100% - 3.2 Mr M Makwana 100% - 1 100% - 3.3 Mr C Raphiri 100% - 1 100% - Ordinary Resolution 4 To re-appoint EY as the independent external auditors of the Company for the ensuing year (the designated auditor being Mr Dave Cathrall) and to note the remuneration of 100% - 1 100% - the independent external auditors as determined by the Audit Committee. Ordinary Resolution 5 To authorise any one director of the Company or the Company Secretary to do all such things and sign all such documents (including any amendments thereto) to 100% - 1 100% - implement all the resolutions tabled and approved at this AGM. *Total issued share capital is 1. Johannesburg 24 November 2016 Sponsor Rand Merchant Bank (a Division of FirstRand Bank Limited) Date: 24/11/2016 05:11:00 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.