ASSORE LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

   Assore Limited
   (Incorporated in the Republic of South Africa)
   Registration number: 1950/037394/06
   Share code: ASR
   ISIN: ZAE000146932
   (“Assore” or “the Company”)

   RESULTS OF ANNUAL GENERAL MEETING

   Shareholders are advised that the voting results for the annual
   general meeting (“AGM”) of Assore held today at 10h30 at Assore
   House, 15 Fricker Road, Illovo Boulevard, Johannesburg were as
   follows:

Resolution      Number of     Percentage   For**     Against   Abstained
number and      shares        of shares    %         **        **
description     voted         in issue*
                                                     %         %
                              %
Ordinary        126 058 823   90,295       100,000   0,000     0,000
resolution
number 1:
Re-election
of Ms TN
Mgoduso as a
director of
the Company

Ordinary        126 058 823   90,295       99,996    0,004     0,000
resolution
number 2:
Re-election
of Mr S
Mhlarhi as a
director of
the Company

Ordinary        126 058 823   90,295       98,480    1,520     0,000
resolution
number 3:
Re-election
of Messrs EM
Southey, S
Mhlarhi and
WF Urmson as
members of
the Audit and
Risk
Committee of
the Company

Advisory        126 058 823   90,295       93,823    6,177     0,000
endorsement
of
remuneration
policy

Special         126 058 823   90,295   100,000   0,000   0,000
resolution
number 1:
Approval of
non-executive
directors’
remuneration

Special         126 058 823   90,295   100,000   0,000   0,000
resolution
number 2:
Approval of
executive
directors’
remuneration

Special         126 058 823   90,295   100,000   0,000   0,000
resolution
number 3:
General
authorisation
to Assore
directors to
provide
financial
assistance to
subsidiary
and inter-
related
companies of
Assore

Special         126 058 823   90,295   100,000   0,000   0,000
resolution
number 4:
Amendment to
Assore’s
Memorandum of
Incorporation
in compliance
with
paragraph
18(1)(o) of
Schedule 18
to the
Listings
Requirements
of the JSE
Limited


*Based on 139,607,000 ordinary shares in issue at the date of
the AGM.

**In relation to the total number of shares voted at the AGM.

Based on the above results, all resolutions were passed by the
requisite majority of Assore shareholders present in person or
represented by proxy at the AGM.

Illovo Boulevard
Johannesburg
25 November 2016

Sponsor
The Standard Bank of South Africa Limited

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