Results of General Meeting Insimbi Refractory and Alloy Supplies Limited (Incorporated in the Republic of South Africa) (Registration number: 2002/029821/06) Share code: ISB ISIN: ZAE000116828 (“Insimbi” or “the Company”) RESULTS OF GENERAL MEETING AND UPDATE ON THE ACQUISITION BY INSIMBI OF THE AMR GROUP Results of General Meeting: Shareholders are referred to the SENS announcement published on 7 November 2016 whereby notice was given regarding the general meeting (“GM”) to approve the resolutions as contained in the circular posted to Insimbi shareholders on the same day regarding the acquisition by Insimbi of the AMR Corporate Group (“the Transaction”). Shareholders are now notified that at the GM held on 5 December 2016, both special resolution number 1 and 2 and ordinary resolution number 1 and 2 were duly passed by the requisite majority of votes. The total number of Insimbi shares eligible to be voted at the GM was 259,892,280 and the total number of issued share capital of the same class of Insimbi shares is 260,000,000. The number of shares voted in person or by proxy was 232,155,781 representing 89.29% of the total issued share capital of the same class of Insimbi shares. All resolutions proposed at the GM, together with the percentage of shares abstained (as a percentage of total issued share capital of the Company), as well as the percentage of votes carried for and against each resolution, are as follows: 1 Special resolution number 1 – Approval to issue Insimbi Shares in terms of section 41(3) of the Companies Act FOR AGAINST ABSTAIN 232,686,946 35,345 433,490 99.80% 0.20% 0.17% 2 Special resolution number 2 – Approval of the specific repurchase and cancellation FOR AGAINST ABSTAIN 231,686,946 - 468,835 100% 0% 0.18% 3 Ordinary resolution number 1 – Approval of the Transactions FOR AGAINST ABSTAIN 231,720,591 - 435,190 100% 0% 0.17% 4 Ordinary resolution number 2 – Authorisation of Directors FOR AGAINST ABSTAIN 231,722,291 - 433,490 100% 0% 0.17% Update on completion date of the Transaction: Insimbi and the AMR Corporate Group agreed to extend the completion deadline date from 30 November 2016 to 15 December 2016, as contemplated in clause 1.1.36 of the sale and purchase agreement. Update on Vendor Placement: Shareholders are advised that the R 100 million vendor placement has been fully subscribed for and the newly issued Insimbi shares will be issued to applicants by no later than 12 December 2016. Johannesburg 5 December 2016 Corporate Advisor and Sponsor: Bridge Capital Advisors Proprietary Limited Legal Advisor: Falcon and Hume Attorney Inc. Independent Reporting Accountants: PricewaterhouseCoopers Inc. Date: 05/12/2016 04:00:00 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.