Results of Annual General Meeting Indequity Group Limited Incorporated in the Republic of South Africa Registration number: 1998/015883/06 Share code: IDQ ISIN code: ZAE000016606 (“Indequity” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Results of annual general meeting Indequity Shareholders (“Shareholders”) are hereby advised that at the annual general meeting of Shareholders held at 11h00 on Wednesday, 07 December 2016 (“the AGM”), all of the ordinary and special resolutions contained in the notice of AGM, forming part of the 2016 Indequity Annual Report, were passed by the requisite majority of votes of shareholders present in person or represented by proxy at the AGM. Details of the results of voting at the AGM are as follows: - Total number of issued ordinary shares: 13 105 632 - Total number of issued A Class preference shares: 14 870 000 - Total number of issued B Class preference shares: 11 669 680 - Total number of issued Shares net of treasury shares (“Shares”): 39 645 312 (“AGM Total Votable Shares”) - Total number of issued Shares which were voted in person or represented by proxy: 29 707 295 Shares, being 74.93% of the total issued Shares and 74.93% of the AGM Total Votable Shares Shares Shares Total Shares Total Total Shares Shares voted voted voted Shares voted (% of abstained for (% against (number) voted (% AGM Total (% of total (% total of total Votable total Shares Shares Shares in Shares) Shares in voted) voted) issue) issue) 1 To adopt the annual 100% - 29 707 295 74.93% 74.93% 0 financial statements 2 To re-appoint KPMC 100% - 29 707 295 74.93% 74.93% 0 Inc., with T Bashall as audit partner, as auditors until the next annual general meeting and authorise the directors to determine and pay the auditors remuneration 3 To approve that 100% - 29 707 295 74.93% 74.93% 0 KPMG Services Proprietary Limited provide JSE sponsor services to Indequity, although KPMG Inc. are the auditors of the group 4 To re-elect G 100% - 29 707 295 74.93% 74.93% 0 Williamson as non- executive director 5 To elect G 100% - 29 707 295 74.93% 74.93% 0 Williamson, JF Zwarts and A van Jaarsveldt as members of the Audit and risk committee 6 To elect G 100% - 29 707 295 74.93% 74.93% 0 Williamson, JF Zwarts, A van Jaarsveldt as members of the social and ethics committee 7 Special resolution 100% - 29 707 295 74.93% 74.93% 0 No.1: Repurchase of Shares Special Resolution 100% - 29 707 295 74.93% 74.93% 0 No.2: Directors Remuneration Special Resolution 100% - 29 707 295 74.93% 74.93% 0 No.3: Financial Assistance 8 Ordinary Resolutions 100% - 29 707 295 74.93% 74.93% 0 No.1: To place the unissued shares of the Company under the control of Directors Ordinary Resolutions 100% - 29 707 295 74.93% 74.93% 0 No.2: To issue shares or sell treasury shares for cash Ordinary Resolutions 100% - 29 707 295 74.93% 74.93% 0 No.3: Authority to sign documents Ordinary Resolutions 100% - 29 707 295 74.93% 74.93% 0 No.4: Authorisation of remuneration policy Johannesburg 08 December 2016 Sponsor KPMG Services (Pty) Ltd Date: 08/12/2016 11:27:00 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.