BLUE LABEL TELECOMS LIMITED - Report on annual general meeting proceedings

Report on annual general meeting proceedings

Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
JSE Share code: BLU
ISIN: ZAE000109088
(“Blue Label” or “the Company”)


REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS

Blue Label shareholders are advised that at the Annual General Meeting (“AGM”) of members held on Thursday,
08 December 2016, all the ordinary and special resolutions as proposed in the Notice of the AGM were approved by
the requisite majority of members. In this regard, Blue Label confirms the voting results at the AGM as follows:

                                                                                  %           Number
 Total number of shares that could be voted at meeting                            100         668,036,256
 Total number of shares present/represented including proxies at meeting          88          585,169,749
 Total number of members present                                                              35

                                          Votes in        %         Votes        %      Abstentions   %
                                          Favour                    Against

 Ordinary Resolution Number 1             584,993,712     99.97     4,100        0.00   171,937       0.03
 Election of Independent Non-Executive
 Director P Mahanyele

 Ordinary Resolution Number 2             584,907,342     99.97     98,171       0.01   164,236       0.02
 Re-election of Executive Director
 BM Levy

 Ordinary Resolution Number 3             584,995,213     99.97     4,100        0.00   170,436       0.03
 Re-election of Independent
 Non-Executive Director
 JS Mthimunye

 Ordinary Resolution Number 4             584,999,313     99.97     -            0.00   170,436       0.03
 Re-election of Independent
 Non-Executive Director
 LM Nestadt
 Ordinary Resolution Number 5             569,144,392     97.26     15,861,121   2.71   164,236       0.03
 Re-appointment of external Auditors

 Ordinary Resolution Number 6             584,994,593     99.97         10,920   0.00   164,236       0.03
 Appointment of Member and Chairman
 of the Audit, Risk and Compliance
 Committee
 JS Mthimunye

 Ordinary Resolution Number 7             584,992,493     99.97     6,820        0.00   170,436       0.03
 Appointment of Member of the Audit,
 Risk and Compliance Committee
 GD Harlow

 Ordinary Resolution Number 8             583,042,806     99.64     1,954,207    0.33   172,736       0.03
 Appointment of Member of the Audit,
 Risk and Compliance Committee
 SJ Vilakazi

 Ordinary Resolution Number 9             584,993,712     99.97     4,100        0.00   171,937       0.03
 Appointment of Member of the Audit,
 Risk and Compliance Committee
 P Mahanyele

 Ordinary Resolution Number 10            584,342,200     99.86     663,358      0.11   164,191       0.03
 Directors authority to implement
 ordinary and special resolutions

 Non-binding advisory vote                 571,861,923    97.73   13,135,934     2.24    171,892      0.03
 Endorsement of Blue Label’s
 Remuneration Policy

 Special Resolution Number 1               584,940,917    99.96     62,341      0.01     166,491      0.03
 Remuneration of Non-executive
 Directors

 Special Resolution Number 2                573,207,559    97.96   11,765,059    2.01     197,131     0.03
 General Authority to Repurchase Shares


 Special Resolution Number 3                523,948,079    89.54   61,057,434    10.43    164,236     0.03
 Approval of Financial Assistance to
 Related or Inter-related Companies
 and Corporations

 Special Resolution Number 4                 584,995,613   99.97        9,900     0.00    164,236     0.03
 Approval of Amendment of
 Memorandum of incorporation –
 Fraction of Shares




Sandton
08 December 2016

Sponsor
Investec Bank Limited

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