Results of General Meeting ALEXANDER FORBES GROUP HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number: 2006/025226/06) JSE Share Code: AFH ISIN: ZAE000191516 (“Alexander Forbes” or “the Company”) RESULTS OF GENERAL MEETING Shareholders of Alexander Forbes are advised that at the general meeting held at the offices of Alexander Forbes in the Table Mountain Board Room at 115 West Street, Sandown, Sandton, today, 20 January 2017 at 10:00 (“General Meeting”), the resolutions as set out in the notice of General Meeting incorporated in the circular dated 2 December 2016, were duly approved by the requisite majority of votes as follows: Percentage of votable shares represented in relation to the total issued share capital: Number of votable Total issued share Percentage of votable shares represented capital shares 1 294 562 414 1 341 426 963 92.10 Resolutions Total of Represented Total Votes in Favour Total Votes Against Total Shares Shares Exercised Abstained No % No % No % No % Ordinary Resolution number 1 - Issue of the subscription 1 192 202 662 100 1 071 777 896 89.90 120 424 766 10.10 46 970 shares Ordinary Resolution number 2 Acquisition of the 1 192 202 662 100 1 071 780 778 89.90 120 421 884 10.10 46 970 subscription shares Ordinary Resolution number 3 1 192 199 780 100 1 071 776 973 89.90 120 422 807 10.10 49 852 Issue of the flip-up shares Ordinary Resolution number 4 - 1 192 200 789 100 1 188 880 167 99.72 3 320 622 0.28 48 843 Authorising resolution Johannesburg 20 January 2017 Corporate Advisor and Transaction Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Legal Advisor to Alexander Forbes Bowmans Corporate Advisor to ARC UBS South Africa Proprietary Limited Legal Advisor to ARC Allen & Overy Date: 20/01/2017 01:40:00 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.