Results of Annual General Meeting EFFICIENT GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 2006/036947/06) Share code: EFG ISIN: ZAE000151841 (“EFG” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that, at the annual general meeting of EFG held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 81 134 421, representing 89.56% of the total issued share capital of the same class of EFG shares. The resolutions proposed at the meeting, as well as the percentage of votes carried for and against each resolution, together with the percentage of shares abstained, are set out below: % of votes % of votes carried for the against the % of shares Resolution resolution resolution abstained Ordinary resolution number 1: Re-election of 100 - - Dr Steve Booysen as non-executive director Ordinary resolution number 2: Re-election of 100 - - Ms Zee Cele as non-executive director Ordinary resolution number 3: Re-appointment of 100 - - KPMG Incorporated as external auditors Ordinary resolution number 4: Re-appointment of Joe Rosen as member of the Audit and Risk 100 - - Committee Ordinary resolution number 5: Re-appointment of Lynette Taylor as member of the Audit and Risk 100 - - Committee Ordinary resolution number 6: Re-appointment of 100 - 0.02 Zee Cele as member of the Audit and Risk Committee Ordinary resolution number 7: Placement of authorised but unissued shares under the directors’ 100 - - control Ordinary resolution number 8: General authority to 100 - - issue ordinary shares, for cash Special resolution number 1: General authority to 100 - - repurchase shares Special resolution number 2.1: Approval of non- 100 - - executive directors fees for 2017 Special resolution number 2.2: Ratification and approval of remuneration paid to Dr Steve Booysen, the independent non-executive Chairman of the 100 - 0.01 Company, for the provision of additional services to the Company for the period 1 September 2015 to 31 August 2016 Special resolution number 3: General authority to 100 - 0.02 provide financial assistance Ordinary resolution number 9: Non-binding advisory 100 - - endorsement: Remuneration policy Ordinary resolution number 10: Authority for directors or company secretary to implement 100 - - resolutions Johannesburg 25 January 2017 Sponsor Merchantec Capital Date: 25/01/2017 05:30:00 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.