Results of Annual General Meeting ORION REAL ESTATE LIMITED Incorporated in the Republic of South Africa) (Registration number: 1997/021085/06) Share Code: ORE ISIN: ZAE000075651 ("Orion Real Estate" or “the company”) RESULTS OF ANNUAL GENERAL MEETING (“AGM”) Further to the announcement released on SENS on 28 December 2016 shareholders are advised that at the general meeting of Orion held on 24 January 2017, convened in terms of the notice of general meeting contained in the Annual Report, the voting information is as follows: Number of ordinary shares represented at the meeting 597 079 704 Total issued number of ordinary shares 630 698 688 Percentage of ordinary shares represented at the meeting 94.67% The resolutions proposed at the general meeting, together with the percentage of votes carried for and against each resolution, are set out below: For Against: Abstain Total Resolution proposed % % % shares voted Ordinary resolution number 1: 593 465 345 Nil 3 614 359 593 465 345 Auditor’s Report 100% Ordinary resolution number 2: 593 465 345 Nil 3 614 359 593 465 345 Adoption of Annual Financial Statements 100% Ordinary resolution number 3: 593 465 345 Nil 3 614 359 593 465 345 Re-election of MR R S WILKINSON 100% Ordinary resolution number 4: 593 465 345 Nil 3 614 359 593 465 345 Re-election of MR T F J OOSTHUIZEN 100% Ordinary resolution number 5: 593 465 345 Nil 3 614 359 593 465 345 Re-election of DR A C GMEINER 100% Special resolution number 1: 593 465 345 Nil 3 614 359 593 465 345 Remuneration of non-executive directors 100% Special Resolution number 2: 593 465 345 Nil 3 614 359 593 465 345 Inter-Company Loans in terms of section 100% 45 of the Companies Act 71 OF 2008, as amended Special Resolution number 3: 593 465 345 Nil 3 614 359 593 465 345 Amendment of the Memorandum of 100% Incorporation. To provide for the treatment of fractions and for all distributions to shareholders to be made by Electronic Fund Transfer. Ordinary resolution number 6: 593 465 345 Nil 3 614 359 593 465 345 Re-appointment of auditors 100% Ordinary resolution number 7: 593 465 345 Nil 3 614 359 593 465 345 Appointment of MR T F J OOSTHUIZEN to 100% the Audit Committee Ordinary resolution number 8: 593 465 345 Nil 3 614 359 593 465 345 Appointment of MR M D K MTHEMBU to 100% the Audit Committee Ordinary resolution number 9: 593 465 345 Nil 3 614 359 593 465 345 Appointment of MR R S WILKINSON to the 100% Audit Committee Ordinary resolution number 10: 593 465 345 Nil 3 614 359 593 465 345 Non-binding Shareholders Vote in favour 100% of the remuneration policy Ordinary resolution number 11: 593 465 345 Nil 3 614 359 593 465 345 General Authority to Issue Shares (not 100% applicable to issues of shares for cash) Ordinary resolution number 12: 593 465 345 Nil 3 614 359 593 465 345 General Authority to allot and issue shares 100% for cash By order of the board Johannesburg 30 January 2017 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 30/01/2017 03:20:00 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.