Results of General Meeting HULISANI LIMITED Incorporated in the Republic of South Africa (Registration number: 2015/363903/06) Share code: HUL ISIN: ZAE000212072 (“Hulisani” or “the Company”) RESULTS OF GENERAL MEETING (“the Meeting”) Shareholders are referred to the Meeting which was held at 4th Floor, North Tower, 90 Rivonia Road, Sandton today, 20 March 2017 at 10h00 and are advised that in terms of paragraph 3.91 of the JSE Listings Requirements, all ordinary and special resolutions proposed in the Notice of General Meeting were passed, by the requisite number of shareholders present and represented by proxy and being entitled to vote at the Meeting. The resolutions proposed, and the details of results are set out below: Votes Shares abstained Votes for against as a percentage resolution resolution (%) of shares in (%) * (%) * issue Ordinary resolution 100 0 0.002 number 1: Approval of the Acquisition Ordinary resolution 100 0 0.002 number 2: Use and retention of Residual Capital Ordinary resolution 100 0 0.002 number 3: General authority to issue shares for cash Ordinary resolution 100 0 0.002 number 4: Approval of Investment Policy Special resolution 100 0 0.002 number 1: General authority to repurchase shares Note * - In relation to the total number of shares voted at the Meeting Total shares voted in person or by proxy amounted to 93.84% of total issued share capital, being 46 919 676 voted shares. Johannesburg 20 March 2017 Sponsor: PSG Capital Proprietary Limited Date: 20/03/2017 12:20:00 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.