Results of Annual General Meeting and Change to the Board of Directors LABAT AFRICA LIMITED (Incorporated in the Republic of South Africa) (Registration number 1986/001616/06) (“Labat” or “the Company”) ISIN Code: ZAE 000018354 Share code: LAB RESULTS OF ANNUAL GENERAL MEETING (“AGM”) AND CHANGE TO BOARD OF DIRECTORS Further to the announcement released on SENS on 28 February 2017, shareholders are advised that at the AGM of Labat held on 02 May 2017, convened in terms of the notice of AGM contained in the Annual Report, the voting information is as follows: Number of ordinary shares represented at the meeting 137 990 498 Total issued number of ordinary shares 259 202 297 Percentage of ordinary shares represented at the meeting 53.24% The resolutions proposed at the annual general meeting, together with the percentage of votes carried for and against each resolution, are set out below: Number of votes For Against Abstain Total Votes % % (% of issued (excluding share capital) abstentions) Ordinary Resolution Number 1 – 121 146 420 0 16 844 078 121 146 420 Approval of Financial Statements (100.00%) (0.00%) (12.21%) Ordinary Resolution Number 2 – 121 146 420 49 806 16 794 272 121 151 326 Re-appointment of Auditors (99.96%) (0.04%) (12.17%) Ordinary Resolution Number 3 – 13 306 582 124 181 903 502 013 137 488 485 Director retirement and re-election (9.68%) (90.32%) (0.36%) Mr Brian Jacobs Ordinary Resolution Number 4 – 121 196 226 0 16 794 272 121 196 226 Re-appointment of Audit Committee (100.00%) (0.00%) (12.17%) member – Mrs Rowena Majiedt Ordinary Resolution Number 5 – 13 356 388 124 181 903 452 207 137 538 291 Re-appointment of Audit Committee (9.71%) (90.29%) (0.33%) member – Mr Brian Jacobs Ordinary Resolution Number 6 – 121 196 226 0 16 794 272 121 196 226 Re-appointment of Audit Committee (100.00%) (0.00%) (12.17%) member – Mr Dawood Asmal Ordinary Resolution Number 7 – 110 311 734 10 884 492 16 794 272 121 196 226 Approval of non-binding Remuneration (91.02%) (8.98%) (12.17%) Policy Ordinary resolution Number 8 - 109 911 734 10 884 492 17 194 272 120 796 226 Approval to issue ordinary shares for cash (90.99%) (9.01%) (12.46%) Special Resolution Number 1 – 120 396 226 400 000 16 794 272 120 796 226 Non-Executive Directors’ Remuneration (99.67%) (0.33%) (12 17%) Special Resolution Number 2 – 120 396 226 0 17 194 272 120 396 226 General authority to enter into funding (100.00%) (0.00%) (12.46%) agreements, provide loans or other financial assistance Special Resolution Number 3 – 120 796 226 0 16 794 272 120 796 226 General authority to repurchase the (100.00%) (0.00%) (12.17%) Company’s securities Ordinary resolution number 9 – Signature 120 746 420 0 16 391 871 120 746 420 of documents (100.00%) (0.00%) (11.88%) The re-election of Mr B Jacobs as a director and appointment as an audit committee member was not approved.The board would like to thank Mr Jacobs for his years of service on the board and look forward to exploring other initiatives with him in the future. By order of the board. Johannesburg 03 May 2017 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 03/05/2017 05:15:00 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.