Results of the Annual General Meeting Bell Equipment Limited (Incorporated in the Republic of South Africa) (Registration No. 1968/013656/06) Share code: BEL ISIN: ZAE000028304 (“Bell” or the “Company”) RESULTS OF THE ANNUAL GENERAL MEETING At the 49th Annual General Meeting ("AGM") of Bell shareholders held on 3 May 2017, the following resolutions, as set out in the notice of annual general meeting incorporated in the Integrated Annual Report and distributed to shareholders on 30 March 2017, were duly approved by the requisite majority of votes. In this regard, Bell confirms the voting statistics from the AGM as follows: Shares voted in relation to the total issued share capital: Number of shares Total issued share Percentage shares voted capital voted 84 524 484 95 306 885 88.69% Resolutions Votes carried Number of Shares voted Shares disclosed as a shares voted disclosed as a abstained percentage in percentage in disclosed as a relation to the relation to percentage in total number of the total relation to the shares voted at issued share total issued the meeting capital share capital For Against 1. Adoption of the annual financial 100% 0% 84 483 184 88.64% 0.02% statements for the period ended 31 December 2016 2.1. Re-election of Mr T Tsukudu 99.62% 0.38% 84 052 721 88.19% 0.53% as an independent non-executive director of the Company 2.2 Re-election of Ms B Harie as 100% 0% 84 483 184 88.64% 0.02% a non-executive director of the Company 3.1 Election of Mr R Naidu as an 100% 0% 84 483 184 88.64% 0.02% independent non-executive director of the Company 3.2 Election of Ms M Ramathe as an 100% 0% 84 483 184 88.64% 0.02% independent non-executive director of the Company 4.1. To appoint Mr DH Lawrance as 100% 0% 84 483 184 88.64% 0.02% a member of the Audit Committee 4.2. To appoint Mr R Naidu as a 100% 0% 84 483 184 88.64% 0.02% member of the Audit Committee 4.3. To appoint Ms M Ramathe as 100% 0% 84 483 184 88.64% 0.02% a member of the Audit Committee 5. Appointment of Deloitte & Touche 98.10% 1.90% 84 483 184 88.64% 0.02% as the auditors of the Company 6. Placement of the authorised but 91.73% 8.27% 84 482 184 88.64% 0.02% unissued shares under the control of the directors 7. Non-binding advisory 88.58% 11.42% 84 482 729 88.64% 0.02% endorsement of the Company’s remuneration policy Special Business 1. The granting of financial 100% 0% 84 482 729 88.64% 0.02% assistance in terms of Section 45 of the Companies Act, No 71 of 2008, as amended 2.1 Non-executive directors’ 100% 0% 84 482 729 88.64% 0.02% remuneration for the 2018 financial year: annual retainer fee: non- executive Chairman 2.2 Non-executive directors’ 100% 0% 84 482 729 88.64% 0.02% remuneration for the 2018 financial year: annual retainer fee: non- executive directors 2.3 Non-executive directors’ 100% 0% 84 482 729 88.64% 0.02% remuneration for the 2018 financial year: fees paid per meeting to the chairman of the board and chairmen of the committees: Board 2.4 Non-executive directors’ 100% 0% 84 482 729 88.64% 0.02% remuneration for the 2018 financial year: fees paid per meeting to the chairman of the board and chairmen of the committees: Audit Committee 2.5 Non-executive directors’ 100% 0% 84 482 729 88.64% 0.02% remuneration for the 2018 financial year: fees paid per meeting to the chairman of the board and chairmen of the committees: Risk and Sustainability Committee 2.6 Non-executive directors’ 100% 0% 84 482 729 88.64% 0.02% remuneration for the 2018 financial year: fees paid per meeting to the chairman of the board and chairmen of the committees: Nominations Committee 2.7 Non-Executive directors’ 100% 0% 84 482 729 88.64% 0.02% remuneration for the 2018 financial year: fees paid per meeting to the chairman of the board and chairmen of the committees: Remuneration Committee 2.8 Non-Executive directors’ 100% 0% 84 482 729 88.64% 0.02% remuneration for the 2018 financial year: fees paid per meeting to the chairman of the board and chairmen of the committees: Social, Ethics and Transformation Committee 2.9 Non-Executive directors’ remuneration for the 2018 financial 100% 0% 84 482 729 88.64% 0.02% year: fees paid to non-executive directors: Board 2.10 Non-Executive directors’ 100% 0% 84 482 729 88.64% 0.02% remuneration for the 2018 financial year: fees paid to non-executive directors: Audit Committee 2.11 Non-Executive directors’ 100% 0% 84 482 729 88.64% 0.02% remuneration for the 2018 financial year: fees paid to non-executive directors: Risk and Sustainability Committee 2.12 Non-Executive directors’ 100% 0% 84 482 729 88.64% 0.02% remuneration for the 2018 financial year: fees paid to non-executive directors: Nominations Committee 2.13 Non-Executive directors’ 100% 0% 84 482 729 88.64% 0.02% remuneration for the 2018 financial year: fees paid to non-executive directors: Remuneration Committee 2.14 Non-Executive directors’ 100% 0% 84 482 729 88.64% 0.02% remuneration for the 2018 financial year: fees paid to non-executive directors: Social, Ethics and Transformation Committee 2.15 Non-Executive directors’ 100% 0% 84 482 729 88.64% 0.02% remuneration for the 2018 financial year: fees paid to non-executive directors: Bell Audit Services Committee 3. Basis of remuneration payable to 98.62% 1.38% 84 482 729 88.64% 0.02% ex-non-executive director D. Vlok for past services as a director of the Company 4. General authority to repurchase 98.24% 1.76% 84 483 184 88.64% 0.02% shares Richards Bay 4 May 2017 Sponsor INVESTEC BANK LIMITED Date: 04/05/2017 02:34:00 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.