Report on proceedings at the annual general meeting SABVEST LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/003753/06) Share code: SBV – ordinary shares / SVN – ‘N’ ordinary shares ISIN: ZAE000006417 – ordinary shares / ISIN: ZAE000012043 – ‘N’ ordinary shares ("Sabvest” or “the Company”) REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING At the annual general meeting (“AGM”) of the shareholders of Sabvest held today, 16 May 2017, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, the company confirms the voting statistics from the AGM as follows: Shares voted in relation to the total issued share capital: Total number of Total issued shares present share capital or represented Percentage by proxy shares voted Ordinary shares * 17 076 804 11 924 870 69,83 ‘N’ ordinary shares * 28 883 000 4 142 510 14,34 * Each ordinary share has 500 votes and each ‘N’ ordinary share has one vote. Total number of Total number Votes present or Percentage of votes represented by number of votes proxy voted Total number of votes 8 584 362 304 5 962 435 000 69,46 Total number of members present: 10 Votes carried disclosed as a percentage in relation to the total number of shares voted Resolutions at the meeting (there were no abstentions) For Against Ordinary resolutions Presentation and approval of annual financial statements, directors’ report, audit committee 100% 1. report and social and ethics committee report for the year ended 31 December 2016 2. Re-election of Mr N S H Hughes 100% 3. Re-election of Mr C S Seabrooke. 100% 4. Re-election of Mr B J T Shongwe. 100% 5. Re-appointment of Deloitte & Touche. 100% 6. Election of Audit Committee members. 6.1 N S H Hughes 100% 6.2 D N M Mokhobo 100% 6.3 B J T Shongwe 100% Non-binding endorsement of Remuneration 7. Policy. 100% Placing 1 million unissued ordinary shares and 8,7m unissued ‘N’ ordinary shares under the 100% 8. control of the directors and general authority to allot and issue 9. Authority to sign all documents required. Special resolutions Approval of proposed non-executive directors’ 1. remuneration for the year ending 31 December 100% 2017. Authority to provide financial assistance to any 100% 2. group company 3. General authority to repurchase shares 100% Authority to provide financial assistance in terms 4. of section 44 of the Companies Act 100% The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. Sandton 16 May 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 16/05/2017 02:40:00 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.