Results of Annual General Meeting Insimbi Refractory and Alloy Supplies Limited (Incorporated in the Republic of South Africa) (Registration number: 2002/029821/06) Share code: ISB ISIN: ZAE000116828 (“Insimbi” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Insimbi ordinary shareholders are advised that at the annual general meeting (“AGM”) of shareholders held at Stand 359 Crocker Road, Wadeville, Extension 4, Germiston on Monday, 26 June 2017 at 10h00, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy. The number of ordinary Insimbi shares voted in person or by proxy was 320 002 719 representing 78% of the total ordinary issued share capital of the same class of Insimbi ordinary shares. All resolutions proposed at the AGM, together with the percentage of shares abstained (as a percentage of total issued share capital of the Company), shares voted (as a percentage of total issued share capital of the Company) as well as the percentage of votes carried for and against each resolution (as a percentage of shares voted), are as follows: Ordinary resolution number 1 – Adoption of Annual Financial Statements FOR AGAINST ABSTAIN 99.92% 0% 0.06% Ordinary resolution number 2 – Re-election of Mrs IP Mogotlane FOR AGAINST ABSTAIN 67.86% 0% 25.09% Ordinary resolution number 3 – Re-election of Mr N Mwale FOR AGAINST ABSTAIN 99.92% 0% 0.06% Ordinary resolution number 4 – Re-election of Mr B Craig FOR AGAINST ABSTAIN 99.92% 0% 0.06% Ordinary resolution number 5 – Re-election of Mr R Dickerson FOR AGAINST ABSTAIN 99.92% 0% 0.06% Ordinary resolution number 6 – Re-election of Mrs CS Ntshingila FOR AGAINST ABSTAIN 99.92% 0% 0.06% Ordinary resolution number 7 – Appointment of Mr B Craig as member of the audit and risk committee FOR AGAINST ABSTAIN 99.92% 0% 0.06% Ordinary resolution number 8 – Appointment of Mrs IP Mogotlane as member of the audit and risk committee FOR AGAINST ABSTAIN 67.86% 0% 25.09% Ordinary resolution number 9 – Appointment of Mrs CS Ntshingila as member of the audit and risk committee FOR AGAINST ABSTAIN 99.92% 0% 0.06% Ordinary resolution number 10 – Appointment of Mr RI Dickerson as member of the audit and risk committee FOR AGAINST ABSTAIN 99.92% 0% 0.06% Ordinary resolution number 11 – Appointment of PricewaterhouseCoopers as external Auditors FOR AGAINST ABSTAIN 99.92% 0% 0.06% Ordinary resolution number 12 – Indemnification of directors FOR AGAINST ABSTAIN 99.92% 0.01% 0.06% Ordinary resolution number 13 – General authority to issue shares/convertible shares or options for cash FOR AGAINST ABSTAIN 99.92% 0% 0.06% Special resolution number 1 – Non-executive directors fee’s for the year ending 28 February 2018 FOR AGAINST ABSTAIN 99.92% 0% 0.06% Special resolution number 2 – General authority to re-purchase company shares FOR AGAINST ABSTAIN 99.92% 0% 0.06% Special resolution number 3 – Authorisation for direct or indirect financial assistance FOR AGAINST ABSTAIN 99.92% 0% 0.06% Johannesburg 26 June 2017 Sponsor: Bridge Capital Advisors Proprietary Limited Date: 26/06/2017 03:34:00 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.