Results of Annual General Meeting GLOBAL ASSET MANAGEMENT LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2002/003192/06) Share Code: GAM ISIN: ZAE000173498 ("Global" or “the Company”) RESULTS OF ANNUAL GENERAL MEETING (“AGM”) Shareholders are advised that the Company’s AGM was held on Wednesday, 12 July 2017 and all resolutions proposed at the AGM were passed by the requisite majority. Details of the results of voting were as follows: Total number of shares in issue at the date of the AGM: 73 481 246 Total number of shares represented at the AGM: 66 221 028 Total percentage of shares represented at the AGM: 90.12% The resolutions proposed at the AGM, together with the percentage of votes carried for and against each resolution, are set out below: For Against Abstain Resolution proposed % % % Ordinary Resolution Number 1 – 66 221 028 - - Adoption of annual financial statements 100% 0% 0% Ordinary Resolution Number 2 – 66 221 028 - - Director retirement and re-election – 100% 0% 0% AJ Naidoo Ordinary Resolution Number 3 - 66 221 028 - - Auditors’ re-appointment and remuneration 100% 0% 0% – Howarth Leveton Boner Ordinary Resolution Number 4 - 66 221 028 - - Appointment of Audit and Risk Committee 100% 0% 0% member – GT Magomola Ordinary Resolution Number 5 – 66 221 028 - - Appointment of Audit and Risk Committee 100% 0% 0% member – GK Cunliffe Ordinary Resolution Number 6 – 66 221 028 - - Appointment of Audit and Risk Committee 100% 0% 0% member – AJ Naidoo Ordinary Resolution Number 7 – 66 221 028 - - Approval of Remuneration Policy 100% 0% 0% Special Resolution Number 1 – 66 221 028 - - General authority to allot and issue shares 100% 0% 0% for cash Special Resolution Number 2 – Authority to issue shares, securities 66 221 028 - - convertible into shares or rights that may 100% 0% 0% exceed 30% of the voting power of the current issued share capital Special Resolution Number 3 – 66 221 028 - - Non-Executive Directors’ remuneration 100% 0% 0% Special Resolution Number 4 – General authority to enter into funding 66 221 028 - - agreements, provide loans or other 100% 0% 0% financial assistance Special Resolution Number 5 – 66 221 028 - - General authority to acquire (repurchase) 100% 0% 0% shares By order of the board Johannesburg 12 July 2017 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 12/07/2017 04:45:00 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.