VALUE GROUP LIMITED - Results of General Meeting relating to proposed amendment of Value Groups 2010 B-BBEE transaction

Results of General Meeting relating to proposed amendment of Value Group’s 2010 B-BBEE transaction

Value Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/002203/06)
Share code: VLE
ISIN:ZAE000016507
(“Value Group” or “the company”)


RESULTS OF GENERAL MEETING RELATING TO PROPOSED AMENDMENT OF VALUE GROUP’S 2010
B-BBEE TRANSACTION

Shareholders are advised that, at the General Meeting of Value Group held on Friday, 21 July 2017 the ordinary
and special resolutions relating to the proposed amendment to the 2010 B-BBEE Transaction in terms of which
the maturity date thereof is being extended by 5 years from the 7th anniversary of the 2010 B-BBEE Transaction
effective date to the 12th anniversary thereof, were passed on a poll by the requisite majorities. The Phosa SPV
and Padiyachy SPV and their associates, holding 21,278,520 ordinary shares and the Value Group Empowerment
Trust, and their associates, holding 10,429,010 A shares were precluded from voting in accordance with the JSE
Listings Requirements.


In this regard, Value Group confirms the voting results from the General Meeting were as follows:

                                                                                   %                Number

Total number of shares that could be voted at the meeting                          100%             162,407,139
Total number of shares present/represented including proxies at the meeting        72.65%           117,994,186
Total number of members present in person                                                                     4



                                       Votes in       %            Votes        %        Shares         Abstentions       % of
                                       favour                      against               voted                            shares
                                                                                                                          that
                                                                                                                          could be
                                                                                                                          voted
 Ordinary resolution number 1:
 Approval of B-BBEE Transaction
 Amendment                             117,950,738    99.99        6,300       0.01     117,957,038        37,148         0.02%

 Ordinary resolution number 2:
 Approval to authorise each director
 and the company secretary to sign
 documents and take actions to
 implement the resolutions             117,958,327    99.99        6,300       0.01     117,964,627        29,559         0.02%

 Special resolution number 1:
 Approve the amendment to the MOI
 relating to the A Shares              117,958,327    99.99        6,300       0.01     117,964,627        29,559         0.02%

For and on behalf of the Board.

Johannesburg

21 July 2017

Sponsor                                    Attorneys to Value              Auditors and reporting
                                            Group                           accountants
Investec Bank Limited                      Bowman Gilfillan Inc.           Baker Tilly SVG

Independent professional expert            Corporate adviser
Mazars Corporate Finance Proprietary       HJLConsult
Limited

Date: 21/07/2017 03:46:00 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.