Results of annual general meeting VUNANI LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/020641/06) JSE code: VUN ISIN: ZAE000163382 (“Vunani” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that the annual general meeting of shareholders of the company was held today Tuesday, 8 August 2017. In terms of the proposed ordinary and special resolutions, all resolutions as set out in the notice of annual general meeting contained in the integrated report which was posted to shareholders on 6 July 2017, were passed by the requisite majority of shareholders present and voting, in person or by proxy. Details of the results of voting at the general meeting are as follows: - Total number of issued ordinary shares: 164 055 727 - Total number of issued ordinary shares net of treasury shares (“Total Votable Ordinary Shares”): 158 476 739 - Total number of issued ordinary shares which were present/represented at the general meeting: 116 236 519 being 73.34610% of the Total Votable Ordinary Shares. Ordinary Resolutions Ordinary resolution 1: Confirmation of T Mika as Chief Financial Officer For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 150 69 being 941 300 being 115 295 219 being 99.99994% 0.00006% 0.59397% being 72.75214% Ordinary resolution 2: Confirmation of MJA Golding as a non- executive director For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 150 69 being 941 300 being 115 295 219 being 99.99994% 0.00006% 0.59397% being 72.75214% Ordinary resolution 3: Re-election of XP Guma as an independent non-executive director For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 150 69 being 941 300 being 115 295 219 being 99.99994% 0.00006% 0.59397% being 72.75214% Ordinary resolution 4: Re-election of LI Jacobs as an independent non-executive director and chairman For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 150 69 being 941 300 being 115 295 219 being 99.99994% 0.00006% 0.59397% being 72.75214% Ordinary resolution 5: Re-election of SN Mthethwa as a non- executive director For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 150 69 being 941 300 being 115 295 219 being 99.99994% 0.00006% 0.59397% being 72.75214% Ordinary resolution 6: Re-election of GS Nzalo as a member and chairman of the audit and risk committee. For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 150 69 being 941 300 being 115 295 219 being 99.99994% 0.00006% 0.59397% being 72.75214% Ordinary resolution 7: Re-election of JR Macey as a member of the audit and risk committee For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 145 74 being 941 300 being 115 295 219 being 99.99994% 0.00006% 0.59397% being 72.75214% Ordinary resolution 8: Re-election of NS Mazwi as a member of the audit and risk committee For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 150 69 being 941 300 being 115 295 219 being 99.99994% 0.00006% 0.59397% being 72.75214% Ordinary resolution 9: Re-appointment of KPMG Inc. as the auditor of the company For (1) Against (1) Abstentions (2) Shares voted (3) 115 256 030 39 189 being 941 300 being 115 295 219 being 99.96601% 0.03399% 0.59397% being 72.75214% Ordinary resolution 10: General authority to directors to allot and issue authorised but unissued ordinary shares For (1) Against (1) Abstentions (2) Shares voted (3) 115 256 035 39 184 being 941 300 being 115 295 219 being 99.96601% 0.03399% 0.59397% being 72.75214% Ordinary resolution 11: General authority to directors to allot and issue ordinary shares for cash For (1) Against (1) Abstentions (2) Shares voted (3) 115 256 035 39 184 being 941 300 being 115 295 219 being 99.96601% 0.03399% 0.59397% being 72.75214% *The controlling shareholders together with their associates were excluded from voting on this resolution. Ordinary resolution 12: Approval of remuneration policy (non- binding advisory vote) For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 145 69 being 941 300 being 115 295 214 being 99.99994% 0.00006% 0.59397% being 72.75214% Special resolution 1: Approval of remuneration payable to non- executive directors For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 150 69 being 941 300 being 115 295 219 being 99.99994% 0.00006% 0.59397% being 72.75214% Special resolution 2: Repurchase of company shares For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 150 69 being 941 300 being 115 295 219 being 99.99994% 0.00006% 0.59397% being 72.75214% Special resolution 3: Financial assistance For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 150 69 being 941 300 being 115 295 219 being 99.99994% 0.00006% 0.59397% being 72.75214% Special resolution 4: Increase in authorised share capital For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 150 69 being 941 300 being 115 295 219 being 99.99994% 0.00006% 0.59397% being 72.75214% Special resolution 5: Amendment to the MOI For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 145 69 being 941 305 being 115 295 214 being 99.99994% 0.00006% 0.59397% being 72.75214% Ordinary resolution 13: Directors’ authority to sign documentation For (1) Against (1) Abstentions (2) Shares voted (3) 115 295 145 74 being 941 300 being 115 295 219 being 99.99994% 0.00006% 0.59397% being 72.75214% Notes: (1) The votes carried for and against each individual resolution are disclosed as a percentage in relation to the total number of ordinary shares voted (whether in person or by proxy) in respect of such individual resolution at the general meeting. (2) The total number of ordinary shares abstained in respect of each individual resolution (whether in person or by proxy) is disclosed as a percentage in relation to the Total Votable Ordinary Shares. (3) The total number of ordinary shares voted (whether in person or by proxy) at the annual general meeting in respect of each individual resolution is disclosed as a percentage in relation to the Total Votable Ordinary Shares. Sandton 8 August 2017 Designated Adviser Grindrod Bank Limited Date: 08/08/2017 03:00:00 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. 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