ALEXANDER FORBES GROUP HOLDINGS LIMITED - Report on proceedings at annual general meeting

Report on proceedings at annual general meeting

Alexander Forbes Group Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2006/025226/06)
ISIN: ZAE000191516
Share Code: AFH
(“Alexander Forbes” or “the Company”)

REPORT ON PROCEEDINGS AT ANNUAL GENERAL MEETING

At the 2017 annual general meeting (“AGM”) of the shareholders of Alexander Forbes held yesterday, 7 September 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:

Percentage of votable shares represented in relation to the total issued share capital:

Number of votable shares                         Total issued share capital
1 300 949 417                                    1 341 426 963

                             Total Shares Voted            Shares Voted in Favour         Shares Voted Against     Total Shares Abstained

                             No.                 % of      No.                % of        No.             % of     No.              % of
                                                 votable                      total                       total                     votable
                                                 shares                       shares                      shares                    shares
                                                                              voted                       voted
ORDINARY RESOLUTIONS
Election of Directors
1.1 Mr MD Collier            1 144 328 994       87.96     1 063 725 983      92.96       80 603 011      7.04     3 239 270        0.25
1.2 Mr WS O’Regan            1 144 328 994       87.96     1 142 017 939      99.80       2 311 055       0.20     3 239 270        0.25
1.4 Ms BJ Memela             1 144 328 994       87.96     1 144 327 721      100         1 273           0.00     3 239 270        0.25
1.5 Mr AA Darfoor            1 144 328 994       87.96     1 142 936 918      99.88       1 392 076       0.12     3 239 270        0.25
2. Appointment of Audit
Committee Members
2.1 Dr. D Konar              1 144 328 994       87.96     1 125 150 332      98.32       19 178 662      1.68     3 239 270        0.25
(Chairman)
2.3 Mr MD Collier            1 144 328 994       87.96     1 064 279 198      93.00       80 049 796      7.00     3 239 270        0.25
3. Reappointment of          1 144 326 612       87.96     1 069 903 325      93.50       74 423 287      6.50     3 241 652        0.25
Auditors
4. Endorsement of            1 143 632 074       87.91     950 267 387        83.09       193 364 687     16.91    3 936 190        0.30
Remuneration Policy
5. Authorisation of          1 144 326 745       87.96     1 144 325 472      100         1273            0.00     3 241 519        0.25
Directors
SPECIAL RESOLUTIONS
1. Non-Executive             1 144 331 211       87.96     1 144 116 873      99.98       214 338         0.02     3 237 053        0.25
Director’s Fees
2. Section 45 Intergroup     1 144 328 994       87.96     1 144 327 648      100         1346            0.00     3 239 270        0.25
Loans
3. General Authority to      1 144 329 002       87.96     1 142 765 607      99.86       1 563 405       0.14     3 239 262        0.25
Repurchase Company
Shares

The special resolution resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property
Commission in due course.


Sandton
11 September 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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