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) Date: 11/09/2017 11:00:00 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. 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.