Results of the Annual General Meeting MONTAUK HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2010/017811/06) Share code: MNK & ISIN: ZAE000197455 (“MNK”) RESULTS OF THE ANNUAL GENERAL MEETING 1. INTRODUCTION Montauk ordinary shareholders are advised that at the Annual General Meeting (“AGM”) of HCI held on Tuesday 1st November 2017, all the resolutions, as set out in the notice of AGM and proposed at the meeting were passed, without modification, by the requisite majority of Montauk Shareholders. 2. RESULTS OF THE VOTING AT THE ANNUAL GENERAL MEETING The resolutions were voted on as follows: % of issued Number of shares share capital Total number of shares present/represented 58.0 80 402 249 including proxies at meeting (including shares abstained from voting) Number of votes (one vote per share) For Against Abstain ORDINARY RESOLUTIONS 1. Adoption of annual financial statements 80 370 338 3 346 28 565 100.00% 0.00% 0.02% 2.1 Election of director: Mr MA Jacobson 77 731 991 2 641 693 28 565 96.71% 3.29% 0.02% 2.2 Election of director: Ms NB Jappie 80 370 338 3 346 28 565 100.00% 0.00% 0.02% 2.3 Election of director: Mr SF McClain 80 273 277 100 407 28 565 99.88% 0.12% 0.02% 3. Re-appointment of auditor: Grant Thornton 80 370 338 3 346 28 565 Jhb Partnership 100.0% 0.00 0.02% 4.1 Appointment of audit committee - Mr MH 80 273 277 100 407 28 565 Ahmed 100.0% 0.12% 0.02% 4.2 Appointment of audit committee - Ms NB 80 370 338 3 346 28 565 Jappie 100.0% 2.75% 0.02% 4.3 Appointment of audit committee – Mr BS 80 370 338 3 346 28 565 Raynor 100.0% 0.00% 0.02% 5. Place unissued shares under the control of 73 101 890 7 271 794 28 565 the directors 90.95% 9.05% 0.02% 6. Non-binding Advisory Resolution - 73 101 890 7 271 794 28 565 endorsement of remuneration report 90.95% 9.05% 0.02% 7. Authorisation of directors to implement 80 370 338 3 346 28 565 resolutions passed 100.00% 0.00% 0.02% SPECIAL RESOLUTIONS 1. General authority to issue shares and 73 199 114 7 174 570 28 565 options of cash 91.07% 8.93% 0.02% 2. Approval of annual fees to be paid to non- 80 370 338 3 346 28 565 executive directors 100.00% 0.00% 0.02% 3. General authority to repurchase company 80 370 338 3 346 28 565 shares 100.0% 0.00% 0.02% 4. General authority to provide financial 76 939 635 3 434 049 28 565 assistance in terms of section 44 and section 45 of the Companies Act 95.73% 4.27% 0.02% 1 November 2017 Cape Town Sponsor and Corporate Adviser Investec Bank Limited Date: 01/11/2017 03:52:00 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.