Results of Annual General meeting and change to the board of directors BOWLER METCALF LIMITED (Registration number 1972/005921/06) Share code: BCF ISIN number: ZAE000030797 (“Bowler Metcalf” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING (“AGM”) AND CHANGE TO THE BOARD OF DIRECTORS RESULTS OF THE AGM The board of directors is pleased to announce the results of the AGM held yesterday, Wednesday 8 November 2017. Total number of issued ordinary shares: 87 624 108 Number of ordinary shares represented at the AGM: 56 282 782 Number of ordinary shares eligible to vote (excluding 5 629 003 treasury shares): 50 653 779 Percentage of total ordinary shares represented at the AGM: 64,2% The resolutions proposed at the AGM, together with the percentage of votes carried for and against each resolution, are set out below: Resolution For Against Abstain Total voted Ordinary resolution No 1: 50 643 964 9 815 50 653 779 Approval of annual financial statements 100% 0% 0,02% Ordinary resolution No 2: Endorsement of directors remuneration 40 946 527 9 089 258 617 994 50 653 779 policy 81,8% 18,2% 1,22% Ordinary resolution No 3: 50 636 464 17 315 50 653 779 Re-Election of director – Brian Frost 100% 0% 0,03% Ordinary resolution No 4: Re-Election of director – Craig 50 636 464 17 315 50 653 779 MacGillivray 100% 0% 0,03% Ordinary resolution No 5: Director’s authority to negotiate and sign 50 636 464 17 315 50 653 779 100% 0% 0,03% Ordinary resolution No 6: 49 387 361 1 249 103 17 315 50 653 779 Reappointment of auditors 97,5% 2,5% 0,03% Ordinary resolution No 7.1: Re-Election of Audit and Risk Committee 50 636 464 17 315 50 653 779 member – Craig MacGillivray 100% 0% 0,03% Ordinary resolution No 7.2: Re-Election of Audit and Risk Committee 49 420 077 1 216 387 17 315 50 653 779 member – Brian Frost 97,6% 2,4% 0,03% Ordinary resolution No 7.3: Re-Election of Audit and Risk Committee 50 636 464 17 315 50 653 779 member - Sarah Gillett 100% 0% 0,03% Special resolution No 1: 50 636 464 7 500 9 815 50 653 779 General authority to repurchase shares 99,99% 0,01% 0,02% Special resolution No 2: 50 635 964 17 815 50 653 779 Provision of financial assistance 100% 0% 0,04% Special resolution No 3: 50 020 285 15 500 617 994 50 653 779 Non-executive directors fees 99,97% 0,03% 1,22% CHANGE TO THE BOARD OF DIRECTORS In accordance with paragraph 3.59(b) of the Listing Requirements of the JSE Limited, shareholders are hereby advised that Mr Mike Olds has retired from his position as executive director of the Company with effect from 8 November 2017. He has served the plastics division of the Company for 34 years and he has further served on the Bowler Metcalf board for 25 years. The board acknowledges his significant contribution to the business over the many years and wish him well in his future endeavours. Cape Town 9 November 2017 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 09/11/2017 05:43:00 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.