Report on proceedings at the annual general meeting REMGRO LIMITED (Incorporated in the Republic of South Africa) (Registration number 1968/006415/06) ISIN: ZAE000026480 Share code: REM (“Remgro”) REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING At the 2017 annual general meeting (“AGM”) of the shareholders of Remgro held yesterday, Wednesday, 29 November 2017 all the ordinary and special resolutions proposed were approved by the requisite majority of votes. In this regard, Remgro confirms the voting statistics from the AGM as follows: Resolutions Votes carried disclosed Shares voted disclosed Shares abstained as a percentage in as a percentage in disclosed as a relation to the total relation to the total percentage in number of shares voted Number of shares issued share capital* relation to the total at the meeting voted issued share capital* Ordinary shares (“Ord”) Ordinary shares (“Ord”) B ordinary shares (“B Ordinary shares B ordinary shares (“B Ord”) (“Ord”) Ord”) B ordinary shares (“B Ord”) For Against Ordinary Resolution 100% Ord 0% Ord 354 676 424 67.21% Ord 0.05% Ord Number 1 - Approval 100% B Ord 0% B Ord Ordinary shares 100% B Ord 0% B Ord of annual financial 39 056 987 statements B ordinary shares Ordinary Resolution 77.87% Ord 22.13% Ord 355 494 043 67.36% Ord 0.05% Ord Number 2 - 100% B Ord 0% B Ord Ordinary shares 100% B Ord 0% B Ord Reappointment of 39 056 987 auditor B ordinary shares Ordinary Resolution 354 779 964 Number 3 - Election 97.81% Ord 2.19% Ord Ordinary shares 67.23% Ord 0.18% Ord of director, 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord Mr W E Bührmann B ordinary shares Ordinary Resolution 355 495 933 Number 4 - Election 95.31% Ord 4.69% Ord Ordinary shares 67.36% Ord 0.05% Ord of director, 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord Mr G T Ferreira B ordinary shares Ordinary Resolution 355 494 083 Number 5 - Election 99.32% Ord 0.68% Ord Ordinary shares 67.36% Ord 0.05% Ord of director, 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord Mr N P Mageza B ordinary shares Ordinary Resolution 355 495 933 Number 6 - Election 99.52% Ord 0.48% Ord Ordinary shares 67.36% Ord 0.05% Ord of director, 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord Mr P J Moleketi B ordinary shares Ordinary Resolution 355 493 423 Number 7 - Election 72.39% Ord 27.61% Ord Ordinary shares 67.36% Ord 0.05% Ord of director, 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord Mr F Robertson B ordinary shares Ordinary Resolution 355 378 630 Number 8 97.92% Ord 2.08% Ord Ordinary shares 67.34% Ord 0.07% Ord - Election of 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord director, B ordinary shares Mrs M Lubbe Ordinary Resolution 355 492 433 Number 9 - 98.97% Ord 1.03% Ord Ordinary shares 67.36% Ord 0.05% Ord Appointment of member of the Audit 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord and Risk Committee, B ordinary shares Mr N P Mageza Ordinary Resolution 354 660 089 Number 10 - 99.54% Ord 0.46% Ord Ordinary shares 67.20% Ord 0.05% Ord Appointment of member of the Audit 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord and Risk Committee, B ordinary shares Mr P J Moleketi Ordinary Resolution 355 132 310 Number 11 - 77.64% Ord 22.36% Ord Ordinary shares 67.29% Ord 0.11% Ord Appointment of member of the Audit 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord and Risk Committee, B ordinary shares Mr F Robertson Ordinary Resolution Number 12 - 355 483 083 Appointment of 99.08% Ord 0.92% Ord Ordinary shares 67.36% Ord 0.05% Ord member of the Audit and Risk Committee, 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord Ms S E N De Bruyn B ordinary shares Sebotsa Ordinary Resolution 355 451 465 Number 13 – General 90.70% Ord 9.30% Ord Ordinary shares 67.35% Ord 0.06% Ord authority to place ordinary shares 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord under the control of B ordinary shares the directors Ordinary Resolution 355 474 879 Number 14 – Non- 60.32% Ord 39.68% Ord Ordinary shares 67.36% Ord 0.05% Ord binding advisory 100% B Ord 0% B Ord 100% B Ord 0% B Ord vote on Remuneration 39 056 987 Policy B ordinary shares Ordinary Resolution Number 15 – Non- 355 476 729 binding advisory 60.21% Ord 39.79% Ord Ordinary shares 67.36% Ord 0.05% Ord vote on Remuneration 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord Implementation B ordinary shares Report Special Resolution 355 484 389 Number 1 - Approval 98.40% Ord 1.60% Ord Ordinary shares 67.36% Ord 0.05% Ord of directors’ 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord remuneration B ordinary shares Special Resolution 354 958 898 Number 2 - General 99.40% Ord 0.60% Ord Ordinary shares 67.26% Ord 0.15% Ord authority to 0% B Ord 0% B Ord 39 056 987 0% B Ord 100% B Ord repurchase shares B ordinary shares Special Resolution 355 492 152 Number 3 - General 99.86% Ord 0.14% Ord Ordinary shares 67.36% Ord 0.05% Ord authority to provide 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord financial assistance B ordinary shares for the subscription and/or purchase of securities in the Company or in related or inter- related companies Special Resolution Number 4 - General 355 494 300 authority to provide 98.43% Ord 1.57% Ord Ordinary shares 67.36% Ord 0.05% Ord financial assistance 100% B Ord 0% B Ord 39 056 987 100% B Ord 0% B Ord to related and B ordinary shares inter-related companies and corporations *Total issued share capital is 529 217 007 ordinary shares with total voteable shares, excluding Treasury shares, being 527 747 601 ordinary shares and 39 056 987 B ordinary shares. Shareholders are further advised that due to ordinary resolutions number 14 and 15 relating to the non-binding advisory votes on the remuneration policy and the implementation of the remuneration policy being voted against by more than 25% of Remgro ordinary shareholders present in person or represented by proxy at the AGM, an invitation will be extended to such dissenting shareholders to engage with the Company. The manner and timing of such engagement has not yet been finalised and Remgro will issue a further announcement shortly including such details. Stellenbosch 30 November 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 30/11/2017 04:16:00 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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