BLUE LABEL TELECOMS LIMITED - Report on Annual General Meeting Proceedings

Report on Annual General Meeting Proceedings

Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
JSE Share code: BLU
ISIN: ZAE000109088
(“Blue Label” or “the Company”)


REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS

Blue Label shareholders are advised that at the Annual General Meeting (“AGM”) of members held on Monday,
22 January 2018, all the ordinary and special resolutions as proposed in the Notice of the AGM were approved by the
requisite majority of members. In this regard, Blue Label confirms the voting results at the AGM as follows:

                                                                                  %              Number
 Total number of shares that could be voted at meeting                            100            868,740,883
 Total number of shares present/represented including proxies at meeting          84             727,668,319
 Total number of members present                                                                 34


                                           Votes in       %         Votes         %      Abstentions    %
                                           Favour                   Against
 Ordinary Resolution Number 1              712,669,591    97.97     14,738,216    2.03   260,512        0.03
 Re-election of Director
 KM Ellerine

 Ordinary Resolution Number 2              725,352,179    99.72     2,055,628     0.28   260,512        0.03
 Re-election of Director
 MS Levy

 Ordinary Resolution Number 3              724,229,166    99.56     3,177,641     0.44   261,512        0.03
 Re-election of Director
 DA Suntup

 Ordinary Resolution Number 4              711,481,264    97.81     15,926,543    2.19   260,512        0.03
 Re-appointment of external Auditors

 Ordinary Resolution Number 5              718,141,888    98.73       9,263,919   1.27   262,512        0.03
 Appointment of Member and Chairman
 of the Audit, Risk and Compliance
 Committee
 JS Mthimunye

 Ordinary Resolution Number 6              718,141,888    98.73     9,263,919     1.27   262,512        0.03
 Appointment of Member of the Audit,
 Risk and Compliance Committee
 GD Harlow

 Ordinary Resolution Number 7              725,411,616    99.73     1,994,191     0.27   262,512        0.03
 Appointment of Member of the Audit,
 Risk and Compliance Committee
 SJ Vilakazi

 Ordinary Resolution Number 8              722,228,023    99.29     5,177,909     0.71   262,387        0.03
 Appointment of Member of the Audit,
 Risk and Compliance Committee
 P Mahanyele

 Ordinary Resolution Number 9              725,498,205    99.74     1,906,627     0.26   263,487        0.03
 Directors authority to implement
 ordinary and special resolutions


 Non-binding advisory vote                 700,621,228    96.32     26,739,479    3.68  307,612         0.04
 Endorsement of Blue Label’s
 Remuneration and Reward Policy

 Special Resolution Number 1                689,786,159   94.83   37,576,806   5.17     305,354         0.03
 Remuneration of Non-executive
 Directors

 Special Resolution Number 2                718,522,434   98.78   8,880,031    1.22     265,854         0.03
 General Authority to Repurchase Shares

 Special Resolution Number 3                 727,349,710    100     12,755      0.00    305,854         0.03
 Conversion of ordinary shares from par  
 value to no par value

 Special Resolution Number 4                 576,506,361   79.26   150,896,729  20.74   265,229         0.03
 Increase in authorised share capital

 Special Resolution Number 5                 727,384,622    100     18,568       0.00    265,129        0.03
 Issues of securities

 Special Resolution Number 6                 727,390,622    100     11,968       0.00     265,729       0.03
 Fractional entitlements



Sandton
22 January 2018

Sponsor
Investec Bank Limited

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