Results of General Meeting Convened to Consider the Scheme of Arrangement CULLINAN HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1902/002808/06) Share Code: CUL ISIN: ZAE000013710 Share Code: CULP ISIN: ZAE000001947 ("the company") RESULTS OF GENERAL MEETING CONVENED TO CONSIDER THE SCHEME OF ARRANGEMENT ("THE SCHEME MEETING") Shareholders are advised that all the resolutions contained in the notice convening the Scheme Meeting were approved by the requisite majorities of shareholders present in person or represented by proxy at the Scheme Meeting of the company held on Friday, 9 February 2018. Details of the resolutions and the voting are contained in the table below. The issued share capital of the company is 810 608 385 ordinary shares, of which 22 261 971 were entitled to vote at the Scheme Meeting. Total number of votes cast: (% of share Votes in Votes Abstentions: capital favour: against : (% of issued entitled (% of total (% of total share Resolution proposed to vote) votes cast) votes cast) capital) Special resolution 1: 10 173 881 10 124 881 49 190 To approve the Scheme (45,7%) (99,52%) (0,48%) – Ordinary resolution 1: To authorise any director or the company secretary to sign documentation to give effect to implementation of the Scheme and the 10 173 881 10 124 881 49 190 de-listing of the company (45,7%) (99,52%) (0,48%) – Shareholders should note that the implementation of the Scheme remains conditional upon the fulfilment of certain conditions precedent as detailed in the Circular. A further announcement will be released once the remaining conditions precedent have been fulfilled. By order of the board Johannesburg 9 February 2018 Sponsor Auditors Attorneys ARBOR Mazars Fluxmans CAPITAL ATTORNEYS Date: 09/02/2018 03:35:00 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.