Results of the general meeting and dates relating to the odd-lot offer and specific repurchase ELB GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 1930/002553/06) ISIN: ZAE000035101 JSE Code: ELR (“ELB” or “the Company”) RESULTS OF THE GENERAL MEETING AND DATES RELATING TO THE ODD-LOT OFFER AND SPECIFIC REPURCHASE Results of the general meeting: Shareholders are advised that at the general meeting of ELB shareholders held today, 13 March 2018, the special and ordinary resolutions proposed thereat, were approved by the requisite majority of votes. The total number of ELB ordinary shares in issue is 32 518 579 shares of which 22 073 543 shares, representing 68%, were voted at the general meeting. Resolutions: Votes for Votes Abstained No. of shares % (1) No. of shares %(2)* Ordinary resolution number 1: - Authority 22 073 000 100 543 0.00 to make and implement an Odd-lot Offer Special resolution number 1: - Specific 22 072 759 100 784 0.00 authority to repurchase shares in terms of a Specific Offer Ordinary resolution number 2:- Directors’ 22 073 000 100 543 0.00 authority Notes: 1. As a percentage of shares voted. 2. As a percentage of total ordinary shares in issue. Less than 0.01%. 3. No shares were voted against the resolutions. Dates relative to the odd-lot offer and the specific repurchase: Shareholders are referred to the declaration announcement, dated 12 February 2018, in which shareholders were advised that the directors of ELB had resolved to make an odd-lot offer and a specific offer (“the Offers”) to qualifying shareholders to repurchase their shares with the intention of reducing the ongoing administration costs associated with having a large number of minority shareholders, and are reminded of the following salient dates: 2018 Offers open at 09:00 on Wednesday, 14 March Finalisation announcement (containing the Offer prices) released on SENS Friday, 23 March Finalisation announcement published in the press Monday, 26 March Last day to trade in order to participate in the Offers Tuesday, 3 April Shares trade ex the Offers Wednesday, 4 April Forms of election and surrender to be received by the Transfer Secretaries by Friday, 6 April 12:00 Offers record date (Offers close at 12:00) Friday, 6 April Results of the Offers released on SENS Monday, 9 April Payment date in respect of certificated shareholders who accepted either of Monday, 9 April the Offers Accounts at CSDP or broker updated in respect of dematerialised shareholders Monday, 9 April Results of the Offers released in the press Tuesday, 10 April Cancellation and termination of listing of the offer shares on Thursday,12 April Johannesburg 13 March 2018 Corporate Adviser and Sponsor Questco Corporate Advisory Proprietary Limited Date: 13/03/2018 04:35:00 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.