Results of Annual General Meeting ("AGM") LABAT AFRICA LIMITED (Incorporated in the Republic of South Africa) (Registration number 1986/001616/06) (“Labat” or “the Company”) ISIN Code: ZAE 000018354 Share code: LAB RESULTS OF ANNUAL GENERAL MEETING (“AGM”) Further to the announcement released on SENS on 12 December 2017, shareholders are advised that at the AGM of Labat held on 15 May 2018, convened in terms of the notice of AGM contained in the Annual Report, the voting information is as follows: Number of ordinary shares represented at the meeting 109 098 910 Total issued number of ordinary shares 262 088 922 Percentage of ordinary shares represented at the meeting 41.63% The resolutions proposed at the annual general meeting, together with the percentage of votes carried for and against each resolution, are set out below: Number of votes Abstain Total Votes For Against (% of issued (excluding % % share capital) abstentions) Ordinary Resolution Number 1 – 108 988 910 50 000 60 000 109 038 910 Approval of Financial Statements (99.95%) (0.05%) (0.05%) (100.00%) Ordinary Resolution Number 2 – 108 986 910 52 000 60 000 109 038 910 Director appointment - Mr R Mohamed (99.95%) (0.05%) (0.05%) (100.00%) Ordinary Resolution Number 3 – 108 986 910 52 000 60 000 109 038 910 Director appointment – Ms. BA Penny (99.95%) (0.05%) (0.05%) (100.00%) Ordinary Resolution Number 4 – 108 986 910 52 000 60 000 109 038 910 Director retirement and re-election – Ms. (99.95%) (0.05%) (0.05%) (100.00%) RM Majiedt Ordinary Resolution Number 5 – 108 907 104 131 806 60 000 109 038 910 Re-appointment and remuneration of (99.88%) (0.12%) (0.05%) (100.00%) auditors Ordinary Resolution Number 6 – 108 986 910 52 000 60 000 109 038 910 Appointment of Audit Committee (99.95%) (0.05%) (0.05%) (100.00%) member – Mr R Mohamed Ordinary Resolution Number 7 – 108 986 910 52 000 60 000 109 038 910 Appointment of Audit Committee (99.95%) (0.05%) (0.05%) (100.00%) member – Ms BA Penny Ordinary resolution Number 8 - 108 986 910 52 000 60 000 109 038 910 Re-appointment of Audit Committee (99.95%) (0.05%) (0.05%) (100.00%) member – Ms RM Majiedt Ordinary Resolution Number 9 – 108 907 104 131 806 60 000 109 038 910 Endorsement of Labat’s Remuneration (99.88%) (0.12%) (0.05%) (100.00%) Policy Ordinary Resolution Number 10 – 108 907 104 131 806 60 000 109 038 910 Endorsement of the implementation of (99.88%) (0.12%) (0.05%) (100.00%) Labat’s Remuneration Policy Ordinary Resolution Number 11 – 108 588 910 450 000 60 000 109 038 910 General authority to allot and issue (99.59%) (0.41%) (0.05%) (100.00%) shares for cash Special resolution number 1 – Authority to 108 507 104 131 806 460 000 108 638 910 issue shares that may exceed 30% of the (99.88%) (0.12%) (0.42%) (100.00%) voting power of the current issued share capital Special resolution Number 2 – Non- 108 986 910 52 000 60 000 109 038 910 Executive Director’s Remuneration (99.95%) (0.05%) (0.05%) (100.00%) Special Resolution Number 3 – Approval 108 986 910 52 000 60 000 109 038 910 of Once-off payment to Non-Executive (99.95%) (0.05%) (0.05%) (100.00%) Directors Special resolution Number 4 – General 108 588 910 50 000 460 000 108 638 910 authority to enter into funding (99.95%) (0.05%) (0.05%) (100.00%) agreements, provide loans or other financial assistance Special resolution Number 5 – General 108 988 910 50 000 60 000 109 038 910 authority to repurchase the Company’s (99.95%) (0.05%) (0.05%) (100.00%) securities By order of the board. Johannesburg 17 May 2018 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 17/05/2018 09:28:00 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.