Results of Annual General Meeting Insimbi Refractory and Alloy Supplies Limited (Incorporated in the Republic of South Africa) (Registration number: 2002/029821/06) Share code: ISB ISIN: ZAE000116828 (“Insimbi” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Insimbi ordinary shareholders are advised that at the annual general meeting (“AGM”) of shareholders held at Stand 359 Crocker Road, Wadeville, Extension 4, Germiston on Tuesday, 3 July 2018 at 10h00, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy. The number of ordinary Insimbi shares voted in person or by proxy was 246 525 773 representing 60% of the total ordinary issued share capital of the same class of Insimbi ordinary shares. All resolutions proposed at the AGM, together with the percentage of shares abstained (as a percentage of total issued share capital of the Company), shares voted (as a percentage of total issued share capital of the Company) as well as the percentage of votes carried for and against each resolution (as a percentage of shares voted), are as follows: Ordinary resolution number 1 – Adoption of Annual Financial Statements FOR AGAINST ABSTAIN 99.99% 0.01% 0.01% Ordinary resolution number 2 – Confirmation and re-election of directors: Confirmation of re- appointment of Mrs IP Mogotlane FOR AGAINST ABSTAIN 88.10% 11.90% 0.01% Ordinary resolution number 3 – Confirmation and re-election of directors: Confirmation of appointment of Mr A de Wet FOR AGAINST ABSTAIN 100% 0.00% 0.01% Ordinary resolution number 4 – Appointment of Audit and Risk Committee: Appointment of Mr RI Dickerson as member of the Audit committee FOR AGAINST ABSTAIN 99.88% 0.12% 0.01% Ordinary resolution number 5 – Appointment of Audit and Risk Committee: Appointment of Ms IP Mogotlane as member of the Audit committee FOR AGAINST ABSTAIN 88.10% 11.90% 0.01% Ordinary resolution number 6 – Appointment of Audit and Risk Committee: Appointment of Ms C Ntshingila as member of the Audit committee FOR AGAINST ABSTAIN 99.95% 0.05% 0.01% Ordinary resolution number 7 – Appointment of PricewaterhouseCoopers as external Auditors with JP van Staden as designated auditor FOR AGAINST ABSTAIN 99.99% 0.01% 0.01% Ordinary resolution number 8 – Indemnification of directors FOR AGAINST ABSTAIN 99.84% 0.16% 0.01% Ordinary resolution number 9 – General authority to issue shares/convertible shares or options for cash FOR AGAINST ABSTAIN 99.88% 0.12% 0.01% Non-binding advisory vote 1 – Remuneration Policy FOR AGAINST ABSTAIN 99.84% 0.16% 0.02% Non-binding advisory vote 2 – Implementation Report FOR AGAINST ABSTAIN 99.84% 0.16% 0.02% Special resolution number 1 – Approval of Non-executive directors’ fees FOR AGAINST ABSTAIN 99.98% 0.02% 0.03% Special resolution number 2 – Name Change FOR AGAINST ABSTAIN 100% 0% 0.01% Special resolution number 3 – Amendments to the Memorandum of Incorporation FOR AGAINST ABSTAIN 99.88% 0.12% 0.01% Special resolution number 4 – General authority to re-purchase company shares FOR AGAINST ABSTAIN 99.88% 0.12% 0.03% Special resolution number 5 – Authorisation for loans or financial assistance to subsidiaries and related or inter-related companies FOR AGAINST ABSTAIN 99.87% 0.13% 0.03% INSIMBI INDUSTRIAL HOLDINGS LIMITED To encompass the diversification and multi-dimensional growth path of Insimbi the company will officially be named Insimbi Industrial Holdings Limited. Trading under the new name will commence on Wednesday, 11 July 2018. Johannesburg 3 July 2017 Sponsor: Bridge Capital Advisors Proprietary Limited Date: 03/07/2018 03:50:00 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.