Results of Annual General Meeting ("AGM") GLOBAL ASSET MANAGEMENT LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2002/003192/06) Share Code: GAM ISIN: ZAE000173498 ("Global" or “the Company”) RESULTS OF ANNUAL GENERAL MEETING (“AGM”) Shareholders are advised that the Company’s AGM was held on Wednesday, 11 July 2018 and all resolutions proposed at the AGM were passed by the requisite majority with the exception of special resolution number 5. Details of the results of voting were as follows: Total number of shares in issue at the date of the AGM: 74 750 627 Total number of shares represented at the AGM: 67 068 956 Total percentage of shares represented at the AGM: 89.72% The resolutions proposed at the AGM, together with the percentage of votes carried for and against each resolution, are set out below: For Against: Abstain Resolution proposed % % % Ordinary Resolution Number 1 – 67 068 956 - - Adoption of annual financial statements 100% 0% 0% Ordinary Resolution Number 2 – Director appointment – 67 068 956 - - NB Matyolo 100% 0% 0% Ordinary Resolution Number 3 – Director appointment – 67 068 956 - - MJ Reyneke 100% 0% 0% Ordinary Resolution Number 4 – Director appointment – 67 068 956 - - CJP Cilliers 100% 0% 0% Ordinary Resolution Number 5 – Director retirement and re-election – 67 068 956 - - GK Cunliffe 100% 0% 0% Ordinary Resolution Number 6 - Auditors’ re-appointment and remuneration 67 068 956 - - – Howarth Leveton Boner 100% 0% 0% Ordinary Resolution Number 7 - Re-appointment of Audit and Risk 67 068 956 - - Committee member – GT Magomola 100% 0% 0% Ordinary Resolution Number 8 – Re-appointment of Audit and Risk 67 068 956 - - Committee member – GK Cunliffe 100% 0% 0% Ordinary Resolution Number 9 – Re-appointment of Audit and Risk 67 068 956 - - Committee member – AJ Naidoo 100% 0% 0% Ordinary Resolution Number 10 – Appointment of Audit and Risk Committee 67 068 956 - - member – MJ Reyneke 100% 0% 0% Ordinary Resolution Number 11 – Endorsement of Global’s Remuneration 67 068 956 - - Policy 100% 0% 0% Ordinary Resolution Number 12 – Endorsement of the implementation of 67 068 956 - - Global’s Remuneration Policy 100% 0% 0% Special Resolution Number 1 – General authority to allot and issue shares 67 068 956 - - for cash 100% 0% 0% Special Resolution Number 2 – Authority to issue shares, securities convertible into shares or rights that may 67 068 956 - - exceed 30% of the voting power of the 100% 0% 0% current issued share capital Special Resolution Number 3 – 67 068 956 - - Non-Executive Directors’ remuneration 100% 0% 0% Special Resolution Number 4 – General authority to enter into funding 67 068 956 - - agreements, provide loans or other 100% 0% 0% financial assistance Special Resolution Number 5 – General authority to acquire (repurchase) 35 712 733 31 356 223 - shares 53.25% 46.75% 0% By order of the board Johannesburg 12 July 2018 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 12/07/2018 12:25:00 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.