Results of Annual General Meeting ADRENNA PROPERTY GROUP LIMITED (Registration Number 1998/012245/06) Share Code: ANA ISIN: ZAE000163580 “Adrenna” or “the Group” RESULTS OF ANNUAL GENERAL MEETING (“AGM”) Shareholders are advised that at the Annual General Meeting of shareholders held on Thursday, 12 July 2018, all the resolutions proposed at the AGM were passed by the requisite majority. Details of the results of voting were as follows: Total number of shares that can be exercised at the meeting 100% 55,914,804 Total number of shares present/represented including proxies at the meeting 62% 34,443,911 Total number of members present in person or by proxy 7 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 Shares Resolution proposed % % % voted Ordinary Resolution No 1: To adopt the financial statements 34 443 911 - - 34 443 911 100.00% 0.00% 0.00% 61.60% Ordinary Resolution No 2: Resolution to sanction the declaration of 34 443 911 - - 34 443 911 no dividends 100.00% 0.00% 0.00% 61.60% Ordinary Resolution No 3: Resolution to re-elect Ms S P Mothelesi as a 34 443 911 - - 34 443 911 director of the company 100.00% 0.00% 0.00% 61.60% Ordinary Resolution No 5: Resolution to re-elect Mr WP Alcock as 34 443 911 - - 34 443 911 chairman of the company for a further 100.00% 0.00% 0.00% 61.60% period of one year Ordinary Resolution No 6: Resolution to re-appoint the Audit Committee for a further period of one year 6.1 Appointment of SP Mothelesi 34 443 911 - - 34 443 911 100.00% 0.00% 0.00% 61.60% 6.2 Appointment of WP Alcock 34 443 911 - - 34 443 911 100.00% 0.00% 0.00% 61.60% 6.3 Appointment of M Moela 34 443 911 - - 34 443 911 100.00% 0.00% 0.00% 61.60% 6.4 Appointment of RS Watson 34 443 911 - - 34 443 911 100.00% 0.00% 0.00% 61.60% For Against Abstain Shares Resolution proposed % % % voted Ordinary Resolution No 7: Resolution to appoint the auditors of the 34 443 911 - - 34 443 911 company for a further period of one year 100.00% 0.00% 0.00% 61.60% Ordinary Resolution No 8: Resolution to authorise the directors, in 34 443 911 - - 34 443 911 consultation with the Audit Committee to 100.00% 0.00% 0.00% 61.60% fix the auditors’ remuneration Ordinary Resolution 9 – Non-Binding 9.1 Authorisation of Remuneration Policy 32 583 306 1 860 605 - 34 443 911 94.60% 5.40% 0.00% 61.60% 9.2 Approval of Implementation of 32 583 306 1 860 605 - 34 443 911 Remuneration Policy 94.60% 5.40% 0.00% 61.60% Ordinary Resolution No 10: Resolution placing the unissued shares 32 583 306 1 860 605 - 34 443 911 under the control of the directors 94.60% 5.40% 0.00% 61.60% Ordinary Resolution No 11: Resolution authorising the issue of shares 32 477 256 1 966 655 - 34 443 911 for cash 94.29% 5.71% 0.00% 64.60% Special Resolution No 1: To determine the remuneration of the 34 443 911 - - 34 443 911 non-executive directors 100.00% 0.00% 0.00% 61.60% Special Resolution No 2: Permitting the company to repurchase 34 443 911 - - 34 443 911 shares 100.00% 0.00% 0.00% 61.60% Special Resolution No 3: Authorising the granting of loans/other 34 443 911 - - 34 443 911 financial assistance to subsidiaries/group 100.00% 0.00% 0.00% 61.60% companies Shareholders are advised that Ordinary Resolution No 4 was withdrawn. Johannesburg 12 July 2018 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 12/07/2018 04:37:00 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.