Results of annual general meeting and changes to the board Acsion Limited Incorporated in the Republic of South Africa (Registration number 2014/182931/06) Share code: ACS ISIN: ZAE000198289 (“Acsion”) RESULTS OF ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD Results of annual general meeting Shareholders are advised that the voting results for the annual general meeting (“AGM”) of Acsion held at the Acsion offices on Tuesday, 31 July 2018 were as follows: Resolution Number of Percentage For** Against** Abstained*** ordinary of ordinary % % % shares shares in voted issue* % Ordinary Resolution 1 : 301 803 790 76.41 100.00 0.00 0.00 Adoption of the annual financial statements Ordinary Resolution 2 : 301 803 790 76.41 100.00 0.00 0.00 Adoption of the audit and risk committee report Ordinary Resolution 3 : 301 803 790 76.41 100.00 0.00 0.00 Adoption of the remuneration committee report Ordinary Resolution 4 : 301 803 790 76.41 100.00 0.00 0.00 Adoption of social and ethics committee report Ordinary Resolution 5.1 : 301 803 790 76.41 100.00 0.00 0.00 Confirmation of D Green as director Ordinary Resolution 5.2 : 301 803 790 76.41 100.00 0.00 0.00 Confirmation of N Bila as director Ordinary Resolution 5.3 : 301 803 790 76.41 100.00 0.00 0.00 Confirmation of T Jali as director Ordinary Resolution 5.4 : 301 803 790 76.41 100.00 0.00 0.00 Confirmation of D Sekete as director Ordinary Resolution 6.1 : 301 803 790 76.41 100.00 0.00 0.00 Re-appointment of N Bila as a member of the audit and risk committee Ordinary Resolution 6.2 : 301 803 790 76.41 100.00 0.00 0.00 Re-appointment of D Green as a member of the audit and risk committee Ordinary Resolution 7 : 301 803 790 76.41 100.00 0.00 0.00 Appointment of auditor Ordinary Resolution 8 : 301 803 790 76.41 0.68 99.32 0.00 Authority to issue shares pursuant to a reinvestment of dividends Ordinary Resolution 9 : 301 803 790 76.41 100.00 0.00 0.00 Signature of documents Ordinary Resolution 10 : 301 803 790 76.41 100.00 0.00 0.00 General authority to issue shares for cash Advisory Vote 1 : 301 803 790 76.41 99.88 0.12 0.00 Advisory endorsement of remuneration policy Advisory Vote 2 : 301 803 790 76.41 99.88 0.12 0.00 Advisory endorsement of remuneration policy implementation Special Resolution 1 : 301 803 790 76.41 100.00 0.00 0.00 Approval of 2019 fees payable to non-executive directors Special Resolution 2 : 301 803 790 76.41 99.88 0.12 0.00 Share repurchase Special Resolution 3 : 301 803 790 76.41 100.00 0.00 0.00 Financial assistance to related and inter-related parties Special Resolution 4 : 301 803 790 76.41 0.68 99.32 0.00 Authority to issue shares to directors who elect dividend reinvestment options * Based on 394 959 976 shares in issue at the date of the AGM. ** In relation to the total number of shares voted at the AGM. *** In relation to the total number of shares in issue at the date of the AGM. Based on the above voting results, all resolutions were passed by the requisite majority of Acsion shareholders present in person or represented by proxy at the AGM, except for: - Ordinary resolution number 8 relating to the authority to issue shares pursuant to a reinvestment of dividends; and - Special resolution number 4 relating to the authority to issue shares to directors who elect dividend reinvestment options. Changes to the board In compliance with paragraph 3.59(b) of the JSE Limited Listings Requirements, shareholders are advised that Mrs S Griesel has retired as independent non-executive director from the board of Acsion, with effect from 31 July 2018. 31 July 2018 Sponsor Nedbank Corporate and Investment Banking Date: 31/07/2018 01:00:00 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.