Results of Annual General Meeting SPANJAARD LIMITED (Incorporated in the Republic of South Africa) (Registration number 1960/004393/06) Share Code: SPA ISIN: ZAE000006938 (“the company”) RESULTS OF ANNUAL GENERAL MEETING (“the AGM”) Shareholders are advised that all the resolutions proposed at the AGM of the company held on Friday, 17 August 2018 were passed by the requisite majorities of shareholders. Details of the resolutions and the voting are contained in the table below. The issued share capital of the company is 8 142 850 ordinary shares. Resolution proposed Total Number of Number of Number of number of votes in votes abstentions: votes cast: favour: (% of against: (% of issued number (% total votes (% of total share of issued cast) votes capital) share cast) capital) Ordinary resolution number 1: 6 049 030 6 049 030 0 0 Approval of annual financial (74.29%) (100%) (0%) (0%) statements Ordinary resolution number 2: 6 049 030 6 049 030 0 0 Approval of directors’ remuneration (74.29%) (100%) (0%) (0%) Ordinary resolution number 3: 6 049 030 6 049 030 0 0 Re-election of Mrs. S Hari as a non- (74.29%) (100%) (0%) (0%) executive director Ordinary resolution number 4: 6 049 030 5 978 036 70 994 0 Appointment and remuneration of (74.29%) (98.83%) (0.87%) (0%) auditors Ordinary resolution umber 5: 6 049 030 5 978 036 70 994 0 Placing authorised but unissued (74.29%) (98.83%) (0.87%) (0%) share capital under the control of the directors Ordinary resolution number 6: Appointment of members of the audit committee 6.1 To appoint Mrs. S Hari as a 6 049 030 5 978 036 70 994 0 member and chairman of the audit (74.29%) (98.83%) (0.87%) (0%) committee 6.2 To appoint Mr. BL Montgomery 6 049 030 5 978 036 70 994 0 as a member of the audit committee (74.29%) (98.83%) (0.87%) (0%) 6.3 To appoint Prof. DP van der Nest 6 049 030 6 049 030 0 0 as a member of the audit committee (74.29%) (98.83%) (0%) (0%) 7. To authorise any person 6 049 030 6 049 030 0 0 authorised by Levitt Kirson Business (74.29%) (100%) (0%) (0%) Services to continue in office as company secretary 8. To confirm in terms of section 6 049 030 6 049 030 0 0 75(5) of the Act that the directors (74.29%) (100%) (0%) (0%) have no interests to declare in contracts 9. To transact such other business 6 049 030 5 978 036 70 994 0 as may be transacted at an annual (74.29%) (98.83%) (0.87%) (0%) general meeting Non-binding advisory vote – 6 049 030 6 049 030 0 0 remuneration policy (74.29%) (100%) (0%) (0%) Special resolution number 1: 6 049 030 6 049 030 0 0 Financial assistance to related or (74.29%) (100%) (0%) (0%) inter-related entities to the company Special resolution number 2: 6 049 030 6 049 030 0 0 Financial assistance for the (74.29%) (100%) (0%) (0%) subscription for or purchase of securities by related or inter-related entities to the company Special resolution number 3: 6 049 030 6 049 030 0 0 Approval of the remuneration of non- (74.29%) (100%) (0%) (0%) executive directors for services as directors for the following year Special resolution number 4 6 049 030 6 049 030 0 0 Approval of the actions of directors (74.29%) (100%) (0%) (0%) By order of the board Johannesburg 17 August 2018 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 17/08/2018 04:19:00 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.