Results of the Annual General Meeting DENEB INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/091290/06) Share code: DNB ISIN: ZAE000197398 (“Deneb” or the “Company”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that at the annual general meeting of the Company held at 09:00 today, Monday, 22 October 2018 at the offices of Hosken Consolidated Investments, Suite 801, 76 Regent Road, Sea Point (“AGM”), all of the resolutions were passed by the requisite majority of the Company’s shareholders. Votes for Votes against Number of resolution as resolution as Number of shares a percentage a percentage Number of shares voted at abstained as a Resolutions proposed at the AGM of total of total shares voted AGM as a percentage of number of number of at AGM percentage of shares in shares voted shares voted shares in issue issue at AGM at AGM Ordinary resolution number 1: Retirement and re-election of directors 1.1 Mr MH Ahmed 100.0% - 367 453 019 85.14% 0.01% 1.2 Mr JA Copelyn 100.0% - 367 453 019 85.14% 0.01% Ordinary resolution number 2: Re-appointment of auditor: 100.0% - 367 453 019 85.14% 0.01% PricewaterhouseCoopers Inc Ordinary resolution number 3: Re-appointment of audit committee: 3.1 Mr MH Ahmed 100.0% - 367 453 019 85.14% 0.01% 3.2 Ms NB Jappie 100.0% - 367 453 019 85.14% 0.01% 3.3 Ms RD Watson 100.0% - 367 453 019 85.14% 0.01% Ordinary resolution number 4: General authority over authorised 98.83% 1.17% 367 453 019 85.14% 0.01% but unissued shares Ordinary resolution number 5: Directors’ authority to implement 100.0% - 367 453 019 85.14% 0.01% Company resolutions Non-binding advisory vote 1: Non- binding advisory endorsement of 99.84% 0.16% 367 453 019 85.14% 0.01% remuneration policy Non-binding advisory vote 2: Non- binding advisory endorsement of 99.84% 0.16% 367 453 019 85.14% 0.01% remuneration implementation report Special resolution number 1: General authority to issue shares, options and convertible securities for 98.83% 1.17% 367 453 019 85.14% 0.01% cash Special resolution number 2: Approval of annual fees to be paid to 100.0% - 367 453 019 85.14% 0.01% non-executive directors Special resolution number 3: General authority to repurchase 100.0% - 367 453 019 85.14% 0.01% Company shares Special resolution number 4: General authorisation of financial 100.0% - 367 453 019 85.14% 0.01% assistance Note: Total number of shares in issue as at the date of the AGM was 431,578,595. Cape Town 22 October 2018 Sponsor PSG Capital Date: 22/10/2018 02:30:00 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.