Results of Annual General Meeting ("AGM") BOWLER METCALF LIMITED (Registration number 1972/005921/06) Share code: BCF ISIN number: ZAE000030797 (“Bowler Metcalf” or “the company”) RESULTS OF ANNUAL GENERAL MEETING (“AGM”) The board of directors is pleased to announce the results of the AGM held today, Wednesday 7 November 2018. Total number of issued ordinary shares: 87 624 108 Number of ordinary shares represented at the meeting: 56 931 604 Number of ordinary shares eligible to vote (excluding 5 629 003 treasury shares): 51 302 601 Percentage of total ordinary shares represented at the meeting: 65.0% The resolutions proposed at the general meeting, together with the percentage of votes carried for and against each resolution, are set out below: Resolution For Against Abstain Total voted Ordinary resolution No 1: Approval of annual financial statements 51 294 671 0 7 930 51 294 671 100% 0% 0.02% Ordinary resolution No 2: Endorsement of remuneration policy 36 209 125 8 527 334 6 566 142 44 736 459 80.94% 19.06% 12.80% Ordinary resolution No 3: Endorsement of the implementation 40 227 378 8 527 334 2 547 889 48 754 712 report of the remuneration policy 82.51% 17.49% 5.0% Ordinary resolution No 4: Re-Election of director – Michael Brain 47 587 122 3 707 549 7 930 51 294 671 92.77% 7.23% 0.02% Ordinary resolution No 5: Re-Election of director – Sarah Gillet 51 293 271 1 400 7 930 51 294 671 100.00% 0% 0.02% Ordinary resolution No 6: Re-Election of director – Brian Frost 47 587 122 3 707 549 7 930 51 294 671 92.77% 7.23% 0.02% Ordinary resolution No 7 : Director’s authority to negotiate and 51 293 271 1 400 7 930 51 294 671 sign. 100.00% 0% 0.02% Ordinary resolution No 8: Reappointment of auditors 43 568 869 7 725 802 7 930 51 294 671 84.94% 15.06% 0.02% Ordinary resolution No 9.1: Re-Election of Audit and Risk Committee 51 294 671 0 7 930 51 294 671 member – Craig MacGillivray 100.00 0% 0.02% Ordinary resolution No 9.2: Re-Election of Audit and Risk Committee 47 587 122 3 707 549 7 930 51 294 671 member – Brian Frost 92.77% 7.23% 0.02% Ordinary resolution No 9.3: Re-Election of Audit and Risk Committee 51 293 271 1 400 7 930 51 294 671 member - Sarah Gillett 100.00% 0% 0.02% Special resolution No 1: General authority to repurchase shares 51 293 271 1 400 7 930 51 294 671 100.00% 0% 0.02% Special resolution No 2: Provision of financial assistance 51 290 571 4 100 7 930 51 294 671 99,99% 0.01% 0.02% Special resolution No 3: Non-executive directors fees 43 930 527 7 364 144 7 930 51 294 671 85.64% 14.36% 0.02% Cape Town 7 November 2018 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 07/11/2018 02:39:00 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.