Voting results of the general meeting TRENCOR LIMITED (Incorporated in the Republic of South Africa) (Registration number 1955/002869/06) Share code: TRE ISIN: ZAE000007506 (“Trencor” or the “Company”) VOTING RESULTS OF THE GENERAL MEETING At the general meeting of shareholders of Trencor held on Friday, 18 October 2019, all the ordinary and special resolutions proposed were approved by the requisite majority of votes. The Company confirms the voting statistics from the general meeting as follows: Total number of shares in issue 173 677 833 Total number of shares represented (in person, by letter of representation or by proxy) at the general meeting 160 636 860 (92,49%) Votes cast disclosed as Shares a percentage in relation Shares voted abstained to the total number of disclosed as disclosed as shares voted at the a percentage a percentage general meeting in relation to in relation to the total the total Number of issued share issued share Resolutions For Against shares voted capital capital Special resolution number 1: Authority to repurchase Shares from 100,00% 0,00% 160 494 032 92,41% 0,08% the Odd-lot Holders Special resolution number 2: Authority to repurchase Shares from 100,00% 0,00% 160 494 032 92,41% 0,08% the Specific Holders Special resolution number 3: Authority to dispose of all or a greater part of the company’s assets 100,00% 0,00% 160 461 547 92,39% 0,10% in terms of section 112 of the Companies Act (the “Unbundling Resolution”) Ordinary resolution number 1: Implementation of the Odd-lot Offer, specifically the repurchase of the 100,00% 0,00% 160 494 174 92,41% 0,08% Odd-lot Holdings from the Odd-lot Holders who do not make an election Ordinary resolution number 2: Directors’ authority 100,00% 0,00% 160 494 032 92,41% 0,08% Trencor Services Proprietary Limited Secretaries 18 October 2019 Financial Advisor and Transaction Sponsor Investec Bank Limited Legal and Tax Advisor Edward Nathan Sonnenbergs Inc. www.trencor.net Date: 18/10/2019 04:59:00 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.