AdBEE (RF) LIMITED - Results of the annual general meeting and changes to the board of directors

Results of the annual general meeting and changes to the board of directors

AdBEE (RF) LIMITED
(Incorporated in the Republic of South Africa)
Registration number 2015/054070/06
ISIN: ZAE000204897
Share Code: ADE
("AdBEE" or "the Company")


RESULTS OF THE ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD OF DIRECTORS

RESULTS OF THE ANNUAL GENERAL MEETING
Securities holders are advised that at the annual general meeting ("AGM") held today, 22 November 2018, convened in terms of the notice of the AGM forming part of
the audited annual financial statements, all the ordinary resolutions proposed at the AGM were passed by the requisite majority of votes, as follows:

                                                             Votes cast disclosed as a percentage
                                                              in relation to the total number of                        Shares voted          Shares abstained
                                                                 shares voted at the meeting                           disclosed as a           disclosed as a
                                                                                                     Number of         percentage in            percentage in
Resolutions                                                                                        shares voted     relation to the total    relation to the total
                                                                                                                    issued share capital*    issued share capital*
                                                                                                                       
                                                             For                Against

Ordinary Resolution 1
To elect Ms Boyce as a non-executive director of the
Company, who is retiring in terms of the MOI and makes       100%               -                       1              100%                     -
himself available for re-election.

Ordinary Resolution 2
To re-elect Mr Raphiri as a non-executive director of the
Company, who is retiring by rotation in terms of the MOI     100%               -                       1              100%                     -
and makes himself available for re-election.

Ordinary Resolution 3
To re-elect the following Non-Executive Directors as Audit
Committee members by way of separate resolutions:
   3.1 Dr T Lesoli                                           100%               -                       1              100%                     -
   3.3 Mr C Raphiri                                          100%               -                       1              100%                     -
   3.4 Ms L Boyce                                            100%               -                       1              100%                     -

Ordinary Resolution 4
To re-appoint EY as the independent external auditors of
the Company for the ensuing year (the designated auditor    100%                -                       1              100%                     -
being Mr Dave Cathrall)

Ordinary Resolution 5
To authorise any one director of the Company and/or the
Company Secretary to do all such things and sign all such
documents (including any amendments thereto) to             100%              -                         1              100%                     -
implement all the resolutions tabled and approved at this
AGM.


*Total issued share capital is 1.

CHANGES TO THE BOARD OF DIRECTORS
In accordance with the Listings Requirements of the JSE Limited, AdBEE securities holders are hereby notified that on Thursday, 22 November 2018, Mr Mpho Makwana
tendered his resignation as a non-executive director and a member of the Audit Committee of AdBEE with immediate effect. Consequently, ordinary resolution number
3.2 in the Notice convening the AGM has been withdrawn.

The Board is sincerely grateful to him for his contribution and leadership and wishes him well in his future endeavours.

Johannesburg
22 November 2018

Sponsor
Rand Merchant Bank (a Division of FirstRand Bank Limited)

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