VALUE GROUP LIMITED - Results of the General Meeting: Renewal of leases with a related party

Results of the General Meeting: Renewal of leases with a related party

VALUE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/002203/06)
Share code: VLE ISIN Code: ZAE000016507
(“the company”)



RESULTS OF THE GENERAL MEETING: RENEWAL OF LEASES WITH A RELATED PARTY


Shareholders are advised that the resolutions contained in the notice convening the General
Meeting were approved by the requisite majorities of shareholders present in person or represented
by proxy at the General Meeting of the company held on Friday, 24 July 2020. The issued share
capital of the company carrying voting rights is 183,064,010 shares, of which 87,134,990 were
entitled to vote at the General Meeting.


Details of the resolutions and the voting are contained in the table below.


Resolution proposed                           Total number of           Votes in         Votes           Abstentions:
                                              votes cast:               favour:          against:        % of eligible
                                              %  of eligible            % of total       % of total      votes
                                              votes                     votes cast       votes cast


Ordinary   resolution   number    1: To             51,537,317          38,239,586       13,297,731        1,174,034
approve the Corporate Action                            59.15%               74.2%            25.8%            1.35%


Ordinary   resolution   number    2: To             51,537,317          38,239,586       13,297,731        1,174,034
authorise any director or the company                   59.15%               74.2%            25.8%            1.35%
secretary to sign documentation to give
effect to ordinary resolution number 1



By order of the board.

Johannesburg
24 July 2020


Sponsor                     Auditors and reporting           Independent                    Corporate Advisor
                            accountants                      Professional Expert
Investec Bank               SVG                              Mazars Corporate               Suez Capital
                                                             Finance

Date: 24-07-2020 02:57:00
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