INDEQUITY GROUP LIMITED - RESULTS OF ANNUAL GENERAL MEETING AND SPECIAL GENERAL MEETING

RESULTS OF ANNUAL GENERAL MEETING AND SPECIAL GENERAL MEETING

              Indequity Group Limited
              Incorporated in the Republic of South Africa
              Registration number: 1998/015883/06
              Share code: IDQ
              ISIN code: ZAE000016606
              (“Indequity” or “the Company”)



                      RESULTS OF ANNUAL GENERAL MEETING AND SPECIAL GENERAL MEETING



             Results of annual general meeting
             Indequity Shareholders (“Shareholders”) are hereby advised that at the annual general meeting of
             Shareholders held at 11h00 on Tuesday, 16 January 2018 (“the AGM”), all of the ordinary and special
             resolutions contained in the notice of AGM, forming part of the 2017 Indequity Annual Report, were
             passed by the requisite majority of votes of shareholders present in person or represented by proxy at
             the AGM.

             Details of the results of voting at the AGM are as follows:
              -    Total number of issued Ordinary shares                                              13 105 632
              -    Total number of issued A Class preference shares                                    14 870 000
              -    Total number of issued B Class preference shares                                    11 669 680
              -    Total number of issued shares (Net of treasury shares) (“Total Issued Shares”)      39 645 312
              -    Total number of AGM voteable shares (“AGM Total Voteable Shares”)                   26 148 864

             Total number shares which were voted in person or represented by proxy: 26 148 864 shares, being
             65.96% of the Total Issued Shares and 100% of the AGM Total Voteable Shares.

                                     Shares         Shares     Total Shares   Total Shares   Total Shares          Shares
                                   voted for         voted            voted    voted (% of    voted (% of    abstained (%
                                       (% of    against (%        (number)    Total Issued     AGM Total     of AGM Total
                                       AGM         of AGM                          Shares)      Voteable         Voteable
                                       Total          Total                                       Shares)         Shares)
                                   Voteable       Voteable
                                    Shares)        Shares)
1   To adopt the annual               100%             0%        26 148 864         65.96%           100%              0%
    financial statements.
2   To re-appoint KPMC Inc.,         95.85%          4.15%       26 148 864         65.96%           100%              0%
    with M Danckwerts as
    audit partner, as auditors
    until the next annual
    general meeting         and
    authorise the directors to
    determine and pay the
    auditors remuneration.
3   To approve that KPMG             95.85%          4.15%       26 148 864         65.96%           100%              0%
    Services        Proprietary
    Limited     provide     JSE
    sponsor      services     to
    Indequity,         although
    KPMG Inc. are the
    auditors of the Company.
4   To re-elect G Williamson           100%             0%       25 723 820         64.89%         98.37%           1.07%
    as      non-   executive
    director.
5    To elect G Williamson, JF         100%             0%       25 723 820         64.89%         98.37%           1.07%
     Zwarts     and    A    van
     Jaarsveldt as members of
     the    Audit    and    risk
     committee.
6    To elect G Williamson, JF         100%             0%       25 723 820         64.89%         98.37%           1.07%
     Zwarts, A van Jaarsveldt
     and    L    Jansen     van
     Rensburg as members of
     the social and ethics
     committee.
7    Special resolution No.1:          100%             0%       26 148 864         65.96%           100%              0%
     Repurchase of Shares.
8    Ordinary Resolution No.1:       95.78%          4.22%       25 723 820         64.89%         98.37%           1.07%
     To place the unissued
     shares of the Company
     under the control of
     Directors.
9    Ordinary Resolution No.2:       95.85%          4.15%       26 148 864         65.96%           100%              0%
     To issue shares or sell
     treasury shares for cash.
10   Ordinary Resolution No.3:         100%             0%       26 148 864         65.96%           100%              0%
     Authority     to     sign
     documents.
11   Ordinary Resolution No.4:         100%             0%       26 148 864         65.96%           100%              0%
     Authorisation          of
     remuneration policy.



       Johannesburg
       18 January 2018



       Sponsor

       KPMG Services (Pty) Ltd

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