Results of Annual General Meeting CULLINAN HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1902/001808/06) Share Code: CUL ISIN: ZAE000013710 Share code: CULP ISIN: ZAE000001947 (“the company”) RESULTS OF ANNUAL GENERAL MEETING (“AGM”) Shareholders are advised that all the resolutions contained in the notice convening the AGM were approved by the requisite majorities of shareholders present in person or represented by proxy at the AGM of the company held on 2 February 2018. The issued ordinary share capital of the company consists of 810 608 385 shares. 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 issued number (% of of total (% of total share issued share votes cast) votes cast) capital) capital) Ordinary resolution 1: approval of annual 797 066 414 797 031 414 - 35 000 financial statements (98,35%) (100%) (0%) Ordinary resolution 2: approval of 797 066 414 797 031 414 - 35 000 directors’ remuneration (98,35%) (100%) (0%) Ordinary resolution 3: ratification of 797 066 414 797 031 414 - 35 000 directors’ actions (98,35%) (100%) (0%) Ordinary resolution 4: Re-election of non- executive directors: 4.1 approval of the appointment of 797 066 414 797 031 414 - 35 000 R Arendse (98,35%) (100%) (0%) 4.2 approval of the appointment of 797 066 414 797 031 414 - 35 000 G Tollman (98,35%) (100%) (0%) 4.3 approval of the appointment of 797 066 414 797 031 414 - 35 000 D Hosking (98,35%) (100%) (0%) Ordinary resolution 5: re-appointment 797 066 414 797 031 414 - 35 000 and remuneration of auditors (98,35%) (100%) (0%) Ordinary resolution 6: placing authorised 797 066 414 797 031 414 - 35 000 but unissued share capital under the (98,35%) (100%) (0%) control of the directors Ordinary resolution 7: appointment of chairman and members of Audit Committee: 10.1 re-elect R Arendse as member and 797 066 414 797 031 414 - 35 000 chairman of the Audit Committee (98,35%) (100%) (0%) 10.2 re-elect M Burton as member of the 797 066 414 797 031 414 - 35 000 Audit Committee (98,35%) (100%) (0%) 10.3 re-elect A Mendratta as member of 797 066 414 797 031 414 - 35 000 the Audit Committee (98,35%) (100%) (0%) Ordinary non-binding advisory resolution 797 066 414 797 031 414 - 35 000 8: adoption of the company remuneration (98,35%) (100%) (0%) policy Ordinary resolution 9: to transact such 797 066 414 797 031 414 - 35 000 other business as may be transacted at (98,35%) (100%) (0%) an annual general meeting Special resolution 1: financial assistance 797 066 414 797 031 414 - 35 000 to related or inter-related entities to the (98,35%) (100%) (0%) company Special resolution 2: financial assistance 797 066 414 797 031 414 - 35 000 for subscription for or purchase of (98,35%) (100%) (0%) securities by related or inter-related entities to the company Special resolution 3: approval of the 797 066 414 797 031 414 - 35 000 remuneration of non-executive directors (98,35%) (100%) (0%) for services as directors for the following year By order of the board. Johannesburg 2 February 2018 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 02/02/2018 02:58:00 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.