Results of Annual General Meeting EFFICIENT GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 2006/036947/06) Share code: EFG ISIN: ZAE000151841 (“EFG” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that, at the annual general meeting of EFG held on 20 February 2018, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 69 406 226, representing 76.61% of the total issued share capital of the same class of EFG shares. The resolutions proposed at the meeting, as well as the percentage of votes carried for and against each resolution, together with the percentage of shares abstained, are set out below: % of votes % of votes carried for the against the % of shares Resolution resolution resolution abstained Ordinary resolution number 1: Adoption of audited 100% - 0.00%* consolidated annual financial statements Ordinary resolution number 2: Re-election of 100% - 0.00%* Babalwa Ngonyama as a non-executive director Ordinary resolution number 3: Re-election of Ockert 100% - 20.02% Goosen as a non-executive director Ordinary resolution number 4: Election of Ian 100% - 20.02% Groenewald as an alternate director to Ockert Goosen Ordinary resolution number 5: Appointment of 100% - 0.00%* Stephen Rushton as a non-executive director Ordinary resolution number 6: Re-appointment of 99.01% 0.99% 0.03% KPMG Inc. as Independent auditors of the Company Ordinary resolution number 7: Re-appointment of 100% - 0.00%* Joe Rosen as member of the audit and risk committee Ordinary resolution number 8: Re-appointment of 100% - 0.00%* Babalwa Ngonyama as member of the audit and risk committee Ordinary resolution number 9: Re-appointment of 100% - 0.00%* Zee Cele as member of the audit and risk committee Ordinary resolution number 10: Placement of 100% - 0.00%* authorised but unissued shares under the directors’ control Ordinary resolution number 11: General authority to 100% 0.00%* 0.00%* issue ordinary shares, for cash Ordinary resolution number 12: Endorsement of the 100% 0.00%* 0.00%* Company’s remuneration policy Ordinary resolution number 13: Implementation of 100% 0.00%* 0.00%* the remuneration policy Ordinary resolution number 14: Authority for 100% - 0.00%* directors or Company Secretary to implement resolutions Special resolution number 1: General authority to 100% - 0.00%* repurchase shares Special resolution number 2: Approval of non- 100% - 0.00%* executive directors’ fees Special resolution number 3: General authority to 99.97% 0.03% 0.00%* provide financial assistance Special resolution number 4.1: Increase the 100% - 0.00%* aggregate number of scheme shares under the existing scheme Special resolution number 4.2: Increase the 100% - 0.00%* aggregate number of scheme shares to be awarded to any participant under the existing scheme *Rounded to two decimal places. Johannesburg 21 February 2018 Sponsor Merchantec Capital Date: 21/02/2018 11:46:00 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.