Results of general meeting VUNANI LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/020641/06) JSE code: VUN ISIN: ZAE000163382 (“Vunani” or “the Company”) RESULTS OF GENERAL MEETING Shareholders are advised that a general meeting of shareholders of the company was held today, 23 October 2018. In terms of the proposed ordinary and special resolutions, all resolutions as set out in the notice of general meeting contained in the circular to shareholders regarding the Odd-lot Offer and the Specific Offer and the amendment of the MOI, which was posted on 21 September 2018, were passed by the requisite majority of shareholders present and voting, in person or by proxy. Details of the results of voting at the general meeting are as follows: - Total number of issued ordinary shares: 164 896 942 - Total number of issued ordinary shares net of treasury shares (“Total Votable Ordinary Shares”): 160 250 296 - Total number of issued ordinary shares which were present/represented at the general meeting: 117 746 678 being 73.48% of the Total Votable Ordinary Shares. Special resolution 1: Specific authority to amend Vunani’s MOI For (1) Against (1) Abstentions (2) Shares voted (3) 117 690 921 16 442 being 39 615 being 117 707 363 being 99.99% 0.01% 0.02% being 73.45% Special resolution 2: Specific authority for repurchase from the Odd-lot Holders For (1) Against (1) Abstentions (2) Shares voted (3) 117 690 921 16 442 being 39 615 being 117 707 363 being 99.99% 0.01% 0.02% being 73.45% Ordinary resolution 1: Implementation of the Odd-lot Offer For (1) Against (1) Abstentions (2) Shares voted (3) 117 690 921 16 442 being 39 615 being 117 707 363 being 99.99% 0.01% 0.02% being 73.45% Ordinary resolution 2: Implementation of the Specific Offer For (1) Against (1) Abstentions (2) Shares voted (3) 117 690 921 16 442 being 39 615 being 117 707 363 being 99.99% 0.01% 0.02% being 73.45% Ordinary resolution 3: Authority to sign documents For (1) Against (1) Abstentions (2) Shares voted (3) 117 691 649 15 714 being 39 615 being 117 707 363 being 99.99% 0.01% 0.02% being 73.45% Notes: (1) The votes carried for and against each individual resolution are disclosed as a percentage in relation to the total number of ordinary shares voted (whether in person or by proxy) in respect of such individual resolution at the general meeting. (2) The total number of ordinary shares abstained in respect of each individual resolution (whether in person or by proxy) is disclosed as a percentage in relation to the Total Votable Ordinary Shares. (3) The total number of ordinary shares voted (whether in person or by proxy) at the annual general meeting in respect of each individual resolution is disclosed as a percentage in relation to the Total Votable Ordinary Shares. Sandton 23 October 2018 Designated Adviser Grindrod Bank Limited Date: 23/10/2018 04:00:00 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.