BIIIPL - Notification of the Voting Results in respect of the Noteholders Meeting iNguza Investments (RF) Limited (Incorporated in the Republic of South Africa) (Registration No. 2008/003346/06) Company code: BIIIPL (“iNguza” or “the Issuer”) NOTIFICATION OF THE VOTING RESULTS IN RESPECT OF THE NOTEHOLDERS MEETING Bondholders are referred to the notice of meeting released on SENS on 18 January 2019, the meeting of which was held on Friday, 8 February 2019, at the offices of Rand Merchant Bank, 1 Merchant Place, Rivonia Road, Sandton, Johannesburg, 2196 at 09:00 (“Noteholders Meeting”) at which the Special Resolution set out below was considered. Special Resolution Number 1: Amendment of the Note Programme The Noteholders hereby approve the Proposed Amendments to the Programme Memorandum as set out in the document attached to the notice of the Noteholders' meeting at which this Special Resolution is approved and as initialled by the chairman of the meeting for identification purposes (with or without modifications approved at such Noteholder meeting). The Noteholders further instruct and authorise the Security SPV to conclude whatever documents may be required in order to give effect to the Proposed Amendments and these resolutions. In this regard, the Issuer confirms the voting results from the Noteholders Meeting in relation to the total nominal amount of all debt securities issued by the Issuer as follows: Special Resolution Debt securities voted in Debt securities voted in Votes abstained as a Votes carried for Votes against resolution person or by proxy person or by proxy percentage resolution as a as a percentage disclosed as a number disclosed as a percentage percentage 1 ZAR5 251 145 738.00 60.88% 0.10% 100.00% 0.00% 12 February 2019 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 12/02/2019 12:45:00 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.