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 (“Efficient” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that, at the annual general meeting of Efficient held on 19 February 2019, 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 83 159 363, representing 92.94% of the total issued share capital of the same class of Efficient 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: Re-election of non- executive directors 1.1. Re-election of Joe Rosen as an independent non- executive director 99.99 0.01 0.01 1.2. Re-election of Zee Cele as an independent non- executive director 99.99 0.01 0.01 Ordinary resolution number 2: Re-appointment of external auditor 99.99 0.01 0.00 Ordinary resolution number 3: Re-appointment of audit and risk committee members 3.1. Re-appointment of Joe Rosen as a member and chairperson of the audit and risk committee 99.99 0.01 0.01 3.2. Re-appointment of Zee Cele as a member of the audit and risk committee 99.99 0.01 0.01 3.3. Re-appointment of Babalwa Ngonyama as a member of the audit and risk committee 99.99 0.01 0.01 Ordinary resolution number 4: Advisory endorsement of remuneration policy and implementation report 4.1. Endorsement of remuneration policy 99.99 0.01 0.00 4.2. Endorsement of implementation report 99.99 0.01 0.00 Ordinary Resolution number 5: Placement of authorised but unissued shares under the directors’ control 99.99 0.01 0.00 Ordinary Resolution number 6: General authority to issue ordinary shares for cash 99.99 0.01 0.00 Ordinary Resolution number 7: Signing authority 99.99 0.01 0.00 Special Resolution number 1: General authority to repurchase shares 99.99 0.01 0.00 Special Resolution number 2: Approval of non- executive directors’ fees 99.99 0.01 0.00 Special Resolution number 3: General authority to provide financial assistance 99.99 0.01 0.00 Johannesburg 19 February 2019 Sponsor Merchantec Capital Date: 19/02/2019 04:31:00 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.