Results of the Annual General Meeting Comair Limited (Incorporated in the Republic of South Africa) (Registration number 1967/006783/06) Share code: COM ISIN: ZAE000029823 ("Comair" or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that the results of the voting at the annual general meeting of the Company held at 12h00 today, Tuesday, 29 October 2019 at Comair’s Operations Building, Corner Whirlwind and Fortress Roads, Rhodesfield, 1619, (“AGM”), are as follows: Votes Votes for against resolution resolution as a as a Number of Number of percentage percentage shares shares of total of total Number of voted at abstained number of number of shares AGM as a as a Resolutions shares shares voted at percentage percentage proposed at the voted at voted at AGM per of shares in of shares in AGM AGM AGM Resolution issue issue Ordinary resolution number 1: Consider the Annual Financial Statements 99.99% 0.01% 400 689 299 85.37% 0.01% Ordinary resolution number 2: Re- appointment of external auditors 67.68% 32.32% 396 668 610 84.52% 0.87% Ordinary resolution number 3.1: To re- elect N Maharajh as a director 99.99% 0.01% 400 681 049 85.37% 0.01% Ordinary resolution number 3.2: To re- elect MN Louw as a director 68.46% 31.54% 400 683 049 85.37% 0.01% Ordinary resolution number 3.3: To re- elect CS Martinoli as a director 99.99% 0.01% 400 676 718 85.37% 0.01% Ordinary resolution number 3.4: To re- elect WD Stander as a director 99.99% 0.01% 275 436 091 58.69% 26.70% Ordinary resolution number 3.5: To re- 99.99% 0.01% 400 683 049 85.37% 0.01% elect LP Ralphs as a director Ordinary resolution number 3.6: To re- elect GW Orsmond as a director 99.99% 0.01% 275 426 091 58.68% 26.70% Ordinary resolution number 4.1: To re- elect N Maharajh as a member of the audit committee 68.15% 31.85% 396 676 610 84.52% 0.87% Ordinary resolution number 4.2: To re- elect NB Sithole as a member of the audit committee 68.46% 31.54% 400 671 049 85.37% 0.01% Ordinary resolution number 5: Non- binding endorsement of the Company’s remuneration policy 68.05% 31.95% 400 680 899 85.37% 0.01% Ordinary resolution number 6: Non- binding endorsement of the Company’s Implementation Report on the remuneration policy 68.17% 31.83% 400 672 649 85.37% 0.01% Ordinary resolution 7: Authorisation for company secretary or other director to sign necessary documents to give effect to resolutions 99.99% 0.01% 400 689 299 85.37% 0.01% Special resolution number 1: Approval of non-executive directors remuneration 2018/2019 98.69% 1.31% 400 691 199 85.37% 0.01% Special resolution number 2: Approval of non-executive directors remuneration 2019/2020 67.16% 32.84% 400 691 199 85.37% 0.01% Special resolution number 3: General authority to repurchase shares 96.61% 3.39% 400 699 299 85.38% 0.01% Special resolution number 4: General authority to provide financial assistance to related and inter- related companies and corporations 99.77% 0.23% 400 664 949 85.37% 0.02% Special resolution number 5: Amendment to the Company’s MoI to provide for the retirement of non- executive directors who served for a period of 9 years or longer to retire on an annual basis but being eligible can stand for re- election 86.35% 13.65% 400 672 949 85.37% 0.01% Note: Total number of shares in issue as at the date of the AGM was 469 330 865. Shareholders are further advised that, as ordinary resolution number 5, relating to the non- binding advisory vote on the remuneration policy of the Company and ordinary resolution number 6 relating to the non-binding advisory vote on the implementation of the remuneration policy, were voted against by 25% or more of the votes exercised by the Company’s shareholders present in person or represented by proxy at the AGM, an invitation will be extended to such dissenting shareholders to engage with the Company. The manner and timing of such engagement has not as yet been finalised and the Company will issue a further announcement shortly setting out such details. Bonaero Park 29 October 2019 Sponsor PSG Capital IMPORTANT NOTICE TO FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS IN COMAIR LIMITED (“COMAIR”) SHOULD NOTE THAT, IN ORDER TO ENABLE COMAIR (AS A LICENSED AIR SERVICES OPERATOR IN SOUTH AFRICA) TO REMAIN COMPLIANT WITH THE FOREIGN OWNERNSHIP RESTRICTION CONTAINED IN SECTIONS 16 (4) ( c ) AND 19(a) OF THE AIR SERVICES LICENSING ACT, NO. 115 OF 1990, THE VOTING RIGHTS OF SHAREHOLDERS MAY BE DECREASAED PROPORTIONATELY SUCH THAT THE VOTING RIGHTS OF FOREIGN SHAREHOLDERS DO NOT, IN AGGREGATE, EXCEED 24.99%. FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS ARE REFERRED TO COMAIR’S MEMORANDUM OF INCORPORATION AND WEBSITE (www.comair.co.za) FOR FURTHER DETAIL. IF FOREIGN SHAREHOLDERS OR PROSPECTIVE INVESTORS ARE IN ANY DOUNT AS TO WHAT ACTION TO TAKE THEY SHOULD SEE ADVICE FROM THEIR BROKER, ATTORNEY OR OTHER PROFESSIONAL ADVISER. Date: 29/10/2019 04:32:00 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.