Results of the Annual General Meeting AVIOR CAPITAL MARKETS HOLDINGS LIMITED Incorporated in the Republic of South Africa Registration number: 2015/086358/06 Share Code: AVR ISIN: ZAE000211637 (“Avior Holdings” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders of Avior Holdings (“Shareholders”) are hereby advised that all the ordinary and special resolutions tabled at the annual general meeting of Avior Holdings held yesterday, 07 November 2019 ("AGM"), were passed by the requisite majority votes by Shareholders present in person or represented by proxy at the AGM. The total number of ordinary shares present in person and/or represented by proxy at the AGM was 137 422 003, constituting 93.94% of Avior Holdings’ total issued ordinary share capital, as at Friday, 25 October 2019, being the Voting Record Date. The detailed voting results of the AGM are set out below: Votes for Votes Number of Number of Number of resolution against shares shares shares as a resolution voted at the voted as a abstained percentage as a AGM percentage as a of total percentage of the votes percentage number of of total (%) exercisable of the votes shares number of at the AGM exercisable voted at the shares at the AGM AGM voted at the (%) AGM (%) (%) (%) RE-ELECTION OF THE DIRECTORS ORDINARY 137 422 003 - 137 422 137 422 003 - RESOLUTION being 100% 003 being being NUMBER 1.1: Re- 93.94% 93.94% election of Marilyn Ramplin as director ORDINARY 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 1.2: Re- 93.94% 93.94% election of Peter Koutromanos as director ORDINARY 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 1.3: Re- 93.94% 93.94% election of Kevin Mattison as director ORDINARY 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 1.4: Re- 93.94% 93.94% election of Justin Larsen as director ORDINARY 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 1.5: Re- 93.94% 93.94% election of Thabo Vincent Mokgatlha as director ORDINARY 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 1.6: 93.94% 93.94% Re-election of Stephan David Price as director APPOINTMENT OF THE MEMBERS OF THE AUDIT AND RISK COMMITTEE OF THE COMPANY ORDINARY 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 2.1: 93.94% 93.94% Appointment/Re- appointment of the members of the audit and risk committee: Thabo Vincent Mokgatlha ORDINARY 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 2.2: 93.94% 93.94% Appointment/Re- appointment of the members of the audit and risk committee: Stephan David Price ORDINARY 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 2.3: 93.94% 93.94% Appointment/Re- appointment of the members of the audit and risk committee: Marilyn Ramplin ORDINARY 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 3: Re- 93.94% 93.94% Appointment of BDO as Auditor ORDINARY 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 4: Non- 93.94% 93.94% binding endorsement of the Avior Remuneration Policy ORDINARY 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 5: Non- 93.94% 93.94% binding advisory vote on the Avior Implementation Report on the Remuneration Policy ORDINARY 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 6: General 93.94% 93.94% authority to issue ordinary shares for cash ORDINARY 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 7: 93.94% 93.94% General authority to Directors to issue and allot authorised but unissued ordinary shares ORDINARY 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 8: Signing 93.94% 93.94% authority SPECIAL 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 1: 93.94% 93.94% Remuneration of non-executive directors SPECIAL 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 2: Inter- 93.94% 93.94% company financial assistance SPECIAL 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 3: 93.94% 93.94% Financial Assistance for the Subscription and/or Purchase of Shares in the Company or a Related or Inter- Related Company SPECIAL 137 422 003 - 137 422 003 137 422 003 - RESOLUTION being 100% being being NUMBER 4: Share 93.94% 93.94% buy-back by Avior and its subsidiaries Johannesburg 08 November 2019 DESIGNATED ADVISOR: Pallidus Capital Proprietary Limited Date: 08/11/2019 03:15:00 Produced by the JSE SENS Department. 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