Results of Annual General Meeting INDEQUITY GROUP LIMITED Incorporated in the Republic of South Africa Registration number 1998/015883/06 Share code: IDQ ISIN: ZAE000016606 (“Indequity” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that, at the annual general meeting of Indequity held today, 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 19 148 970, representing 49.26% of the total issued share capital of the same class of Indequity shares. The resolutions proposed at the meeting, together with the percentage of shares abstained, as well as the percentage of votes carried for and against each resolution, are set out below: % of votes % of votes carried for the against the % of shares Resolution resolution resolution abstained Resolution number 1: To adopt the annual financial statements 100.00% 0.00% 0.01% Resolution number 2: To re-appoint KPMG Inc., with M Danckwerts as audit partner, as auditors until the next annual general meeting and authorise the directors to determine and pay the auditors’ remuneration 100.00% 0.00% 0.01% Resolution number 3: To re-elect JF Zwarts as an independent non-executive director 100.00% 0.00% 0.01% Resolution number 4: To appoint JF Zwarts as a member of the Audit and Risk Committee 100.00% 0.00% 0.01% Resolution number 5: To appoint G Williamson, as a member and chairman of the Audit and Risk Committee 100.00% 0.00% 0.01% Resolution number 6: To appoint AV van Jaarsveldt, as a member of the Audit and Risk Committee 100.00% 0.00% 0.01% Special resolution number 1: General approval to acquire shares 100.00% 0.00% 0.01% Ordinary resolution number 1: To place the unissued shares of the Company under the control of the directors 100.00% 0.00% 0.01% Ordinary resolution number 2: Approval to issue shares, and to sell treasury shares for cash 98.21% 1.79% 0.01% Ordinary resolution number 3: Authority to sign documents 100.00% 0.00% 0.01% Ordinary resolution number 4: Non-binding advisory endorsement of remuneration policy 100.00% 0.00% 0.01% Ordinary resolution number 5: Non-binding advisory endorsement of implementation report 100.00% 0.00% 0.01% Johannesburg 22 January 2019 Sponsor Merchantec Capital Date: 22-01-2020 04:59:00 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.