Results of Annual General Meeting ("AGM") LABAT AFRICA LIMITED (Incorporated in the Republic of South Africa) (Registration number 1986/001616/06) (“Labat” or “the Company”) ISIN Code: ZAE 000018354 Share code: LAB RESULTS OF ANNUAL GENERAL MEETING (“AGM”) Further to the announcement released on SENS on 31 December 2019, shareholders are advised that at the AGM of Labat held on 17 March 2020, convened in terms of the notice of AGM contained in the Annual Report, the voting information is as follows: Number of ordinary shares represented at the meeting 231 094 374 Total issued number of ordinary shares 389 908 922 Percentage of ordinary shares represented at the meeting 59.27% The resolutions proposed at the annual general meeting, together with the percentage of votes carried for and against each resolution, are set out below: Number of votes For Against Abstain Total Votes % % (% of issued (excluding share capital) abstentions) Ordinary Resolution Number 1 – 230 937 882 2 000 154 000 230 939 882 Approval of Financial Statements (100.00%) (0.00%) (0.04%) (59.23%) Ordinary Resolution Number 2 – 230 868 952 54 250 170 680 230 923 202 Director retirement and re-election – (99.98%) (0.02%) (0.04%) (59.22%) Mr R Mohamed Ordinary Resolution Number 3 – 230 921 982 17 900 154 000 230 939 882 Re-appointment and remuneration of (99.99%) (0.01%) (0.04%) (59.23%) auditors Ordinary Resolution Number 4 – 230 868 952 54 250 170 680 230 923 202 Appointment of Audit Committee (99.98%) (0.02%) (0.04%) (59.22%) member – Mr R Mohamed Ordinary Resolution Number 5 – 230 905 302 17 900 170 680 230 923 202 Appointment of Audit Committee (99.99%) (0.01%) (0.04%) (59.22%) member – Ms BA Penny Ordinary resolution Number 6 - 230 868 952 54 250 170 680 230 923 202 Re-appointment of Audit Committee (99.98%) (0.02%) (0.04%) (59.22%) member – Ms RM Majiedt Ordinary Resolution Number 7 – 230 487 840 401 362 204 680 230 889 202 Endorsement of Labat’s Remuneration (99.83%) (0.17%) (0.05%) (59.22%) Policy Ordinary Resolution Number 8 – 230 487 840 401 362 204 680 230 889 202 Endorsement of the implementation of (99.83%) (0.17%) (0.05%) (59.22%) Labat’s Remuneration Policy Ordinary Resolution Number 9 – 230 496 840 443 042 154 000 230 939 882 General authority to allot and issue (99.81%) (0.19%) (0.04%) (59.23%) shares for cash Special resolution number 1 – Authority to 230 487 840 435 362 170 680 230 923 202 issue shares that may exceed 30% of the (99.98%) (0.19%) (0.04%) (59.22%) voting power of the current issued share capital Special resolution Number 2 – Non- 230 487 840 401 362 204 680 230 889 202 Executive Director’s Remuneration (99.83%) (0.17%) (0.05%) (59.22%) Special resolution Number 3 – General 230 538 520 401 362 154 000 230 939 882 authority to enter into funding (99.83%) (0.17%) (0.04%) (59.23%) agreements, provide loans or other financial assistance Special resolution Number 4 – General 230 574 870 365 012 154 000 230 939 882 authority to repurchase the Company’s (99.84%) (0.16%) (0.04%) (59.23%) securities By order of the board. Johannesburg 18 March 2020 Sponsor Arbor Capital Sponsors Date: 18-03-2020 08:09:00 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.