Report on proceedings at the annual general meeting and change in designated auditor STELLAR CAPITAL PARTNERS LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/015580/06) Share code: SCP ISIN: ZAE000198586 ("Stellar Capital" or “the Company") REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING AND CHANGE IN DESIGNATED AUDITOR The Company is pleased to advise shareholders that all the resolutions contained in the notice of annual general meeting (“AGM” or “the meeting”) were passed by the required majority of votes by shareholders present or represented by proxy at the AGM held at 09h30 today entirely through electronic communication(other than Special resolution number 1 in respect of a general authority to repurchase shares, which was withdrawn at the commencement of the AGM pursuant to the announcement released on the Stock Exchange News Service on 18 November 2020). Votes cast Shares voted Shares abstained disclosed as a disclosed as a disclosed as a percentage in percentage in percentage in relation to the relation to the relation to the total number of total issued total issued Resolutions shares voted at Number of shares eligible shares eligible the meeting shares voted to vote* to vote* For Against Ordinary resolution number 1 Adoption of annual financial statements 100.00% 0.00% 649 984 982 79.01% 0.22% Ordinary resolution number 2 Director re-election (DD Tabata) 99.99% 0.01% 648 901 293 78.88% 0.35% Ordinary resolution number 3 Director re-election (PJ Bishop) 100.00% 0.00% 648 901 293 78.88% 0.35% Ordinary resolution number 4 Appointment and remuneration of Auditors and change in designated auditor 100.00% 0.00% 649 936 982 79.01% 0.22% Ordinary resolution number 5 Appointment of Audit and Risk Committee member – L Potgieter 100.00% 0.00% 648 901 293 78.88% 0.35% Ordinary resolution number 6 Appointment of Audit and Risk Committee member – MVZ Wentzel 100.00% 0.00% 648 901 293 78.88% 0.35% Ordinary resolution number 7 Appointment of Audit and Risk Committee member – DD Tabata 99.99% 0.01% 648 901 293 78.88% 0.35% Ordinary resolution number 8 Appointment of Social and Ethics Committee member – DD Tabata 99.99% 0.01% 648 901 293 78.88% 0.35% Ordinary resolution number 9 Appointment of Social and Ethics Committee member – MVZ Wentzel 100.00% 0.00% 648 901 293 78.88% 0.35% Ordinary resolution number 10 Appointment of Social and Ethics Committee member – PJ van Zyl 99.38% 0.62% 648 901 293 78.88% 0.35% Ordinary resolution number 11 General authority to issue shares for cash 91.08% 8.92% 649 937 757 79.01% 0.22% Ordinary resolution number 12 Approval of the remuneration policy 97.65% 2.35% 641 776 498 78.02% 1.21% Ordinary resolution number 13 Approval of the remuneration implementation report 97.66% 2.34% 641 775 723 78.02% 1.21% Ordinary resolution number 14 Renewal of Management Agreement 97.28% 2.72% 549 478 349 66.80% 12.43% Ordinary resolution number 15 Authorising resolution 98.34% 1.66% 649 928 982 79.01% 0.22% Special resolution number 1 General authority to repurchase shares - WITHDRAWN n/a n/a n/a n/a n/a Special resolution number 2 Non-executive directors’ 98.28% 1.72% 641 661 273 78.00% 1.23% remuneration Special resolution number 3 General authority to provide financial assistance 97.07% 2.93% 648 893 293 78.88% 0.35% Special resolution number 4 General authority to provide financial assistance for the subscription of securities 93.62% 6.38% 648 893 293 78.88% 0.35% *Total number of ordinary shares entitled to vote is 822 616 841 (issued share capital of 912 616 841 shares excluding 90 000 000 treasury shares). The total number of ordinary shares that were present/represented at the meeting: 651 767 878, being 79.23% of total number of Stellar Capital ordinary shares that could have been voted at the meeting. The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. CHANGE IN DESIGNATED INDIVIDUAL AUDITOR Shareholders are advised that, as a result of the requirements of audit partner rotation, the Company's independent auditors, BDO South Africa Incorporated, have recommended Mr. Imtiaaz Hashim, as the new designated individual auditor, replacing Mr. Bernard van der Walt. The Board and shareholders have accepted this recommendation (refer Ordinary Resolution number 4 above). The appointment of Mr. Imtiaaz Hashim as the Company’s designated individual auditor will take effect immediately. Cape Town 24 November 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24-11-2020 02:57:00 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.