Results of Annual General Meeting VUNANI LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/020641/06) JSE code: VUN ISIN: ZAE000163382 (“Vunani” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that the annual general meeting of shareholders of the company was held today, 31 July 2018. In terms of the proposed ordinary and special resolutions, all resolutions as set out in the notice of annual general meeting contained in the integrated report which was posted to shareholders on 29 June 2018, were passed by the requisite majority of shareholders present and voting, in person or by proxy. Details of the results of voting at the general meeting are as follows: - Total number of issued ordinary shares: 164 896 942 - Total number of issued ordinary shares net of treasury shares (“Total Votable Ordinary Shares”): 159 844 362 - Total number of issued ordinary shares which were present/represented at the general meeting: 133 205 010 being 83.33419% of the Total Votable Ordinary Shares. Ordinary Resolutions Ordinary resolution 1: Re-election of GS Nzalo as an independent non-executive director For (1) Against (1) Abstentions (2) Shares voted (3) 133 204 441 69 being 500 being 133 204 510 being 99.99957% 0.00005% 0.00031% being 83.33388% Ordinary resolution 2: Re-election of XP Guma as an independent non-executive director For (1) Against (1) Abstentions (2) Shares voted (3) 133 204 441 69 being 500 being 133 204 510 being 99.99957% 0.00005% 0.00031% being 83.33388% Ordinary resolution 3: Re-election of NS Mazwi as an independent non-executive director For (1) Against (1) Abstentions (2) Shares voted (3) 133 204 441 69 being 500 being 133 204 510 being 99.99957% 0.00005% 0.00031% being 83.33388% Ordinary resolution 4: Re-election of JR Macey as an independent non-executive director For (1) Against (1) Abstentions (2) Shares voted (3) 133 204 441 69 being 500 being 133 204 510 being 99.99957% 0.00005% 0.00031% being 83.33388% Ordinary resolution 5: Re-election of GS Nzalo as a member and chairman of the audit and risk committee For (1) Against (1) Abstentions (2) Shares voted (3) 133 204 441 69 being 500 being 133 204 510 being 99.99995% 0.00005% 0.00031% being 83.33388% Ordinary resolution 6: Re-election of JR Macey as a member of the audit and risk committee For (1) Against (1) Abstentions (2) Shares voted (3) 133 204 441 69 being 500 being 133 204 510 being 99.99995% 0.00005% 0.00031% being 83.33388% Ordinary resolution 7:Re-election of NS Mazwi as a member of the audit and risk committee For (1) Against (1) Abstentions (2) Shares voted (3) 133 204 441 69 being 500 being 133 204 510 being 99.99995% 0.00005% 0.00031% being 83.33388% Ordinary resolution 8: Re-appointment of KPMG Inc. as the auditor of the company For (1) Against (1) Abstentions (2) Shares voted (3) 133 204 341 169 being 500 being 133 204 510 being 99.99987% 0.00013% 0.00031% being 83.33388% Ordinary resolution 9: General authority to directors to allot and issue authorised but unissued ordinary shares For (1) Against (1) Abstentions (2) Shares voted (3) 133 204 441 69 being 500 being 133 204 510 being 99.99995% 0.00005% 0.00031% being 83.33388% Ordinary resolution 10: General authority to directors to allot and issue ordinary shares for cash For (1) Against (1) Abstentions (2) Shares voted (3) 123 404 441 9 800 069 being 500 being 133 204 510 being 92.64284% 7.35716% 0.00031% being 83.33388% Ordinary resolution 11: Approval of remuneration policy (non- binding advisory vote) For (1) Against (1) Abstentions (2) Shares voted (3) 133 204 441 69 being 500 being 133 204 510 being 99.99995% 0.00005% 0.00031% being 83.33388% Ordinary resolution 12: Approval of remuneration implementation report (non-binding advisory vote) For (1) Against (1) Abstentions (2) Shares voted (3) 123 404 441 9 800 069 being 500 being 133 204 510 being 92.64284% 7.35716% 0.00031% being 83.33388% Special resolution 1: Approval of remuneration payable to non- executive directors For (1) Against (1) Abstentions (2) Shares voted (3) 133 204 441 69 being 500 being 133 204 510 being 99.99995% 0.00005% 0.00031% being 83.33388% Special resolution 2: Repurchase of company shares For (1) Against (1) Abstentions (2) Shares voted (3) 133 204 441 69 being 500 being 133 204 510 being 99.99995% 0.00005% 0.00031% being 83.33388% Special resolution 3: Financial assistance For (1) Against (1) Abstentions (2) Shares voted (3) 133 204 441 69 being 500 being 133 204 510 being 99.99995% 0.00005% 0.00031% being 83.33388% Special resolution 4: Amendment of the Conditional Share Plan Special resolution 4 was withdrawn at the annual general meeting. Ordinary resolution 13: Directors’ authority to sign documentation For (1) Against (1) Abstentions (2) Shares voted (3) 133 204 441 69 being 500 being 133 204 510 being 99.99995% 0.00005% 0.00031% being 83.33388% Notes: (1) The votes carried for and against each individual resolution are disclosed as a percentage in relation to the total number of ordinary shares voted (whether in person or by proxy) in respect of such individual resolution at the general meeting. (2) The total number of ordinary shares abstained in respect of each individual resolution (whether in person or by proxy) is disclosed as a percentage in relation to the Total Votable Ordinary Shares. (3) The total number of ordinary shares voted (whether in person or by proxy) at the annual general meeting in respect of each individual resolution is disclosed as a percentage in relation to the Total Votable Ordinary Shares. Sandton 31 July 2018 Designated Adviser Grindrod Bank Limited Date: 31/07/2018 03:00:00 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.