Results of The Annual General Meeting and Change to The Board of Directors MONTAUK HOLDINGS LIMITED Registration number: 2010/017811/06 (Incorporated in the Republic of South Africa) JSE share code: MNK ISIN: ZAE000197455 (“Montauk” or the “Company”) RESULTS OF THE ANNUAL GENERAL MEETING AND CHANGE TO THE BOARD OF DIRECTORS Shareholders are hereby advised that at the annual general meeting of the Company held at 14:00 on the 5 September 2018 at Suite 801, 76 Regent Street, Sea Point, 8005 (“AGM”), all of the resolutions were passed by the requisite majority of Montauk shareholders. The detailed voting results of the AGM are set out below: % of issued Number of shares share capital Total number of shares present/represented including proxies at meeting (including shares abstained from 62.48 82 142 674 voting) There were no shares abstained at the AGM. Votes for resolution Votes against resolution Resolution No Description Ordinary Election of director: Mr M H Ahmed 858 140 28 99.62% 328 646 0.38% resolution 1.1 Ordinary Election of director: Mr B S Raynor 86 089 015 99.94% 53 659 0.06% resolution 1.2 Ordinary Election of director: Mr T G resolution 1.3 Govender 86 088 655 99.94% 54 019 0.06% Ordinary Reappointment of auditor: Grant resolution 2 Thornton Johannesburg 86 142 314 100% 360 0.% Ordinary Appointment of audit committee 85 973 970 99.80% 168 704 0.02% resolution 3.1 member: Mr M H Ahmed Ordinary Appointment of audit committee 86 142 674 100% 0 0% resolution 3.2 member: Ms N B Jappie Ordinary Appointment of audit committee 86 142 674 100% 0 0% resolution 3.3 member: Mr B S Raynor Ordinary General authority over unissued 85 481 384 99.23% 661 290 0.77% resolution 4 shares Advisory endorsement of Non-binding Remuneration Policy for the year 82 544 926 95.82% 3 597 748 4.18% advisory vote 1 ended 31 March 2018 Advisory endorsement of Non-binding Remuneration Implementation advisory vote 2 Report for the year ended 31 85 707 964 99.50% 434 710 0.50% March 2018 Special General authority to issue shares 85 481 384 99.23% 661 290 0.77% resolution 1 and options for cash Special Approval of annual fees to be paid 86 142 314 100% 360 0% resolution 2 to non-executive directors Special General authority to repurchase resolution 3 company shares 86 013 257 99.85% 129 417 0.1% General authority to provide Special financial assistance in terms of resolution 4 sections 44 and 45 of the 82 786 670 96.10% 3 356 004 3.90% Companies Act Ordinary Authorisation of directors to resolution 5 implement resolutions passed 86 142 674 100% 0 0% In accordance with paragraph 3.59 of the JSE Listings Requirements. Montauk Holdings shareholders are advised that the following changes have been made to the Montauk Holdings Board of Directors: Mr Andre van der Veen retired as a director of the Company in accordance with the Company’s memorandum of incorporation with effect from the date of the company’s AGM on 5th September 2018. The Board thanks Andre for his positive contribution to the Company during his tenure and wishes him the very best in his future endeavours. As per ordinary resolution number 1.3 Mr Kevin Govender has been elected as a non-executive director of the Company. Kevin is the financial director of Hosken Consolidated Investments Limited, the previous holding company of Montauk, and has held various positions within the HCI group since he joined the group in 1997. He holds directorships in numerous HCI subsidiaries, including the Deneb Investments, Hosken Passenger Logistics and Rail and eMedia Holdings which are listed on the JSE. Kevin is also a trustee of the HCI Foundation. Cape Town 6 September 2018 Sponsor Investec Bank Limited Date: 06/09/2018 01:50:00 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.