Results of 2018 Annual General Meeting Andulela Investment Holdings Limited Incorporated in the Republic of South Africa (Registration number1950/037061/06) JSE share code: AND | ISIN: ZAE000172870 (“Andulela” or the “Company” or the “Group”) RESULTS OF THE 2018 ANNUAL GENERAL MEETING Andulela shareholders are advised that at the annual general meeting (“AGM”) of shareholders held on Monday, 18 June 2018, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy. The meeting was attended by 84 910 805 Andulela shares, representing 96.88% of the total ordinary issued share capital of Andulela, voting in person or by proxy. The resolutions proposed at the AGM, together with the percentage of shares abstained (as a percentage of total issued share capital of the Company), as well as the percentage of votes carried for and against each resolution (as a percentage of shares voted), are as follows: 1. Special resolution number 1: General authority to repurchase shares issued by the company FOR AGAINST ABSTAIN 84 910 805 0 0 100.00% 0.00% 0.00% 2. Special resolution number 2: General authority to provide financial assistance to related and inter-related companies FOR AGAINST ABSTAIN 84 910 555 250 0 100.00% 0.00% 0.00% 3. Special resolution number 3: Remuneration of non-executive directors in respect of financial years 2018 and 2019 FOR AGAINST ABSTAIN 84 910 805 0 0 100.00% 0.00% 0.00% 4. Ordinary resolution number 1: Adoption of the annual financial statements FOR AGAINST ABSTAIN 84 910 805 0 0 100.00% 0.00% 0.00% 5. Ordinary resolution number 2.1: Re-election of Mr MJ Husain as a non-executive director FOR AGAINST ABSTAIN 84 910 555 250 0 100.00% 0.00% 0.00% 6. Ordinary resolution number 2.2: Re-election of Mr. PE du Preez as a non-executive director FOR AGAINST ABSTAIN 84 910 805 0 0 100.00% 0.00% 0.00% 7. Ordinary resolution number 3.1: Re-election of Mr BW Smith to the Audit, Risk and Compliance Committee FOR AGAINST ABSTAIN 84 910 805 0 0 100.00% 0.00% 0.00% 8. Ordinary resolution number 3.2: Re-election of Mr PE du Preez to the Audit, Risk and Compliance Committee FOR AGAINST ABSTAIN 84 910 805 0 0 100.00% 0.00% 0.00% 9. Ordinary resolution number 3.3: Re-election of Mr NMS Hadjee to the Audit, Risk and Compliance Committee FOR AGAINST ABSTAIN 84 910 805 0 0 100.00% 0.00% 0.00% 10. Ordinary resolution number 4: Reappointment of external auditors FOR AGAINST ABSTAIN 84 910 805 0 0 100.00% 0.00% 0.00% 11. Ordinary resolution number 5: External auditors’ remuneration FOR AGAINST ABSTAIN 84 910 805 0 0 100.00% 0.00% 0.00% 12. Ordinary Resolution Number 6: Non-binding advisory vote on the remuneration policy of the Company FOR AGAINST ABSTAIN 84 910 805 0 0 100.00% 0.00% 0.00% 13. Ordinary resolution number 7: General authority to issue shares for cash FOR AGAINST ABSTAIN 84 910 805 0 0 100.00% 0.00% 0.00% 18 June 2018 Johannesburg Sponsor: Bridge Capital Advisors Proprietary Limited Date: 18/06/2018 02:10:00 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.