Results of the annual general meeting AVIOR CAPITAL MARKETS HOLDINGS LIMITED Incorporated in the Republic of South Africa Registration number: 2015/086358/06 Share Code: AVR ISIN: ZAE000211637 (“Avior Holdings” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders of Avior Holdings (“Shareholders”) are hereby advised that all the ordinary and special resolutions tabled at the annual general meeting of Avior Holdings held on Tuesday, 09 October 2018 ("AGM"), were passed by the requisite majority of votes of Shareholders present in person or represented by proxy at the AGM. The total number of shares present/represented, including proxies, at the AGM was 94.44% of Avior Holdings’ issued share capital as at Friday, 28 September 2018, being the Voting Record Date. The detailed voting results of the AGM are set out below: Votes for Votes Number of Number of Number of resolution against shares shares shares as a resolution voted at the voted as a abstained percentage as a AGM percentage as a of total percentage of the votes percentage number of of total exercisable of the votes shares number of at the AGM exercisable voted at the shares at the AGM AGM voted at the AGM (%) (%) (%) (%) Ordinary Resolutions ORDINARY 138 146 362 - 138 146 362 138 146 362 680 502 RESOLUTION being 100% being being 0.49% NUMBER 1.1: Re- 94.44% election of Marilyn Ramplin as director ORDINARY 138 146 362 - 138 146 362 138 146 362 680 502 RESOLUTION being 100% being being 0.49% NUMBER 1.2: Re- 94.44% election of Peter Koutromanos as director ORDINARY 138 146 362 - 138 146 362 138 146 362 680 502 RESOLUTION being 100% being being 0.49% NUMBER 1.3: Re- 94.44% election of Kevin Mattison as director ORDINARY 138 146 362 - 138 146 362 138 146 362 680 502 RESOLUTION being 100% being being 0.49% NUMBER 1.4: Re- 94.44% election of Justin Larsen as director ORDINARY 138 146 362 - 138 146 362 138 146 362 680 502 RESOLUTION being 100% being being 0.49% NUMBER 2: Re- 94.44% election of Thabo Mokgatlha as director ORDINARY 138 146 362 - 138 146 362 138 146 362 680 502 RESOLUTION being 100% being being 0.49% NUMBER 3: Re- 94.44% election of Stephan Price as director ORDINARY 138 146 362 - 138 146 362 138 146 362 680 502 RESOLUTION being 100% being being 0.49% NUMBER 4: 94.44% Appointment/Re- appointment of the members of the audit and risk committee: Thabo Mokgatlha ORDINARY 138 146 362 - 138 146 362 138 146 362 680 502 RESOLUTION being 100% being being 0.49% NUMBER 5: 94.44% Appointment/Re- appointment of the members of the audit and risk committee: Stephan Price ORDINARY 138 146 362 - 138 146 362 138 146 362 680 502 RESOLUTION being 100% being being 0.49% NUMBER 6: 94.44% Appointment/Re- appointment of the members of the audit and risk committee: Marilyn Ramplin ORDINARY 138 146 362 - 138 146 362 138 146 362 680 502 RESOLUTION being 100% being being 0.49% NUMBER 7: Re- 94.44% Appointment of Auditor ORDINARY 134 873 362 3 273 000 138 146 362 138 146 362 680 502 RESOLUTION being being 2.37% being being 0.49% NUMBER 8: Non- 97.63% 94.44% binding endorsement of the remuneration policy ORDINARY 136 003 362 2 143 000 138 146 362 138 146 362 680 502 RESOLUTION being being 1.55% being being 0.49% NUMBER 9: Non- 98.45% 94.44% binding advisory vote on the implementation report and remuneration policy ORDINARY 136 003 362 2 143 000 138 146 362 138 146 362 680 502 RESOLUTION being being 1.55% being being 0.49% NUMBER 10: General 98.45% 94.44% Authority to Issue Ordinary Shares for Cash Special Resolutions SPECIAL 138 146 362 - 138 146 362 138 146 362 680 502 RESOLUTION being 100% being being 0.49% NUMBER 1: 94.44% Remuneration of non- executive directors SPECIAL 138 146 362 - 138 146 362 138 146 362 680 502 RESOLUTION being 100% being being 0.49% NUMBER 2:Inter- 94.44% company financial assistance SPECIAL 138 146 362 - 138 146 362 138 146 362 680 502 RESOLUTION being 100% being being 0.49% NUMBER 3: Financial 94.44% assistance for the subscription and/or purchase of shares in the Company or a related or inter-related company SPECIAL 136 003 362 2 143 000 138 146 362 138 146 362 680 502 RESOLUTION being being 1.55% being being 0.49% NUMBER 4: Share buy- 98.45% 94.44% back by Avior Capital Markets Holdings and its subsidiaries Johannesburg 11 October 2018 DESIGNATED ADVISOR: Pallidus Capital Proprietary Limited Date: 11/10/2018 02:55:00 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.