Results of the Annual General Meeting Comair Limited (Incorporated in the Republic of South Africa) (Registration number 1967/006783/06) Share code: COM ISIN: ZAE000029823 ("Comair" or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that the results of the voting at the annual general meeting of the Company held at 12h00 today, Friday, 16 November 2018 at Comair’s Operations Building, Corner Whirlwind and Fortress Roads, Rhodesfield, 1619, (“AGM”), are as follows: Votes Votes for against resolution resolution as a as a Number of Number of percentage percentage shares shares of total of total voted at abstained number of number of Number of AGM as a as a Resolutions shares shares shares percentage percentage proposed at the voted at voted at voted at of shares in of shares in AGM AGM AGM AGM issue issue Ordinary resolution number 1: Consider the Annual Financial Statements 99.999% 0.001% 401 088 899 85.46% 0.03% Ordinary resolution number 2: Re- appointment of external auditors 98.81% 1.19% 397 084 460 84.61% 0.89% Ordinary resolution number 3.1: To re- elect MD Moritz as a director 98.76% 1.24% 401 114 869 85.47% 0.03% Ordinary resolution number 3.2: To re- elect ER Venter as a director 99.999% 0.001% 401 114 869 85.47% 0.03% Ordinary resolution number 3.3: To re- elect KE King as a director 99.999% 0.001% 401 114 869 85.47% 0.03% Ordinary resolution number 3.4: To re- elect NB Sithole as a director 99.99% 0.01% 400 433 279 85.32% 0.17% Ordinary resolution number 3.5: To re- 99.99% 0.01% 400 433 279 85.32% 0.17% elect SL Doyle as a director Ordinary resolution number 4.1: To appoint N Maharajh as a member of the audit committee 99.99% 0.01% 401 090 119 85.46% 0.03% Ordinary resolution number 4.2: To appoint RS Ntuli as a member of the audit committee 99.53% 0.47% 401 090 119 85.46% 0.03% Ordinary resolution number 4.3: To appoint P Mahanyele as a member of the audit committee 99.99% 0.01% 401 090 119 85.46% 0.03% Ordinary resolution number 4.4: To appoint NB Sithole as a member of the audit committee 99.99% 0.01% 396 404 090 84.46% 1.03% Ordinary resolution number 4.5: To appoint SL Doyle as a member of the audit committee 99.99% 0.01% 396 404 090 84.46% 1.03% Ordinary resolution number 5: Non- binding endorsement of the Company’s remuneration policy 98.69% 1.31% 401 088 910 85.46% 0.03% Ordinary resolution number 6: Non- binding endorsement of the Company’s Implementation Report on the remuneration policy 99.70% 0.30% 401 088 765 85.46% 0.03% Special resolution number 1: Approval of non-executive directors remuneration 2017/2018 98.99% 1.01% 401 099 319 85.46% 0.03% Special resolution number 2: Approval of non-executive directors remuneration 2018/2019 98.99% 1.01% 401 099 319 85.46% 0.03% Special resolution number 3: General authority to repurchase shares 96.98% 3.02% 401 100 347 85.46% 0.03% Special resolution number 4: General authority to provide financial assistance to related and inter- related companies and corporations 99.75% 0.25% 401 099 319 85.46% 0.03% Special resolution number 5: Authorisation for company secretary or other director to sign necessary documents to give effect to resolutions 99.999% 0.001% 401 114 869 85.47% 0.03% Note: Total number of shares in issue as at the date of the AGM was 469 330 865. Bonaero Park 16 November 2018 Sponsor PSG Capital IMPORTANT NOTICE TO FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS IN COMAIR LIMITED (“COMAIR”) SHOULD NOTE THAT, IN ORDER TO ENABLE COMAIR (AS A LICENSED AIR SERVICES OPERATOR IN SOUTH AFRICA) TO REMAIN COMPLIANT WITH THE FOREIGN OWNERNSHIP RESTRICTION CONTAINED IN SECTIONS 16 (4) ( c ) AND 19(a) OF THE AIR SERVICES LICENSING ACT, NO. 115 OF 1990, THE VOTING RIGHTS OF SHAREHOLDERS MAY BE DECREASAED PROPORTIONATELY SUCH THAT THE VOTING RIGHTS OF FOREIGN SHAREHOLDERS DO NOT, IN AGGREGATE, EXCEED 24.99%. FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS ARE REFERRED TO COMAIR’S MEMORANDUM OF INCORPORATION AND WEBSITE (www.comair.co.za) FOR FURTHER DETAIL. IF FOREIGN SHAREHOLDERS OR PROSPECTIVE INVESTORS ARE IN ANY DOUNT AS TO WHAT ACTION TO TAKE THEY SHOULD SEE ADVICE FROM THEIR BROKER, ATTORNEY OR OTHER PROFESSIONAL ADVISER. Date: 16/11/2018 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.