Results of the Annual General Meeting ELB GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 1930/002553/06) ISIN: ZAE000035101 JSE Code: ELR (“ELB” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING ELB is pleased to advise shareholders that all the ordinary and special resolutions set out in the notice of Annual General Meeting (“AGM”), were passed by the requisite majority of ordinary shareholders at the AGM held today, 22 November 2018. ELB has 32 502 894 ordinary shares in issue of which 19 746 951 were voted at the AGM, representing 61%. Resolutions Shares voted Votes Votes Abstained For Against Number % (1) % (2) % (2) % (1) Ordinary resolution number 1.3: 19 515 751 60.04 95.96 4.04 0.71 Re-appointment of KPMG Inc. as the independent external auditors of the Company with Mr F von Eckardstein as the designated auditor. Confirmation of directors’ appointments: Ordinary resolution number 1.4: 19 516 451 60.05 99.99 0.01 0.71 Confirmation of the appointment of Ms B Makhunga as an independent non- executive director. Ordinary resolution number 1.5: 19 516 451 60.05 99.99 0.01 0.71 Confirmation of the appointment of Ms R Nkabinde as an independent non- executive director. Re-election of directors: Ordinary resolution number 1.6: 19 516 451 60.05 99.99 0.01 0.71 Re-election of Mr PJ Blunden as an executive director. Ordinary resolution number 1.7: 19 516 451 60.05 99.99 0.01 0.71 Re-election of Mr CJ Smith as an executive director. Ordinary resolution number 1.8: 19 516 451 60.05 99.99 0.01 0.71 Re-election of Ms B Makhunga as an independent non-executive director. Ordinary resolution number 1.9: 19 516 451 60.05 99.99 0.01 0.71 Re-election of Mr JC van Zyl as an independent non-executive director. Re-election of members of the Audit and Risk Committee: Ordinary resolution number 1.10: 19 516 451 60.05 99.99 0.01 0.71 Re-election of Mr IAR Thomson as Chairman and a member of the Audit and Risk Committee. Ordinary resolution number 1.11: 19 516 451 60.05 99.99 0.01 0.71 Re-election of Mr T de Bruyn as a member of the Audit and Risk Committee. Ordinary resolution number 1.12: 19 516 451 60.05 87.87 12.13 0.71 Re-election of Dr JP Herselman as a member of the Audit and Risk Committee. Ordinary resolution number 1.13: 19 516 451 60.05 99.99 0.01 0.71 Election of Ms B Makhunga as a member of the Audit and Risk Committee. Ordinary resolution number 1.14: 19 516 451 60.05 87.87 12.13 0.71 Non-binding advisory vote in respect of the Company’s remuneration policy. Ordinary resolution number 1.15: 19 516 379 60.05 87.87 12.13 0.71 Non-binding advisory vote in respect of the Company’s remuneration implementation report. Special resolution number 2.1: 19 516 451 60.05 99.99 0.01 0.71 General authority to provide financial assistance to related and inter-related companies. Special resolution number 2.2: 18 980 825 58.40 85.93 14.07 2.36 Approval of financial assistance in connection with the acquisition of shares, options or other securities. Special resolution number 2.3: 18 676 012 57.46 99.99 0.01 3.29 Approval of the non-executive directors’ remuneration for the calendar years ending 31 December 2018 and 2019. Special resolution number 2.4: 19 516 451 60.05 100.00 0.00 0.71 General authority to repurchase shares. Notes: 1. As a percentage of total ordinary shares in issue. 2. As a percentage of shares voted. Boksburg 22 November 2018 Sponsor Questco Corporate Advisory (Pty) Ltd Date: 22/11/2018 03:40:00 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.