Results of the annual general meeting and changes to the board of directors AdBEE (RF) LIMITED (Incorporated in the Republic of South Africa) Registration number 2015/054070/06 ISIN: ZAE000204897 Share Code: ADE ("AdBEE" or "the Company") RESULTS OF THE ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD OF DIRECTORS RESULTS OF THE ANNUAL GENERAL MEETING Securities holders are advised that at the annual general meeting ("AGM") held today, 22 November 2018, convened in terms of the notice of the AGM forming part of the audited annual financial statements, all the ordinary resolutions proposed at the AGM were passed by the requisite majority of votes, as follows: Votes cast disclosed as a percentage in relation to the total number of Shares voted Shares abstained shares voted at the meeting disclosed as a disclosed as a Number of percentage in percentage in Resolutions shares voted relation to the total relation to the total issued share capital* issued share capital* For Against Ordinary Resolution 1 To elect Ms Boyce as a non-executive director of the Company, who is retiring in terms of the MOI and makes 100% - 1 100% - himself available for re-election. Ordinary Resolution 2 To re-elect Mr Raphiri as a non-executive director of the Company, who is retiring by rotation in terms of the MOI 100% - 1 100% - and makes himself available for re-election. Ordinary Resolution 3 To re-elect the following Non-Executive Directors as Audit Committee members by way of separate resolutions: 3.1 Dr T Lesoli 100% - 1 100% - 3.3 Mr C Raphiri 100% - 1 100% - 3.4 Ms L Boyce 100% - 1 100% - Ordinary Resolution 4 To re-appoint EY as the independent external auditors of the Company for the ensuing year (the designated auditor 100% - 1 100% - being Mr Dave Cathrall) Ordinary Resolution 5 To authorise any one director of the Company and/or the Company Secretary to do all such things and sign all such documents (including any amendments thereto) to 100% - 1 100% - implement all the resolutions tabled and approved at this AGM. *Total issued share capital is 1. CHANGES TO THE BOARD OF DIRECTORS In accordance with the Listings Requirements of the JSE Limited, AdBEE securities holders are hereby notified that on Thursday, 22 November 2018, Mr Mpho Makwana tendered his resignation as a non-executive director and a member of the Audit Committee of AdBEE with immediate effect. Consequently, ordinary resolution number 3.2 in the Notice convening the AGM has been withdrawn. The Board is sincerely grateful to him for his contribution and leadership and wishes him well in his future endeavours. Johannesburg 22 November 2018 Sponsor Rand Merchant Bank (a Division of FirstRand Bank Limited) Date: 22/11/2018 05:31:00 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.