BLUE LABEL TELECOMS LIMITED - Report on Annual General Meeting Proceedings

Report on Annual General Meeting Proceedings

Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
JSE Share code: BLU
ISIN: ZAE000109088
(“Blue Label” or “the Company”)


REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS

Blue Label shareholders are advised that at the Annual General Meeting (“AGM”) of members held on Thursday,
29 November 2018. In this regard, Blue Label confirms the voting results at the AGM as follows:

                                                                                   %            Number
 Total number of shares that could be voted at meeting                             100          913,655,873
 Total number of shares present/represented including proxies at meeting           86           781,714,491
 Total number of members present                                                                63


                                           Votes in       %         Votes          %       Abstentions  %
                                           Favour                   Against
 Ordinary Resolution Number 1              765,487,331    97.95     16,008,758     2.05    218,402      0.02
 Re-election of Director
 GD Harlow

 Ordinary Resolution Number 2              758,814,671    98.39     12,383,943     1.61    10,515,877   1.15
 Re-election of Director
 BM Levy

 Ordinary Resolution Number 3              777,126,946    99.44     4,369,143      0.56    218,402      0.02
 Re-election of Director
 SJ Vilakazi

 Ordinary Resolution Number 4              737,659,872    94.39     43,842,854     5.61    211,765      0.02
 Re-appointment of external Auditors

 Ordinary Resolution Number 5              749,011,589    95.84       32,484,500   4.16    218,402      0.02
 Appointment of Member and Chairman
 of the Audit, Risk and Compliance
 Committee
 JS Mthimunye

 Ordinary Resolution Number 6              749,024,962    95.85     32,471,127     4.15    218,402      0.02
 Appointment of Member of the Audit,
 Risk and Compliance Committee
 GD Harlow

 Ordinary Resolution Number 7              777,115,946    99.44     4,380,143      0.56    218,402      0.02
 Appointment of Member of the Audit,
 Risk and Compliance Committee
 SJ Vilakazi

 Ordinary Resolution Number 8
 Appointment of Member of the Audit,
 Risk and Compliance Committee
 P Mahanyele - WITHDRAWN

 Ordinary Resolution Number 9              571,721,411    73.16     209,703,415    26.84   289,665      0.03
 Non-binding advisory endorsement of
 the remuneration and reward policy

 Ordinary Resolution Number 10             572,585,004    73.28     208,833,822    26.72   295,665      0.03
 Non-binding advisory endorsement of
 implementation report

 Ordinary Resolution Number 11             781,324,962    99.99     90,599         0.01    298,930      0.03
 Directors authority to implement
 ordinary and special resolutions

 Special Resolution Number 1              768,347,936    98.33      13,070,890     1.67    295,665       0.03
 Remuneration of Non-executive
 Directors

 Special Resolution Number 2              755,381,130    96.67     26,051,396      3.33    281,965       0.03
 General Authority to Repurchase Shares

 Special Resolution Number 3               682,261,297   87.31     99,137,529      12.69   315,665       0.03
 Approval to grant financial assistance in
 terms of section 44 and section 45 of the
 Act

Shareholders who voted against the Remuneration and Reward Policy and the implementation of the Policy are invited to
engage with the company by submitting written questions/comments to the company secretary and investor relations via
email at janinev@blts.co.za and nicolaw@blts.co.za by or on before close of business on Friday, 7 December 2018.


Sandton
30 November 2018

Sponsor
Investec Bank Limited

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