Results of Scheme Meeting GLOBAL ASSET MANAGEMENT LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2002/003192/06) Share Code: GAM ISIN: ZAE000173498 ("Global") RESULTS OF SCHEME MEETING 1. Introduction Shareholders are advised that, at the Scheme Meeting held on Tuesday, 30 April 2019, the special and ordinary resolution set out in the Notice of Scheme Meeting (which was dispatched to shareholders together with the circular dated Thursday, 28 March 2019 (“Circular”)), were passed by the requisite eligible majority shareholders (being those set out in the Notice of Scheme Meeting in respect of each resolution). Words and expressions in this announcement shall have the same meaning as assigned to them in the Circular. 2. Results of Scheme Meeting Details of the results of the voting at the Scheme Meeting are set out below: Total number of Shares in issue 102 981 473 Total number of Shares eligible to vote in 3 333 116 respect of the Scheme Resolution (i.e. excluding the 99 648 357 Excluded Shares held by the Remaining Shareholders and the Voting Pool Shareholders) Total number of Shares eligible to vote in 102 981 473 respect of Ordinary Resolution 1 Total number of Shares present or represented 2 594 388, being 2.52% of the total issued share at the Scheme Meeting in person or by proxy capital of Global and 77.84% of the total voteable in respect of the Scheme Resolution share capital of Global Total number of Shares present or represented 54 121 315, being 52.55% of the total issued share at the Scheme Meeting in person or by proxy capital and the total voteable share capital of in respect of Ordinary Resolution 1 Global The following table reflects the resolutions proposed at the Scheme Meeting as well as the voting results in respect of each of the resolutions proposed: Total number Shares voted Shares voted Shares of Shares for against abstained Resolution proposed voted (% of total (% of total (% of total (excluding Shares voted) Shares voted) voteable abstentions) Shares) Special Resolution 1 2 594 388 2 589 988 4 400 - Implementation of the (99.83%) (0.17%) Scheme Ordinary Resolution 1 54 121 315 54 116 915 4 400 - Authorisation of directors (99.99%) (0.01%) 3. Conditions Precedent and remaining salient dates and times Shareholders will be advised once all the Conditions Precedent as set out in the Circular have been fulfilled. A finalisation announcement will be made in due course based on the indicative dates and times as detailed in the Circular. Johannesburg 30 April 2019 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 30/04/2019 05:02:00 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.