Results of General Meeting VISUAL INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2006/030975/06) (“Visual”) ISIN Code: ZAE000187407 Share Code: VIS RESULTS OF GENERAL MEETING Shareholders are referred to the announcement released on SENS on 28 December 2018 and the circular to Visual shareholders dated 16 May 2019 (“the Circular”) regarding the disposal by Visual of Stellendale Junction to Makoro. Capitalised terms used in this announcement bear the same meaning as the capitalised and defined terms used in the Circular. Shareholders are advised that, at the General Meeting held on 13 June 2019, as convened in terms of the Notice of General Meeting incorporated in the Circular, all the resolutions required to approve the Disposal were passed by the requisite majority of shareholders who were entitled to vote on the resolutions. Details of the results of the voting at the General Meeting are set out below: Total number of Shares in issue 374 265 547 Total number of Shares eligible to vote in respect of Ordinary Resolution Number 1 (i.e. excluding the 8 616 726 Shares held in aggregate by the Purchaser and its associates, as disclosed in the Circular) 365 648 821 Total number of Shares eligible to vote in respect of Ordinary Resolution Number 2 374 265 547 Total number of Shares present or represented at the General Meeting in 167 602 207, being 44.78% of the total issued person or by proxy in respect of Ordinary share capital of Visual and 45.84% of the Resolution Number 1 total voteable share capital of Visual Total number of Shares present or represented at the General Meeting in 167 602 207, being 44.78% of the total issued person or by proxy in respect of Ordinary share capital and the total voteable share Resolution Number 2 capital of Visual The following table reflects the resolutions proposed at the General Meeting as well as the voting results in respect of each of the resolutions proposed: Total Abstain number of For Against (% of issued Resolution proposed votes cast (% of total (% of total share (excluding votes cast) votes cast) capital) abstentions) Ordinary Resolution Number 1 167 478 835 167 478 835 - 123,372 Approval of the Disposal (100%) (0.03%) Ordinary Resolution Number 2 Directors’ authority to sign 167 478 835 167 478 835 - 123,372 necessary documentation (100%) (0.03%) By order of the Board. Cape Town 13 June 2019 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 13/06/2019 04:46:00 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.