Results of Annual General Meeting MONTAUK HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2010/017811/06) (Share code: MNK & ISIN: ZAE000197455) ("MNK" or "the company") RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that at the annual general meeting of the Company held at 14:00 today, Thursday, 12 September 2019 at the registered offices of the Company, Suite 801, 76 Regent Road, Sea Point (“AGM”), all of the resolutions were passed by the requisite majorities of the Company’s shareholders. Votes for resoluti Votes on as a against Number of percent resolution shares age of as a Number of abstained total percentage shares as a number of total voted at percentage of number of Number of AGM as a of total shares shares shares percentage issued Resolutions proposed voted at voted at voted at of votable exercisable at the AGM AGM AGM AGM shares shares Ordinary resolution number 1: Retirement, re-election and confirmation of appointment of directors 1.1 Mr JA Copelyn 99.66% 0.34% 96 248 853 69.74% 0.00% 1.2 Mr M Ryan 99.87% 0.13% 96 248 853 69.74% 0.00% 1.3 Ms M Jacobson 95.72% 4.28% 96 248 853 69.74% 0.00% Ordinary resolution number 2: Re-appointment of external auditor 100.0% 0.00% 96 248 853 69.74% 0.00% Ordinary resolution number 3: Re-appointment of members of the audit and risk committee: 3.1 Mr MH Ahmed 99.85% 0.15% 96 248 853 69.74% 0.00% 3.2 Ms N Jappie 100.00% 0.00% 96 248 853 69.74% 0.00% 3.3 Mr B Raynor 100.00% 0.00% 96 248 853 69.74% 0.00% Ordinary resolution number 4: General authority over authorised but unissued shares 99.83% 0.17% 96 248 853 69.74% 0.00% Non-binding advisory vote 1: Non-binding advisory vote on the Company’s remuneration policy 95.70% 4.30% 96 248 853 69.74% 0.00% Non-binding advisory vote 2: Non-binding advisory vote on the Company’s implementation report on the remuneration policy 99.83% 0.17% 96 248 853 69.74% 0.00% Special resolution number 1: General authority to issue ordinary shares and options for cash 98.91% 1.09% 96 273 335 69.76% 0.00% Special number 2: Approval of annual fees to be paid to non- executive directors 100% 0.00% 96 248 853 69.74% 0.0% Special resolution number 3: General authority to repurchase Company shares 88.87% 11.13% 96 248 853 69.74% 0.00% Special resolution number 4: General approval of the provision of financial assistance in terms of Section 44 & Section 45 of the Company’s Act 84.74% 15.26% 96 248 853 69.74% 0.00% Ordinary resolution number 5: Directors’ authority to implement Company resolutions 100.00% 0.00% 96 248 853 69.74% 0.00% Note Total number of shares in issue as at the date of the AGM is 138 005 099; total number of shares that can be exercised at the meeting is 138 005 099. Cape Town 12 September 2019 Sponsor: Investec Bank Limited Date: 12/09/2019 02:55:00 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.