Results Of The General Meeting ZEDER INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2006/019240/06) Share code: ZED ISIN: ZAE000088431 (“Zeder” or “the Company”) RESULTS OF THE GENERAL MEETING Shareholders are hereby advised that at the general meeting of the Company held at 10:00 on Monday, 30 September 2019 at Spier Wine Estate, Baden Powell Drive, Stellenbosch (“GM”), all of the resolutions were passed by the requisite majorities of the Company’s shareholders. Details of the results of the voting at the GM are as follows: Votes Votes for against resolution as resolution as Number of Number of a percentage a percentage shares voted shares of total of total at GM as a abstained as Resolutions number of number of Number of percentage a percentage proposed at the shares voted shares voted shares voted of shares in of shares in GM at GM at GM at GM issue issue Ordinary Resolution Number 1: Approval of the Zeder Disposal in terms of the JSE Listings Requirements 99.65% 0.35% 1 304 195 661 76.04% 0.07% Special Resolution Number 1: Approval of the Zeder Disposal in terms of the Companies Act 99.65% 0.35% 1 304 195 661 76.04% 0.07% Special Resolution Number 2: Approval of the payment of fees to the members of the Independent Board 99.64% 0.36% 1 304 165 750 76.04% 0.07% Note Total number of shares in issue as at the date of the GM was 1 715 179 121. Shareholders are advised that the overarching transaction (of which the Zeder Disposal forms part) is still subject to various conditions precedent including, inter alia, the approval of Pioneer Food Group Limited shareholders. Stellenbosch 30 September 2019 Sponsor and Transaction Adviser PSG Capital Date: 30/09/2019 01:36:00 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.