Results of General Meeting Brainworks Limited (Incorporated in the Republic of Mauritius) (Registration number: 115883 C1/GBL) Share Code: BWZ ISIN: MU0548S00000 (“Brainworks” or “the Company”) RESULTS OF GENERAL MEETING Further to the circular distributed to shareholders on 27 September 2019, and using the terms defined therein unless otherwise stated, shareholders are advised that the ordinary and special resolutions set out below were approved by the requisite majority of votes at the general meeting of the Company’s ordinary shareholders held today, 1 November 2019. The total number of Brainworks’ ordinary shares in issue is 105 733 671 (including 7 775 000 treasury shares). Resolutions Shares voted Votes For Number % (1) % (2) Ordinary resolution number 1 22 075 658 (3) 20.88% 100% Approval of the Specific Issue of shares to the 2017 Lenders Ordinary resolution number 2 82 996 734 78.50% 100% Approval of the Specific Issue of shares to the 2018 Lender Ordinary resolution number 3 22 611 223 (3) 21.39% 100% Approval of the Specific Issue of shares to the Blue Air Capital and Red Rock Capital Ordinary resolution number 4 61 221 076 57.90% 100% Approval of the Specific Issue of shares to the Consortium Lenders Special resolution number 1 83 296 734 78.78% 100% Approval of the change of name of the company to Arden Capital Limited Notes: 1. As a percentage of total ordinary shares in issue. 2. As a percentage of shares voted. 3. The total number of shares voted in person/represented by proxy on the ordinary resolutions exclude the votes of related parties and their associates. 4. There were no abstentions or votes against the resolutions. Grand Baie, Mauritius 1 November 2019 Sponsor Questco Corporate Advisory Proprietary Limited Date: 01/11/2019 02:15:00 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.