Results of the Annual General Meeting 2019 ELB GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1930/002553/06) (ISIN: ZAE000035101) (JSE Code: ELR) (“ELB” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING 2019 ELB is pleased to advise shareholders that all the ordinary and special resolutions set out in the notice of Annual General Meeting (“AGM”), were passed by the requisite majority of ordinary shareholders at the AGM held today, 21 November 2019. ELB has 32 502 894 ordinary shares in issue of which 20 944 107 were voted in person or by proxy at the AGM, representing 64%. Resolutions Votes Votes Abstained Shares voted For Against Number % (1) % (2) % (2) % (1) Ordinary Resolutions Ordinary resolution number 1.3: 20 944 007 64.44 91.80 8.20 0.00 Re-appointment of KPMG Inc. as the independent external auditors of the Company with Mr F von Eckardstein as the designated auditor. Re-election of directors Ordinary resolution number 1.4: 20 944 007 64.44 100.00 0.00 0.00 Re-election of Dr. SJ Meijers as an executive director. Ordinary resolution number 1.5: 20 944 007 64.44 100.00 0.00 0.00 Re-election of Mr MC Easter as an executive director. Ordinary resolution number 1.6: 20 944 007 64.44 100.00 0.00 0.00 Re-election of Dr. JP Herselman as an independent non-executive director. Ordinary resolution number 1.7: 20 944 007 64.44 100.00 0.00 0.00 Re-election of Ms. RS Nkabinde as an independent non-executive director. Re-election of members of the Audit and Risk Committee: Ordinary resolution number 1.8: 20 944 007 64.44 100.00 0.00 0.00 Re-election of Mr. IAR Thomson as Chairman and a member of the Audit and Risk Committee. Ordinary resolution number 1.9: 20 944 007 64.44 100.00 0.00 0.00 Re-election of Mr. T de Bruyn as a member of the Audit and Risk Committee. Ordinary resolution number 1.10: 20 944 007 64.44 100.00 0.00 0.00 Re-election of Dr. JP Herselman as a member of the Audit and Risk Committee. Ordinary resolution number 1.11: 20 944 007 64.44 100.00 0.00 0.00 Re-election of Ms B Makhunga as a member of the Audit and Risk Committee. Approval of the Company’s remuneration policy and implementation report Ordinary resolution number 1.12: 20 919 007 64.36 87.81 12.19 0.08 Non-binding advisory vote in respect of the Company’s remuneration policy. Ordinary resolution number 1.13: 20 918 935 64.36 95.98 4.02 0.08 Non-binding advisory vote in respect of the Company’s remuneration implementation report. Special Resolutions: Special resolution number 2.1: 20 919 007 64.36 100.00 0.00 0.08 General authority to provide financial assistance to related and inter-related companies. Special resolution number 2.2: 20 919 007 64.36 87.81 12.19 0.08 Approval of financial assistance in connection with the acquisition of shares, options or other securities. Special resolution number 2.3: 20 078 568 61.77 100.00 0.00 2.66 Approval of the non-executive directors’ remuneration for the calendar years ending 31 December 2019 and 2020. Special resolution number 2.4: 20 919 007 64.36 100.00 0.00 0.08 General authority to repurchase shares. Notes: 1. As a percentage of total ordinary shares in issue. 2. As a percentage of shares voted. Boksburg 21 November 2019 Sponsor Questco Corporate Advisory (Pty) Ltd Date: 21/11/2019 05:17:00 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.