Report on Annual General Meeting proceedings TRANSPACO LIMITED (Incorporated in the Republic of South Africa) (Registration number 1951/000799/06) Share code: TPC & ISIN: ZAE000007480 ("Transpaco") REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS Transpaco shareholders are advised that at the Annual General Meeting of members held on Friday, 6 December 2019, all the ordinary and special resolutions as proposed in the Notice of Annual General Meeting were approved by the requisite majority of members. In this regard, Transpaco confirms the voting statistics from the Annual General Meeting as follows: % Number Total number of shares that could be voted at meeting 100% 32 886 359 Total number of shares present/represented including proxies at 86% 28 261 096 meeting (including shares abstained from voting) Total number of members present 14 Votes in % Votes % Abstentions % of favour against issued share capital Special Resolution Number 1 27 610 601 97.82% 614 995 2.18% 35 500 0.11% To authorise the company or its subsidiaries to repurchase the company’s shares Special Resolution Number 2 26 940 945 95.45% 1 283 851 4.55% 36 300 0.11% To approve the fees of non- executive directors Special Resolution Number 3 22 685 589 80.37% 5 539 207 19.63% 36 300 0.11% To approve financial assistance in terms of section 45 of the Companies Act 71 of 2008 Ordinary Resolution Number 1 28 225 596 100.00% 0 0.00% 35 500 0.11% To receive and adopt the annual financial statements for the year ended 30 June 2019 Ordinary Resolution Number 2 26 917 268 95.37% 1 307 528 4.63% 36 300 0.11% To place under the control of directors 5% of the unissued shares Ordinary Resolution Number 3 26 917 268 95.37% 1 307 528 4.63% 36 300 0.11% To issue shares for cash in accordance with the terms of this resolution Ordinary Resolution Number 4 28 224 796 100.00% 0 0.00% 36 300 0.11% To authorise the signature of documentation Ordinary Resolution Number 5.1 22 685 589 80.37% 5 539 207 19.63% 36 300 0.11% To approve the company’s remuneration policy Ordinary Resolution Number 5.2 23 969 440 84.92% 4 255 356 15.08% 36 300 0.11% To approve the company’s implementation report Ordinary Resolution Number 6 27 610 601 97.82% 614 995 2.18% 35 500 0.11% To re-elect HA Botha as a director of the company Ordinary Resolution Number 7 27 828 274 98.59% 397 322 1.41% 35 500 0.11% To re-elect SP van der Linde as a director of the company Ordinary Resolution Number 8 26 941 745 95.45% 1 283 851 4.55% 35 500 0.11% To re-elect DJJ Thomas as a director of the company Ordinary Resolution Number 9.1 27 610 601 97.82% 614 995 2.18% 35 500 0.11% To appoint HA Botha as a member of the Audit and Risk Committee Ordinary Resolution Number 9.2 28 007 923 99.23% 217 673 0.77% 35 500 0.11% To appoint B Mkhondo as a member of the Audit and Risk Committee Ordinary Resolution Number 9.3 27 828 274 98.59% 397 322 1.41% 35 500 0.11% To appoint SP van der Linde as a member of the Audit and Risk Committee Ordinary Resolution Number 10 23 970 240 97.50% 614 995 2.50% 3 675 861 11.18% To re-appoint Ernst & Young as auditors of the company with Amelia Young being the individual registered auditor Johannesburg 6 December 2019 Sponsor Investec Bank Limited Date: 06-12-2019 12:58:00 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.