Results of Annual General Meeting EFFICIENT GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 2006/036947/06) Share code: EFG ISIN: ZAE000151841 (“Efficient” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that, at the annual general meeting of Efficient held on 28 February 2020, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 69 268 446, representing 59.23% of the total issued share capital of the same class of Efficient shares. The resolutions proposed at the meeting, together with the percentage of shares abstained, as well as the percentage of votes carried for and against each resolution, are set out below: % of votes % of votes carried for the against the % of shares Resolution resolution resolution abstained Ordinary Resolution number 1: Confirmation of appointment of non-executive directors 1.1. Confirmation of appointment of Erol Zeki as a non- executive director 100.00 0.00 0.00 1.2. Confirmation of appointment of Bongiwe Momoza as alternate director to Erol Zeki 100.00 0.00 0.00 Ordinary resolution number 2: Re-election of non- executive directors 2.1. Re-election of Steve Booysen as an independent non-executive director 100.00 0.00 0.00 2.2. Re-election of Babalwa Ngonyama as an independent non-executive director 100.00 0.00 0.00 Ordinary resolution number 3: Re-appointment of external auditor 100.00 0.00 0.00 Ordinary resolution number 4: Re-appointment of audit and risk committee members 4.1. Re-appointment of Joe Rosen as a member and chairperson of the audit and risk committee 100.00 0.00 0.00 4.2. Re-appointment of Zee Cele as a member of the audit and risk committee 100.00 0.00 0.00 4.3. Re-appointment of Babalwa Ngonyama as a member of the audit and risk committee 100.00 0.00 0.00 Ordinary resolution number 5: Advisory endorsement of remuneration policy and implementation report 5.1. Endorsement of remuneration policy 99.99 0.01 0.00 5.2. Endorsement of remuneration implementation report 99.99 0.01 0.00 Ordinary resolution number 6: Placement of authorised but unissued shares under the directors’ control 99.99 0.01 0.00 Ordinary resolution number 7: General authority to issue ordinary shares for cash 100.00 0.00 0.00 Ordinary resolution number 8: Signing authority 100.00 0.00 0.00 Special resolution number 1: General authority to repurchase shares 99.99 0.01 0.00 Special resolution number 2: Approval of non- executive directors’ fees 99.99 0.01 0.00 Special resolution number 3: General authority to provide financial assistance 100.00 0.00 0.00 Johannesburg 28 February 2020 Sponsor Merchantec Capital Date: 28-02-2020 12:15:00 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.