Report on proceedings at the annual general meeting SABVEST LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/003753/06) Share code: SBV – ordinary shares / SVN – ‘N’ ordinary shares ISIN: ZAE000006417 – ordinary shares / ISIN: ZAE000012043 – ‘N’ ordinary shares ("Sabvest” or “the Company”) REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING Shareholders are referred to the announcement released on the Stock Exchange News Service on 20 April 2020 and are advised that, at the annual general meeting (“AGM” or “the meeting”) of the shareholders of Sabvest held today, 4 May 2020, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, the Company confirms the voting statistics from the AGM as follows: Shareholders are advised that ordinary resolution 10 and special resolutions 4 and 5 were withdrawn due to the Sabvest Limited delisting taking place in May 2020. Total number of shares voted for and against and disclosed as a percentage in relation to the total issued share capital, for all resolutions: Total issued Total number of Percentage of share capital shares present or shares voted represented by proxy Ordinary shares * 8,487,646,500 5,975,544,000 70.40% ‘N’ ordinary shares * 24,276,919 9,098,506 37.48% * Each ordinary share has 500 votes and each ‘N’ ordinary share has one vote. Total number of Total number of Percentage of votes votes votes present or voted represented by proxy Total number of votes 8,511,923,419 5,984,642,506 70.31% Total number of members present: 8 Total number of abstentions: Shares voted disclosed as a Shares abstained percentage in relation to the Votes carried disclosed as a disclosed as a total issued share capital percentage in relation to the percentage in total number of shares voted at relation to the total Ordinary shares (“Ord”) Resolutions the meeting issued share capital N Ordinary shares (“N Ord”) For Against Ordinary resolutions 1. Re-election of Mrs DNM Mokhobo as director 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord 100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord 2. Re-election of Mr K Pillay as director 99.95% Ord 0.05% Ord 0.02% Ord 70.38% Ord 100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord 3. Re-election of Mr R Pleaner as director 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord 100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord 4. Re-appointment of Deloitte & Touche as 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord independent external auditors 100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord 5. Re-election of Audit Committee member - 99.95% Ord 0.05% Ord 0.02% Ord 70.38% Ord Ms L Mthimunye 100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord 6. Re-election of Audit Committee member - 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord Mrs D N M Mokhobo 100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord 7. Re-election of Audit Committee member - 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord Mr B J T Shongwe 100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord 8. Non-binding endorsement of Remuneration Policy. 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord 99.98% N Ord 0.02% N Ord 0.71% N Ord 36.77% N Ord 9. Non-binding endorsement of Remuneration 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord Implementation Report. 99.98% N Ord 0.02% N Ord 0.71% N Ord 36.77% N Ord 10. Placement of 1 million unissued ordinary shares and all unissued ‘N’ ordinary shares under the WITHDRAWN control of the directors and general authority to allot and issue 11. Authority to sign all documents required. 100.00% Ord 0.00% Ord 0.02% Ord 70.38% Ord 100.00% N Ord 0.00% N Ord 0.71% N Ord 36.77% N Ord Special resolutions 1. Approval of proposed non-executive directors’ 100.00% Ord 0.00% Ord 0.03% Ord 70.38% Ord remuneration for the year ending 31 December 99.98% N Ord 0.02% N Ord 0.71% N Ord 36.77% N Ord 2020. 2. Authority to provide financial assistance to 100.00% Ord 0.00% Ord 0.03% Ord 70.38% Ord any group company in terms of Section 45 of the 99.98% N Ord 0.02% N Ord 0.71% N Ord 36.77% N Ord Companies Act. 3. Authority to provide financial assistance 100.00% Ord 0.00% Ord 0.03% Ord 70.38% Ord to any group company in terms of Section 44 99.98% N Ord 0.02% N Ord 0.71% N Ord 36.77% N Ord of the Companies Act. 4. General authority to repurchase shares WITHDRAWN 5. General authority to allot and issue authorised but unissued securities for cash WITHDRAWN The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. Sandton 4 May 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 04-05-2020 02:31:00 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. 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