Results Of The Annual General Meeting Of Zeder ZEDER INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) Registration number: 2006/019240/06 Share code: ZED ISIN code: ZAE000088431 LEI: 37890022AF5FD117D649 (“Zeder” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING OF ZEDER Shareholders are hereby advised that at the annual general meeting of the Company held at 09:00 today, Friday, 17 July 2020 via electronic communication (“AGM”), all of the resolutions were passed by the requisite majorities of the Company’s shareholders. Details of the results of the voting at the AGM are as follows: Votes Votes for against resolution resolution as a as a Number of Number of percentage percentage shares shares of total of total voted at abstained number of number of AGM as a as a Resolutions shares shares Number of percentag percentage proposed at the voted at voted at shares voted e of shares of shares in AGM AGM AGM at AGM in issue issue Ordinary resolution 98.52% 1.48% 1,307,741,798 77.73% 0.06% number 1: To re-elect Prof ASM Karaan as director Ordinary resolution 97.48% 2.52% 1,307,741,954 77.73% 0.06% number 2: To re-elect Mrs NS Mjoli-Mncube as director Ordinary resolution 80.63% 19.37% 1,306,274,458 77.64% 0.15% number 3: To re-elect Mr CA Otto as director Ordinary resolution 96.01% 3.99% 1,307,741,798 77.73% 0.06% number 4: To re-appoint Mr GD Eksteen as a member of the audit and risk committee Ordinary resolution 100.00% 0.00% 1,307,626,753 77.72% 0.07% number 5: To re-appoint Mr RM Jansen as a member of the audit and risk committee Ordinary resolution 91.60% 8.40% 1,306,389,503 77.65% 0.14% number 6: To re-appoint Mr CA Otto as a member of the audit and risk committee Ordinary resolution 96.78% 3.22% 1,307,741,798 77.73% 0.06% number 7: To re-appoint Mrs NS Mjoli-Mncube as a member of the audit and risk committee Ordinary resolution 85.47% 14.53% 1,307,741,798 77.73% 0.06% number 8: To re-appoint Pricewaterhouse- Coopers Inc. as the auditor Ordinary resolution 82.03% 17.97% 1,307,711,798 77.73% 0.06% number 9: Non-binding endorsement of Zeder’s remuneration policy Ordinary resolution 81.81% 18.19% 1,307,711,798 77.73% 0.06% number 10: Non-binding endorsement of Zeder’s implementation report on the remuneration policy Ordinary resolution 94.70% 5.30% 1,307,741,798 77.73% 0.06% number 11: General authority to issue shares for cash Special resolution 99.00% 1.00% 1,307,711,250 77.73% 0.06% number 1: Remuneration of non-executive directors Special resolution 98.04% 1.96% 1,307,741,250 77.73% 0.06% number 2: Inter-company financial assistance Special resolution 93.26% 6.74% 1,307,741,250 77.73% 0.06% number 3: Financial assistance for the subscription and/or purchase of shares in the company or a related or inter- related company Special resolution 98.86% 1.14% 1,307,750,250 77.73% 0.06% number 4: Share repurchases by the company and its subsidiaries Note: Total number of shares in issue (net of treasury shares) as at 10 July 2020, the record date to be eligible to vote at the AGM, was 1 682 452 652. Stellenbosch 17 July 2020 Sponsor PSG Capital Joint independent sponsor UBS South Africa Date: 17-07-2020 04:40:00 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.