Results of Scheme Meeting of Shareholders BEIGE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/006871/06) (“Beige” or “the Group”) ISIN Code: ZAE 000034161 Share code: BEG RESULTS OF SCHEME MEETING OF SHAREHOLDERS Beige shareholders are referred to the announcement released on SENS on Tuesday, 12 July 2016 and in the press on Thursday, 14 July 2016 wherein they were advised that the board of directors of Beige has received a firm intention offer from The Lion Match Company (“the Offeror”) to acquire all Beige ordinary shares that the Offeror does not already own, to be implemented by means of a scheme of arrangement in terms of section 114 of the Companies Act, 2008 (“the Offer”). Shareholders are also referred to the circular dated 20 July 2016, setting out the terms and conditions of the Offer and details of the Scheme (“the Circular”). Shareholders are advised that at the Scheme Meeting of Beige shareholders held on Wednesday, 24 August 2016, the special and ordinary resolutions were approved by the requisite majority of shareholders present and represented by proxy and eligible to vote. Shareholders should note that the implementation of the Scheme remains conditional upon the fulfilment of certain conditions precedent as detailed in the Circular. Further announcements will be released once the remaining conditions precedent have been fulfilled. Shareholders are reminded of the salient dates and times of the Offer of 3 cents per share as detailed in the Circular: If the Scheme is approved by Beige Shareholders at the Scheme Meeting with sufficient voting rights such that no Shareholder may require the Company to obtain Court approval for the Scheme as contemplated in section 115(3)(a) of the Companies Act: 2016 Last date on which Beige Shareholders can make application to the Thursday, 8 September Court in terms of section 115(3)(b) of the Companies Act on (At least 10 business days after Scheme Meeting) Last date for Beige to give notice of adoption of the special resolution Thursday, 8 September approving the Scheme to Beige Shareholders objecting to the special resolution on If no Beige Shareholders exercise their rights in terms of section 115 of the Companies Act: Finalisation Date announcement expected to be released on SENS on Monday, 12 September (will be announced by 11h00) Finalisation Date announcement expected to be published in the press Tuesday, 13 September on or about Scheme LDT, being the last day to trade Beige Shares on the JSE in order Tuesday, 20 September to be recorded in the Register to receive the Scheme Consideration, on Suspension of listing of Beige Shares on the JSE expected to take place Wednesday, 21 September at the commencement of trade on Expected Scheme Consideration Record Date, being the date on which Friday, 23 September Scheme Participants must be recorded in the Register to receive the Scheme Consideration, by close of trade on Expected Implementation Date of the Scheme Monday, 26 September Expected payment and delivery of Scheme Consideration Monday, 26 September Expected termination of listing of Beige Shares at commencement of Tuesday, 27 September trade on the JSE Johannesburg 24 August 2016 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 24/08/2016 05:50:00 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.