Results of Meetings ELB GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 1930/002553/06) ISIN: ZAE000035101 JSE Code: ELR (“ELB” or “the Company”) RESULTS OF MEETINGS ANNUAL GENERAL MEETING Shareholders are advised that at the Annual General Meeting of ELB shareholders held today, 23 November 2017, the special and ordinary resolutions proposed thereat, were approved by the requisite majority of votes as set out below. The total number of ELB ordinary shares in issue is 32 518 579 shares of which 16 948 676 shares were voted at the Annual General Meeting, representing 52%. Resolutions: Shares voted Votes Vote for Votes Abstained against Number % (1) % (1) % (2) % (2) Ordinary resolution number 1.3: 15 241 126 46.87 5.21 56.64 43.36 Re-appointment of KPMG, as external auditor, with Mr LP Fourie as the individual designated auditor. Re-election of directors: 15 241 126 46.87 5.21 100.00 0.00 Ordinary resolution number 1.4: Re-election of Mr AG Fletcher as an executive director. Ordinary resolution number 1.5: 16 935 226 52.08 0.00 100.00 0.00 Re-election of Mr MV Ramollo as an executive director. Ordinary resolution number 1.6: 16 935 226 52.08 0.00 99.99 0.01 Re-election of Mr IAR Thomson as an independent non-executive director. Ordinary resolution number 1.7: 16 935 226 52.08 0.00 99.99 0.01 Re-election of Mr T de Bruyn as an independent non-executive director. Re-election of members of the Audit 16 935 226 52.08 0.00 99.99 0.01 and Risk Committee: Ordinary resolution number 1.8: Re-election of Mr IAR Thomson as a member and the Chairman of the Audit and Risk Committee. Ordinary resolution number 1.9: 16 935 226 52.08 0.00 99.99 0.01 Re-election of Dr JP Herselman as a member of the Audit and Risk Committee. Ordinary resolution number 1.10: 16 935 226 52.08 0.00 99.99 0.01 Re-election of Mr T de Bruyn as a member of the Audit and Risk Committee. Advisory endorsement – non-binding 15 237 654 46.86 5.22 100.00 0.00 advisory votes: Ordinary resolution number 1.11: Approval of the Company’s remuneration policy. Ordinary resolution number 1.12: 15 237 654 46.86 5.22 100.00 0.00 Approval of the Company’s remuneration implementation report. Special resolution number 2.1: 16 930 226 52.06 0.02 100.00 0.00 General authority to provide financial assistance to related and inter-related companies. Special resolution number 2.2: 16 935 154 52.08 0.00 94.50 5.50 Approval of financial assistance in connection with the acquisition of shares, options or other securities. Special resolution number 2.3: 16 003 715 49.21 2.87 100.00 0.00 Approval of non-executive directors’ remuneration for the calendar year ending 31 December 2017. Special resolution number 2.4: 16 935 226 52.08 0.00 100.00 0.00 General authority to repurchase the Company’s shares. Special resolution number 2.5: 16 931 754 52.07 0.01 100.00 0.00 Adoption of the proposed amendments to the Company’s Memorandum of Incorporation Notes: 1. As a percentage of total ordinary shares in issue. 2. As a percentage of shares voted. GENERAL MEETING Shareholders are advised that at the General Meeting of ELB shareholders held today, 23 November 2017, the special and ordinary resolutions proposed thereat, were approved by the requisite majority of votes as set out below. The total number of ELB ordinary shares in issue is 32 518 579 shares of which 15 946 255 shares were voted at the General Meeting, representing 49%. Resolutions: Shares voted Votes Vote for Votes Abstained against Number % (1) % (1) % (2) % (2) Special resolution number 1 15 945 805 49.04 0.00 100.00 0.00 Specific authority to repurchase scheme shares from specific participants Special resolution number 2 15 945 733 49.04 0.00 100.00 0.00 Authority for any excess shares to be sold by the Share Trust to the Company Ordinary resolution number 1 15 945 733 49.04 0.00 100.00 0.00 Directors’ authorising resolution Notes: 1. As a percentage of total ordinary shares in issue. 2. As a percentage of shares voted. Boksburg 23 November 2017 Sponsor Questco Corporate Advisory (Proprietary) Limited Date: 23/11/2017 05:05:00 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.