Results of Annual General meeting SYGNIA LIMITED (Incorporated in the Republic of South Africa) (Registration number 2007/025416/06) Share code on the JSE and A2X: SYG ISIN: ZAE000208815 (“Sygnia” or the “Company”) RESULTS OF ANNUAL GENERAL MEETING Sygnia shareholders are advised that all the ordinary and special resolutions proposed in the Notice of the Annual General Meeting (“AGM”) dated 03 December 2019 and tabled at the Company’s AGM held on Thursday, 30 January 2020, were passed by the requisite majority of votes cast by shareholders. The voting results are set out below: Resolution Number of Percentage For** Against** Abstained*** shares voted of shares voted* 116 240 671 76.19% 100% 0.00% 0.03% Ordinary Resolution 1: Appointment of auditor 116 239 677 76.19% 99.99% 0.01% 0.03% Ordinary Resolution 2: 1 Re-election of non-executive director – Mr IK Moyane 116 239 677 76.19% 99.21% 0.79% 0.03% Ordinary Resolution 2: 2 Re-election of non-executive director – Mr MH Jonas 116 240 671 76.19% 99.99% 0.01% 0.03% Ordinary Resolution 3: 1 Election of non-executive director appointed during financial year – Ms R Sithubi 116 240 671 76.19% 100% 0.00% 0.03% Ordinary Resolution 3: 2 Election of non-executive director appointed during financial year – Mr G Cavaleros 116 240 671 76.19% 100% 0.00% 0.03% Ordinary Resolution 4.1: Election of audit committee member – Mr G Cavaleros 116 239 677 76.19% 99.99% 0.01% 0.03% Ordinary Resolution 4.2: Election of audit committee member – Mr IK Moyane 116 240 671 76.19% 99.99% 0.01% 0.03% Ordinary Resolution 4.3: Election of audit committee member – Ms R Sithubi Ordinary Resolution 5: Authority to 116 240 671 76.19% 95.16% 4.83% 0.03% issue ordinary shares for cash Ordinary Resolution 6: Control of 116 240 671 76.19% 95.94% 4.06% 0.03% authorised but unissued shares Ordinary Resolution 7: Non-binding 116 057 281 76.07% 98.27% 1.73% 0.15% advisory vote on the Sygnia remuneration policy Ordinary Resolution 8: Non-binding 116 057 281 76.07% 98.27% 1.73% 0.15% advisory vote on the Sygnia implementation report Ordinary Resolution 9: 116 239 677 76.19% 100% 0.00% 0.03% Authority to directors and company secretary to implement special and ordinary resolutions Special Resolution 1: Approval of 116 051 247 76.07% 98.27% 1.73% 0.15% remuneration of non-executive directors Special Resolution 2: Authority to 116 240 671 76.19% 99.99% 0.01% 0.03% repurchase shares Special Resolution 3: Financial 116 240 671 76.19% 100% 0.00% 0.03% assistance to subsidiaries and related or inter-related companies Special Resolution 4: Financial 116 058 275 76.07% 99.22% 0.78% 0.15% assistance for subscription or purchase of securities * Based on 152 567 843 shares in issue as at the date of the AGM. ** Based on the total number of shares present / represented by proxies at the AGM. *** As a percentage of 152 567 843 shares in issue as at the date of the AGM. Shareholders are advised further that, as at the date of the AGM and in terms of the authority granted to the Company by shareholders at the annual general meeting on 16 January 2019 (“2019 AGM”), the Company has repurchased 4,598,275 of its own shares, constituting 2.97% of the issued share capital of the Company as at the date of the 2019 AGM. These shares were cumulatively repurchased from shareholders through the central order book of the JSE in a series of unrelated transactions and without any prior understanding or arrangement between the Company and such shareholders. Shareholders are advised that the Company intends to continue repurchasing its own shares in terms of the authority granted to it in terms of Special Resolution 2 above, on such terms and conditions as the Company’s board of directors may determine from time to time. Cape Town 31 January 2020 Sponsor: The Standard Bank of South Africa Limited Date: 31-01-2020 02:19:00 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.