Results of the Annual General Meeting Arden Capital Limited (formerly Brainworks Limited) (Incorporated in the Republic of Mauritius) (Registration number: 115883 C1/GBL) Share Code: ACZ ISIN: MU0548S00026 (“Arden Capital” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are advised that the following ordinary and special resolutions were approved by the requisite majority of votes, by ordinary shareholders, at the Company’s Annual General Meeting (“AGM”) held on 30 June 2020. The total number of Arden Capital ordinary shares in issue is 117 266 523 shares of which 113 413 578 shares were voted at the AGM, representing 96.71% of the total issued ordinary shares. Resolutions Shares voted Votes in favour Number % (1) % (2) Ordinary resolution number 1 Adoption of the annual financial statements and reports for the year 113 413 334 96.71% 100% ended 31 December 2019. Ordinary resolution number 2 Re-appointment of PricewaterhouseCoopers Mauritius and 113 413 334 96.71% 99.52% PricewaterhouseCoopers Chartered Accountants Zimbabwe, as independent auditors with the designated auditor being Mr. Clive Mukondiwa. Appointment of directors Ordinary resolution 3.1 Ratification of the appointment of Mrs. ZM Madarun as an 113 413 578 96.71% 100% independent non-executive director. Ordinary resolution 3.2 Ratification of the appointment of Mrs. SM Ramphul as an 113 413 578 96.71% 100% independent non-executive director. Re-election of directors: Ordinary resolution number 3.3 Re-election of Mrs. ZM Madarun as an independent non-executive 113 413 578 96.71% 100% director. Ordinary resolution number 3.4 Re-election of Mrs. SM Ramphul as an independent non-executive 113 413 578 96.71% 100% director. Ordinary resolution number 3.5 Re-election of Mr. GSJ Bennett as an independent non-executive 113 413 334 96.71% 100% director. Appointment of members of the Audit and Risk Committee: Ordinary resolution number 4.1 Appointment of Mrs. C Mtasa as a member and Chairperson of the 113 413 578 96.71% 100% Audit and Risk Committee. Ordinary resolution number 4.2 Appointment of Mr. GSJ Bennett as a member of the Audit and Risk 113 413 334 96.71% 100% Committee. Ordinary resolution number 4.3 Appointment of Mrs. ZM Madarun as a member of the Audit and 113 413 578 96.71% 100% Risk Committee. Ordinary resolution number 5 General authority to issue shares for cash. 113 413 578 96.71% 100% Ordinary resolution number 6 Directors’ authorising resolution. 113 413 578 96.71% 100% Non-binding advisory endorsements: Advisory endorsement number 1 In respect of the Company’s remuneration policy. 113 413 578 96.71% 100% Advisory endorsement number 2 In respect of the Company’s implementation report. 113 413 578 96.71% 100% Special resolution number 1 Approval of the non-executive directors’ fees. 113 413 578 96.71% 100% Notes: 1. As a percentage of total ordinary shares in issue. 2. As a percentage of shares voted. 3. Of the votable shares, 542 433 shares voted against ordinary resolution number 2. The “voted for” percentage in respect of this resolution has therefore been rounded up. 4. There were abstentions of less than 1% in respect of ordinary resolutions numbers 1,2, 3.5 and 4.2. Grand Baie, Mauritius 1 July 2020 Sponsor Questco Corporate Advisory Proprietary Limited Date: 01-07-2020 10:46:00 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.