Results of Annual General Meeting ISA HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/009608/06) Share code: ISA ISIN: ZAE000067344 (“ISA” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that, at the annual general meeting of ISA held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 103 159 029, representing 60.47% of the total issued share capital of the same class of ISA shares. The resolutions proposed at the annual general meeting, together with percentage of shares abstained, as well as the percentage of votes carried for and against each resolution, are set out below: % of votes % of votes carried for the against the % of shares Resolution resolution resolution abstained Ordinary resolution number 1: Adoption of the annual financial statements 100.00% 0.00% 1.11% Ordinary resolution number 2: To confirm the appointment of Nhlanhla Maphothi as 100.00% 0.00% 1.11% independent non-executive director Ordinary resolution number 3: To approve the re-election of Alan Naidoo, who retires by 100.00% 0.00% 1.11% rotation Ordinary resolution number 4: To approve the re-election of Denzil Perreira, who retires by 100.00% 0.00% 1.11% rotation Ordinary resolution number 5: To approve the appointment of Desmond Seaton as a 100.00% 0.00% 1.11% member and Chairman of the Audit Committee Ordinary resolution number 6: To approve the appointment of Denzil Perreira as a member 100.00% 0.00% 1.11% of the Audit Committee Ordinary resolution number 7: To approve the appointment of Nhlanhla Maphothi as a 100.00% 0.00% 1.11% member of the Audit Committee Ordinary resolution number 8: To confirm the re-appointment of Mazars as auditors of the 100.00% 0.00% 1.11% Company together with Miles Fisher as the individual registered auditor for the ensuing financial year Ordinary resolution number 9: 100.00% 0.00% 1.11% Control of authorised but unissued ordinary shares Ordinary resolution number 10: Approval to issue ordinary shares, and to sell treasury 100.00% 0.00% 1.11% shares, for cash Ordinary resolution number 11: 100.00% 0.00% 1.11% Signature of documents Ordinary resolution number 12: 100.00% 0.00% 1.11% Approval of remuneration policy Special resolution number 1: Approval of the non-executive directors’ remuneration for 100.00% 0.00% 1.12% the ensuing financial year Special resolution number 2: 100.00% 0.00% 1.11% General approval to acquire shares Special resolution number 3: 99.93% 0.07% 1.11% Financial assistance for subscription of securities Special resolution number 4: Loans or other financial assistance to directors and inter- 99.92% 0.08% 1.12% related companies Johannesburg 28 June 2017 Designated Adviser Merchantec Capital Date: 28/06/2017 02:20:00 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.