Engagement with Shareholders

Shareholders are referred to the announcement released on the Stock Exchange of Mauritius, the London Stock Exchange and the Johannesburg Stock Exchange News Service on 29 November 2018 detailing the results of the votes at the Annual General Meeting of Grit held on 29 November 2018 ("AGM"), in terms of which shareholders were advised that ordinary resolution number 7 relating to the non-binding advisory vote on the remuneration policy of the Company and ordinary resolution number 8 relating to the non-binding advisory vote on the Company's implementation of the remuneration policy were passed by 58.93% and 58.76%, respectively, of the votes exercised by shareholders present in person or represented by proxy at the AGM. Grit therefore invites those shareholders who voted against ordinary resolution number 7 and ordinary resolution number 8 at the AGM ("Dissenting Shareholders") to engage with the Company as follows:

·   Dissenting Shareholders are invited to provide their concerns/queries on the remuneration policy and the implementation thereof and their contact details to Darren Veenhuis (Head of Investor Relations) at [email protected] by no later than 1:00 p.m. Mauritian time (11:00 a.m. South African time and 9:00 a.m. United Kingdom time) on Wednesday, 12 December 2018; and

·        thereafter, Grit will contact each Dissenting Shareholder in order to arrange one-on-one meetings/telecons with such Dissenting Shareholders in order to address their concerns/queries on the remuneration policy and the implementation thereof.

Any corrective actions and/or changes to the remuneration policy that result from the interactions with the Dissenting Shareholders will be communicated to all shareholders in due course.

By order of the Board

5 December 2018

Directors: 

Peter Todd⁺ (Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*, Ian Macleod⁺, Matshepo More, Nomzamo Radebe, Catherine McIlraith⁺ and David Love⁺

(* executive director) (⁺ independent non-executive director)

Company secretary: Intercontinental Fund Services Limited

Registered address: c/o Intercontinental Fund Services Limited, Level 5, Alexander House, 35 Cybercity, Ebène 72201, Mauritius

Transfer secretary (South Africa): Computershare Investor Services Proprietary Limited

Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited

JSE sponsor: PSG Capital Proprietary Limited 

Sponsoring broker: Axys Stockbroking Limited

SEM authorised representative and sponsor: Perigeum Capital Ltd

This notice is issued pursuant to the LSE Listing Rules, JSE Listings Requirements, SEM Listing Rule 11.3 and the Mauritian Securities Act 2005.  The Board of the Company accepts full responsibility for the accuracy of the information contained in this communiqué.