Sephaku : Results of the written resolutions on the Rights Offer

Sephaku Holdings Limited

(Incorporated in the Republic of South Africa) (Registration number: 2005/003306/06) Share code: SEP

ISIN: ZAE000138459 ("SepHold" or "the Company")

RESULTS OF ORDINARY RESOLUTIONS PASSED BY SHAREHOLDERS OF THE COMPANY

Shareholders are referred to the announcement released on SENS on 13 December 2019 regarding the submission of ordinary resolutions for consideration by written consent of shareholders, in terms of section 60 of the Companies Act, 2008 (Act 71 of 2008), as amended ("the Act"), in order to authorise the board of directors to issue the Company's shares pursuant to a proposed rights offer.

Shareholders are advised that the ordinary resolutions were approved and adopted by the Company in terms of section 60(2) of the Act.

The number of shares voted in person or by proxy was 107 342 299, representing 51.55% of the total issued ordinary share capital of the Company of 208 216 175.

Resolutions:	% of votes for	% of votes	% of votes
	the Resolution	against the	abstained
	based on the	Resolution
	number of
	shares voted
Ordinary resolution number 1:
Approval of the issue of shares by the	100	Nil	Nil
Company
Ordinary resolution number 2:	100	Nil	Nil
Authority to implement

The Company will, by no later than Friday, 31 January 2020, distribute a statement of these results to shareholders recorded in the Company's register as at Friday, 6 December 2019, being the record date, in accordance with section 60(4) of the Act.

Centurion

17 January 2020

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Enquiries contact: Sakhile Ndlovu

Sephaku Holdings

Investor Relations

012 612 0210

Sponsor to Sephaku Holdings: Questco Corporate Advisory (Pty) Ltd

About Sephaku Holdings Limited

Sephaku Holdings Limited ("SepHold") is a building and construction materials company with a portfolio of investments in the cement sector in South Africa. The company's core investments are a 36% stake in Dangote Cement South Africa (Pty) Ltd (Sephaku Cement) and 100% in Métier Mixed Concrete (Pty) Ltd. The strategy of SepHold is to generate growth and realise value for shareholders through the production of cement and ready mixed concrete in Southern Africa. www.sephakuholdings.com