CIG – withdrawal of resolution adopted at the AGM

Shareholders are referred to the notice convening the annual general meeting of the company, to be held at 10:00 on Wednesday, 29 March 2017 at Commerce Square, Building 2, 39 Rivonia Road, Sandhurst and in particular to the proposed special resolution number 3.

The proposed special resolution number 3 seeks approval pursuant to section 41 of the Companies Act, 71 of 2008 (“the Companies Act”) to issue shares or grant options or grant any other rights exercisable for shares to directors or prescribed officers of the company pursuant to the Consolidated Infrastructure Group Ltd. 2014 Share Plan (“the Share Plan”).

The approval under section 41 of the Companies Act is not required if the issue of shares or the grant of rights is pursuant to an employee share scheme that satisfies the requirements of section 97 of the Companies Act.

CIG has been advised by its legal advisors that the Share Plan satisfies the requirements of section 97 of the Companies Act and that accordingly section 41(1) of the Companies Act does not apply.

Accordingly, the board of directors of CIG has resolved to withdraw special resolution number 3 and the resolution will accordingly be withdrawn at the annual general meeting and not be voted on.

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