| Results of Scheme Meeting

Published: 29 November 2017
Shareholders are advised that a Scheme Meeting of minority shareholders of Colcom Holdings Limited ("Colcom") was held on 25 October 2017 to vote on the approval of a Scheme of Arrangement proposed by Innscor Africa Limited ("Innscor") between Colcom and its minority shareholders ("the Scheme Participants"), in terms of Section 191 (1) of the Companies Act (Chapter 24:03), whereby Innscor seeks to acquire the shares of the Scheme Participants for a consideration of 0.55 Innscor ordinary shares for every 1 Colcom ordinary share.

The Scheme of Arrangement was declared duly approved. Colcom is now progressing with the fulfilment of the remaining Conditions Precedent of the Scheme of Arrangement.

Upon fulfilment of all of the Conditions Precedent, shareholders will be notified, and the Scheme Consideration will be settled.
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