Result of AGM

MEIKLES LIMITED                                

                            NOTICE TO SHAREHOLDERS                             

NOTICE OF THE RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 16 OCTOBER 2014

Shareholders are advised that:

ORDINARY BUSINESS

  * Ordinary Resolution Number 1: To receive and adopt the Group Financial
    Statements for the year ended 31 March 2014 and the reports of the
    Directors and Auditors.
   
Ordinary Resolution Number 1 was passed by shareholders.

  * Ordinary Resolution Number 2: To consider the re-appointment of the
    following Director who retires by rotation and being eligible offers
    himself for re-election:
   
John Ralph Thomas Moxon

Ordinary Resolution Number 2 was passed by shareholders.

  * Ordinary Resolution Number 3: To consider the re-appointment of the
    following Director who retires by rotation and being eligible offers
    himself for re-election:
   
Kazilek Ncube

Ordinary Resolution Number 3 was passed by shareholders.

  * Ordinary Resolution Number 4: To confirm Directors' fees amounting to
    US$17,450 for the year ended 31 March 2014.
   
Ordinary Resolution Number 4 was passed by shareholders.

  * Ordinary Resolution Number 5: To appoint auditors for the year ending 31
    March 2015 and to approve the Auditors' fees of US$93,890 for the year
    ended 31 March 2014.
   
Messrs Deloitte & Touche, auditors for the year ended 31 March 2014, have
indicated their willingness to continue in office.

Ordinary Resolution Number 5 was passed by shareholders.

  * Ordinary Resolution Number 6: That the remaining 19 581 490 unissued shares
    of the Company, out of the original 28,000,000 shares set aside and
    approved by shareholders in the 2011 EGM, for the eventual allocation to
    the Meikles Limited Employee Share Ownership Trust, be placed under the
    control of the Directors until they are fully issued and that the Directors
    shall have the authority to issue the shares to the Meikles Limited
    Employee Share Ownership Trust on such terms and conditions as they deem
    fit, provided that the shares shall be issued at a price calculated on the
    basis of the weighted average price of Meikles Limited shares over the
    thirty (30) days prior to the date of issue.
   
Ordinary Resolution Number 6 was passed by shareholders.

COMPANY SECRETARY

MEIKLES LIMITED

23 October 2014