TIDMMIK 
 
MEIKLES LIMITED 
 
                 RESULTS OF THE EXTRAORDINARY GENERAL MEETING 
 
                                13 October 2010 
 
 A. NOTICEAND QUORUM 
 
There being greater than three members personally present the Extra-Ordinary 
general meeting was declared to have been duly constituted. Notice of the 
Extraordinary General Meeting was notified to shareholders in the press on 
Monday 6 September 2010 and posted to shareholders from 13 September 2010. The 
notice was taken as read. 
 
 B. SUMMARY OF MEETINGEVENTS 
 
The EGM considered and passed the following resolutions. Please see C - F below 
for full details:- 
 
 1. APPROVED Ordinary resolution number 1 appointing Messrs Deloitte and 
    Touche, Chartered Accountants (Zimbabwe). 
 
 2. RESCINDED in Ordinary Resolution number 2 the following three resolutions 
    passed by shareholders at the Company's Extraordinary General Meeting held 
    on Monday, 22 June 2009:- 
 
 i. The disposal of 234,046,621 Kingdom Financial Holdings Limited ("KFHL") 
    issued share to KFHL for cancellation. 
 
ii. Distribution of KFHL shares. 
 
iii. Listing of Kingdom Financial Holdings Limited on the Zimbabwe Stock 
    Exchange ("ZSE") 
 
 3. APPROVED amended Ordinary Resolution Number 3 that subject to the 
    fulfillment of the conditions precedent in the Circular by 13 February 2011 
    or by any extension date agreed by the Company's Board that the Board is 
    authorised to distribute by way of a dividend in specie to all Meikles' 
    shareholders all the shares held by the Company in Kingdom Financial 
    Holdings Limited pro rata to their shareholdings in the Company. 
 
 4. APPROVED amended Ordinary Resolution Number 4 
 
 C. ORDINARY RESOLUTION NUMBER 1 
 
SHAREHOLDERS UNANIMOUSLY APPOINTED Messrs Deloitte & Touche, Chartered 
Accountants (Zimbabwe), to count the votes cast by members at the EGM and that 
the results of the voting as determined by them would be final and binding in 
the absence of any manifest error. 
 
 D. ORDINARY RESOLUTION NO. 2: 
 
SHAREHOLDERS UNANIMOUSLY RESOLVED TO RESCIND the following three resolutions 
passed by shareholders at the Company's Extraordinary General Meeting held on 
Monday, 22 June 2009:- 
 
 1. ORDINARY RESOLUTION 1RESCINDED 
 
THE DISPOSAL OF 234 046 621 KINGDOM FINANCIAL HOLDINGS LIMITED ("KFHL") ISSUED 
SHARES TO KFHL FOR CANCELLATION 
 
That the Directors of the Company be and are hereby authorised to transfer to 
KFHL, at nominal value, 234 046 621 KFHL ordinary shares for cancellation. 
 
 1. ORDINARY RESOLUTION 2RESCINDED 
 
DISTRIBUTION OF KFHL SHARES 
 
That simultaneously with the proposed listing of KFHL, the Directors of the 
Company be and are hereby authorised to distribute by way of a dividend in 
specie to all Meikles' shareholders all the 245 374 791 issued shares of KFHL 
remaining after the proposed transfer of 234 046 621 KFHL shares to KFHL for 
cancellation, using a distribution ratio of 1 KFHL share for every 1 Meikles 
share held. 
 
 2. ORDINARY RESOLUTION 3RESCINDED 
 
LISTING OF KINGDOM FINANCIAL HOLDINGS LIMITED ON ZIMBABWE STOCK EXCHANGE 
("ZSE") 
 
That simultaneously with the distribution of the proposed dividend in specie, 
the Directors of the Company be and are hereby authorised to list all the 
issued shares of Kingdom Financial Holdings Limited on the ZSE by way of an 
introduction." 
 
 E. ORDINARY RESOLUTION AMENDING RESOLUTIONS 3 AND 4 
 
Shareholders unanimously passed the following amendments to Ordinary 
Resolutions 3 and 4: 
 
Resolution 3 was amended by the insertion of the following wording after 
RESOLVED THAT : 
 
" subject to the fulfillment, by 13 February 2011 or by any extension to this 
fulfillment date which this resolution authorizes the Company's Board to make 
at its discretion, of the conditions precedent in sub clause 1.2 of the 
circular sent to shareholders on 13 September 2010 ....." 
 
And Resolution 4 was amended by the insertion of the following wording after 
RESOLVED THAT: 
 
" subject to the fulfillment of the condition precedent in resolution number 3... 
" 
 
 F. ORDINARY RESOLUTION 3 
 
THE SHAREHOLDERS UNANIMOUSLY PASSED AND ADOPTED amendments to Ordinary 
Resolution Number Three as follows:- 
 
RESOLUTION 3 BEFORE THE AMENDMENT 
 
"RESOLVED THAT the Board of Directors of the Company are hereby authorised to 
distribute all of the shares held by the Company in Kingdom Financial Holdings 
Limited (a wholly owned subsidiary of the Company), by way of a dividend in 
specie, to all the Company's shareholders pro rata to their shareholdings in 
the Company on the date specified by the Directors as the record date in 
respect of such distribution." 
 
RESOLUTION 3 AFTER THE AMENDMENT (AND SUBSEQUENTLY ADOPTED) 
 
[DEL::DEL]"RESOLVED THAT subject to the fulfilment, by 13 February 2011 or by 
any extension to this fulfilment date which this resolution authorises the 
Company's Board to make at its discretion, of the conditions precedent in sub 
clause 1.2 of the circular sent to shareholders on 13 September 2010 the Board 
of Directors of the Company are hereby authorised to distribute all of the 
shares held by the Company in Kingdom Financial Holdings Limited (a wholly 
owned subsidiary of the Company), by way of a dividend in specie, to all the 
Company's shareholders pro rata to their shareholdings in the Company on the 
date specified by the Directors as the record date in respect of such 
distribution ." 
 
 G. ORDINARY RESOLUTION 4 
 
THE SHAREHOLDERS UNANIMOUSLY PASSED AND ADOPTED amendments to Ordinary 
Resolution Number Four as follows:- 
 
RESOLUTION 4 BEFORE THE AMENDMENT 
 
RESOLVED THAT the Directors of the Company are hereby authorised to transfer an 
amount of US$71 000 000.00 (Seventy-One Million United States Dollars) from the 
Company's non-distributable reserves to the Company's distributable reserves to 
enable the Company to distribute by way of a distribution in specie all the 
shares held by the Company in Kingdom Financial Holdings Limited to the 
Company's shareholders." 
 
RESOLUTION 4 AFTER THE AMENDMENT (AND SUBSEQUENTLY ADOPTED) 
 
"RESOLVED THAT subject to the fulfilment of the condition precedent in 
resolution number 3 the Directors of the Company are hereby authorised to 
transfer an amount of 
US$71 000 000.00 (Seventy-One Million United States Dollars) from the Company's 
non-distributable reserves to the Company's distributable reserves to enable 
the Company to distribute by way of a distribution in specie all the shares 
held by the Company in Kingdom Financial Holdings Limited to the Company's 
shareholders." 
 
 H. CLOSURE OF THE MEETING 
 
There being no other business the Chairman declared the meeting concluded. 
 
ANDREW LANE MITCHELL 
 
COMPANY SECRETARY 
 
13 OCTOBER 2010 
 
 
 
 
 
END
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