Sterling Investments Limited – Resolutions Passed

At the Extraordinary General Meeting of shareholders of Sterling Investment Limited held on February 21, 2015, the following ordinary resolutions were passed: (1) Increase in authorized share capital: that the authorized share capital of the Company be increased by the addition thereto of $125,000,000 comprising 125,000,000 ordinary shares of no par value each, the same to be converted on issue to stock units in the capital of the Company. (2) Stock Split: that the issued ordinary shares/stock units in the capital of the Company shall be split so that every one (1) issued ordinary share/stock unit of the Company`s ordinary share/Stock unit is split and converted into ten (10) shares/stock units of the Company ranking in all respects pari passu with the existing ordinary stock units of the Company. (3) Rights Issue: the issue of ordinary shares part of the authorised capital of 150,000,000 ordinary shares each currently unissued, the same to be offered to the holders of ordinary shares/stock units by way of Rights Issue on such terms (including the number of New Ordinary Shares, the price per New Ordinary Share, the proportion of New Ordinary Shares to be offered in relation to existing ordinary shares /stock units held by the holders thereof and the record date for determining the eligibility of such ordinary stockholders to subscribe for New Ordinary Shares) as the Directors and/or any duly appointed Committee of Directors shall determine AND THAT the Directors be authorized to dispose of all such New Ordinary Shares not taken up by holders of ordinary shares/stock units to whom the offer is made, on terms and conditions as the Directors may consider expedient in their absolute discretion. The record date for the rights issue, stock split and dividend is March 6, 2015.