MONTAUK HOLDINGS LIMITED - Grant and acceptance of options to directors and officers

Grant and acceptance of options to directors and officers

MONTAUK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/017811/06)
(Share code: MNKI & ISIN: ZAE000197455)
("MNK" or "the company")


GRANT AND ACCEPTANCE OF OPTIONS TO DIRECTORS AND OFFICERS

In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing Requirements the following information
regarding the granting and acceptance of options in terms of the Montauk Holdings Limited Employee Share
Appreciation Rights Scheme for U.S. Affiliates is disclosed:



Director                       :          David Richard Hermann
Designation                    :          Chief Executive Officer
Nature of transaction          :          Grant and acceptance of option
                                          Off Market
Nature of Interest             :          Direct, Beneficial
Class of Shares                :          Ordinary shares
Date of grant of option        :          11 December 2015
Date of acceptance             :          12 December 2015
Number of options              :          425 000
Option strike price            :          R8.50
Value of transaction           :          R3 612 500
Vesting date of options        :          11 December 2018
                                          11 December 2019
                                          11 December 2020
Expiry date of options         :          11 March 2019
                                          11 March 2020
                                          11 March 2021


Director                       :          Sean Fitzgerald McClain
Designation                    :          Chief Financial Officer
Nature of transaction          :          Grant and acceptance of option
                                          Off Market
Nature of Interest             :          Direct, Beneficial
Class of Shares                :          Ordinary shares
Date of grant of option        :          11 December 2015
Date of acceptance             :          12 December 2015
Number of options              :          75 000
Option strike price            :          R8.50
Value of transaction           :          R637 500
Vesting date of options        :          11 December 2018
                                          11 December 2019
                                          11 December 2020
Expiry date of options         :          11 March 2019
                                          11 March 2020
                                          11 March 2021


Public Officer                 :          Martin L, Ryan
Designation                    :          Vice President and Company Secretary of major subsidiary
Nature of transaction          :          Grant and acceptance of option
                                          Off Market
Nature of Interest             :          Direct, Beneficial
Class of Shares                :          Ordinary shares
Date of grant of option        :          11 December 2015
Date of acceptance             :          12 December 2015
Number of options              :          300 000
Option strike price            :          R8.50
Value of transaction           :          R2 550 000
Vesting date of options        :          11 December 2018
                                          11 December 2019
                                          11 December 2020
Expiry date of options         :          11 March 2019
                                          11 March 2020
                                          11 March 2021

Clearance                      :          Clearance in respect of par 3.66 of the JSE
                                          Listings Requirements was obtained


Cape Town
14 December 2015

Sponsor: Investec Bank Limited

Date: 14/12/2015 02:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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