SANTOVA LIMITED - Granting of share options to staff and Executive Directors

Granting of share options to staff and Executive Directors

SANTOVA LIMITED
(Registration number: 1998/018118/06)
Share code: SNV 
ISIN: ZAE000159711
("Santova" or "the Company")

GRANTING OF SHARE OPTIONS TO STAFF AND EXECUTIVE DIRECTORS 

Shareholders are advised that in terms of the approved Group Share Option 
Schemes, 3 221 000 share options in total, have been granted by the Company to 
certain eligible employees of the Group, including directors of Santova and its 
subsidiaries.

In accordance with the requirements of paragraph 3.63 - 3.74 of the JSE Listings 
Requirements, notice is hereby given that included in the above tranche of options, 
were the following share options which were granted to the Executive Directors of 
the Company and of its major subsidiaries:

Name of Director: GH Gerber
Name of Company: Santova Limited
Designation: Executive Director and Chief Executive Officer
Option date: 22 February 2016
Number of shares: 1 000 000
Option price: 415 cents per share
Total value: R4 150 000
Class of securities: Ordinary shares
Nature of transaction: Off market grant of options
Nature of interests: Direct beneficial
Exercise date:  These options may only be exercised after periods of 3-5 years have 
elapsed from the option date

Name of Director: AL Van Zyl
Name of Company: Santova Limited
Designation: Executive Director
Option date: 22 February 2016
Number of shares: 300 000
Option price: 415 cents per share
Total value: R1 245 000
Class of securities: Ordinary shares
Nature of transaction:  Off market grant of options
Nature of interests: Direct beneficial
Exercise date: These options may only be exercised after periods of 3-5 years have 
elapsed from the option date

Name of Director: DC Edley
Name of Company: Santova Limited
Designation: Group Financial Director
Option date: 22 February 2016
Number of shares: 300 000
Option price: 415 cents per share
Total value: R1 245 000
Class of securities: Ordinary shares
Nature of transaction: Off market grant of options
Nature of interests: Direct beneficial
Exercise date:  These options may only be exercised after periods of 3-5 years have 
elapsed from the option date

Name of Director: AKG Lewis
Name of Company: Santova Logistics (Pty) Limited 
Designation: Executive Director
Option date: 22 February 2016
Number of shares: 451 000
Option price: 415 cents per share
Total value: R1 871 650
Class of securities: Ordinary shares
Nature of transaction:  Off market grant of options
Nature of interests: Direct beneficial
Exercise date: These options may only be exercised after periods of 3-5 years have 
elapsed from the option date

Name of Director: M Desai
Name of Company: Santova Logistics (Pty) Limited 
Designation: Financial Director
Option date: 22 February 2016
Number of shares: 150 000
Option price: 415 cents per share
Total value: R622 500
Class of securities: Ordinary shares
Nature of transaction:  Off market grant of options
Nature of interests: Direct beneficial
Exercise date: These options may only be exercised after a period of 5 years has 
elapsed from the option date

Clearance for this transaction was provided in terms of section 3.66 of the JSE 
Listings Requirements.

Durban
23 February 2016
Sponsor
River Group



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