ZEDER INVESTMENTS LIMITED - Dealing in Zeder securities by an associate of a director

Dealing in Zeder securities by an associate of a director

Zeder Investments Limited
Incorporated in the Republic of South Africa
Registration number: 2006/019240/06
JSE share code: ZED
ISIN number: ZAE000088431
(“Zeder”)

DEALING IN ZEDER SECURITIES BY AN ASSOCIATE OF A DIRECTOR

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings
Requirements, the following information is disclosed relating to dealing
in Zeder securities by an associate of a director:

 NAME OF DIRECTOR                    N Celliers
 COMPANY OF WHICH I AM A DIRECTOR    Zeder
 STATUS:EXECUTIVE/NON-EXECUTIVE      Executive
 TYPE OF SECURITIES                  Shares
 CLASS OF SECURITIES                 Ordinary
 OPTION STRIKE PRICE                 R2.57
 NUMBER OF OPTIONS EXERCISED         437 743
 TOTAL RAND VALUE OF OPTIONS         R1 124 999.51
 VESTING DATE OF OPTIONS             20 April 2014
 PERIOD OF EXERCISE                  The director has a 30-day
                                     period from the vesting date
                                     during which options can be
                                     exercised
 NAME OF ASSOCIATE                   Norman Celliers Trust
 RELATIONSHIP WITH DIRECTOR          Director is a trustee of the
                                     associate
 NATURE OF TRANSACTION               Acquisition of shares in Zeder
                                     through the exercise of options
                                     (Off-market transaction)
 NATURE AND EXTENT OF INTEREST IN    Indirect, Non-beneficial
 THE TRANSACTION
 CLEARANCE OBTAINED                  Yes

Clearance to deal in these shares was obtained in accordance with rule
3.66 of the JSE Limited Listings Requirements.

Stellenbosch
25 April 2014

Sponsor
PSG Capital

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