THE BIDVEST GROUP LIMITED - Granting of conditional share awards in terms of the 2008 bidvest conditional share plan

Granting of conditional share awards in terms of the 2008 bidvest conditional share plan

THE BIDVEST GROUP LIMITED
(“Bidvest”)
(Incorporated in the Republic of South Africa)
Registration number: 1946/021180/06
Share code: BVT
ISIN ZAE 000117321

GRANTING OF CONDITIONAL SHARE AWARDS IN TERMS OF THE 2008 BIDVEST CONDITIONAL
SHARE PLAN (“CSP”)

Executive Directors have been awarded Conditional Share Awards in terms of the 2008 Bidvest
Group Conditional Share Plan, approved by shareholders at the annual general meeting in
November 2008. Conditional Share Awards are subject to performance conditions for the
period starting July 1 2016 and ending June 30 2019. Subject to performance, vesting will
occur in September 2019 and September 2020. The remuneration Committee has given
approval for the following individual allocations.

Conditional share awards are as follows:
Executive Directors:
L P Ralphs                   80 000 conditional share awards
H P Meijer                   22 000 conditional share awards
N T Madisa                   20 000 conditional share awards
G C McMahon                  12 000 conditional share awards
A W Dawe                     28 000 conditional share awards

REPLACEMENT RIGHTS
As a result of the unbundling of Bid Corporation Limited, approved by the Bidvest shareholders
on May, 16 2016, the 2015 Conditional Shares awarded to certain executive directors in
November 2015 will be exchanged for Replacement Rights over the participant’s employer
company shares. Replacement Rights are subject to performance conditions for the period
starting July 1 2016 and ending June 30 2019. Subject to performance, vesting will occur in
September 2019 and September 2020. The remuneration Committee has given approval for
the following individual allocation.

Replacement Rights awarded as follows:
Executive Director:
LP Ralphs                94 280 replacement rights.



Date: October 28 2016
Johannesburg
Sponsor: Investec Bank Limited

Date: 28/10/2016 10:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.