ZEDER INVESTMENTS LIMITED - Exercise And Acceptance Of Options By A Director

Exercise And Acceptance Of Options By 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”)

EXERCISE AND ACCEPTANCE OF OPTIONS BY A DIRECTOR

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings
Requirements, the following information is disclosed:

A) EXERCISE OF OPTIONS

The following share options were exercised:

 NAME OF DIRECTOR               N Celliers
 STATUS:EXECUTIVE/NON-          Executive
 EXECUTIVE
 TYPE OF SECURITIES             Shares
 CLASS OF SECURITIES            Ordinary
 DATE OF TRANSACTION            27 February 2015
 OPTION STRIKE PRICE            R3.33
 NUMBER OF OPTIONS EXERCISED    337 838
 TOTAL RAND VALUE OF OPTIONS    R1 125 000.54
 STRIKE DATE OF OPTIONS         27 February 2015
 PERIOD OF EXERCISE             Participants have a 90-day
                                period from the strike date
                                during which options can be
                                exercised
 NAME OF ASSOCIATE              Namron Investments (Pty) Ltd
 RELATIONSHIP WITH DIRECTOR     Director is a director of the
                                associate and a trustee and
                                beneficiary of the shareholder
                                of the associate
 NATURE OF TRANSACTION          Acquisition of shares in Zeder
                                through the exercise of options
                                (Off-market transaction)
 NATURE AND EXTENT OF           Indirect, Beneficial
 INTEREST IN 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.

B) ACCEPTANCE OF OPTIONS

The following share option awards were accepted:

 NAME OF DIRECTOR               N Celliers
 STATUS:EXECUTIVE/NON-          Executive
 EXECUTIVE
 TYPE AND CLASS OF SECURITIES   Share options to acquire
                                ordinary shares
 DATE OF AWARD                  27 February 2015
 DATE OF ACCEPTANCE             27 February 2015
 OPTION STRIKE PRICE            R7.71 (Zeder’s 30-day volume
                                weighted average traded price
                                at 27 February 2015)
 NUMBER OF OPTIONS AWARDED      525 292
 TOTAL RAND VALUE OF OPTIONS    R4 050 001.32
 STRIKE DATE OF OPTIONS         Exercisable in tranches of 25%
                                each on the 2nd, 3rd, 4th and 5th
                                anniversary of the award
 NATURE OF TRANSACTION          Award of options to acquire
                                ordinary shares
 NATURE AND EXTENT OF           Direct, Beneficial
 INTEREST IN THE TRANSACTION
 CLEARANCE OBTAINED             Yes

Clearance to accept these share option awards was obtained in accordance
with rule 3.66 of the JSE Limited Listings Requirements.

Stellenbosch
3 March 2015

Sponsor
PSG Capital

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