TSOGO SUN HOTELS LIMITED - Grant and Acceptance of Share Appreciation Rights by Directors

Grant and Acceptance of Share Appreciation Rights by Directors

Tsogo Sun Hotels Limited
Incorporated in the Republic of South Africa
Registration number 2002/006356/06
Share Code: TGO ISIN:ZAE000272522
(“Tsogo Sun Hotels” or the “Company” or the “Group”)



GRANT AND ACCEPTANCE OF SHARE APPRECIATION RIGHTS BY DIRECTORS


In compliance with Paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is
disclosed in relation to the granting and acceptance of Share Appreciation Rights (“SARs”) in terms of the Tsogo Sun
Hotels Share Appreciation Rights Plan by directors of the Company and its major subsidiaries.

 Director                                  Laurelle McDonald
 Designation                               Chief Financial Officer
 Company                                   Tsogo Sun Hotels Limited
 Nature of transaction                     Grant and acceptance of SARs, off market
 Nature of interest                        Direct, beneficial
 Class of shares                           Ordinary TGO shares
 Date of grant of SARs                     1 April 2022
 Date of acceptance                        18 July 2022
 Clearance to deal                         Yes

 Number of SARs       SARs strike price     Value of transaction    Vesting date of SARs      Expiry Date of SARs
      1 048 752                 R3.3373               R3 500 000              31/03/2025               31/03/2028

 Director                                  Lindelwa Isabelle
 Designation                               Director
 Company                                   Southern Sun Hotel Interests Pty Ltd
 Nature of transaction                     Grant and acceptance of SARs, off market
 Nature of interest                        Direct, beneficial
 Class of shares                           Ordinary TGO shares
 Date of grant of SARs                     1 April 2022
 Date of acceptance                        18 July 2022
 Clearance to deal                         Yes
 
 Number of SARs       SARs strike price     Value of transaction    Vesting date of SARs      Expiry Date of SARs
        599 287                 R3.3373               R2 000 000              31/03/2025               31/03/2028
 
 Director                                  Jaco Boshoff
 Designation                               Director
 Company                                   Southern Sun Hotel Interests Pty Ltd
 Nature of transaction                     Grant and acceptance of SARs, off market
 Nature of interest                        Direct, beneficial
 Class of shares                           Ordinary TGO shares
 Date of grant of SARs                     1 April 2022
 Date of acceptance                        18 July 2022
 Clearance to deal                         Yes
 
 Number of SARs      SARs strike price     Value of transaction     Vesting date of SARs   Expiry Date of SARs
        898 931                R3.3373               R3 000 000               31/03/2025            31/03/2028

Fourways
18 July 2022

Sponsor
Investec Bank Limited

Date: 18-07-2022 01:22:00
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