THE PIVOTAL FUND LIMITED - Dealings in securities by directors of Pivotal

Dealings in securities by directors of Pivotal

THE PIVOTAL FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/030215/06)
JSE share code: PIV  ISIN: ZAE000196440
(“Pivotal” or “the company”)


DEALINGS IN SECURITIES BY DIRECTORS OF PIVOTAL


Shareholders are advised of the following information relating to the vesting of shares, which shares were awarded as
a once-off pre-listing award to directors of Pivotal as set out in the company’s prospectus on the basis set out below:

Name of director:                                      Aaron Suckerman
Date of vesting:                                       29 February 2016
Number of shares vesting:                              31 283
Award price:                                           R15.50
Value of transaction:                                  R484 886.50
Class of securities:                                   Ordinary shares
Vesting period:                                        33% of 93 841 ordinary shares, being the total amount of
                                                       shares awarded pre-listing, vesting in three tranches with the
                                                       first tranche having vested on 28 February 2015, the second
                                                       tranche having vested on 29 February 2016 and the third
                                                       tranche vesting on 28 February 2017
Nature of transaction:                                 Off-market vesting of shares
Nature and extent of director’s interest:              Direct beneficial
Clearance to deal received:                            Yes

Name of director:                                      Jackie van Niekerk
Date of vesting:                                       29 February 2016
Number of shares vesting:                              57 559
Award price:                                           R15.50
Value of transaction:                                  R892 164.50
Class of securities:                                   Ordinary shares
Vesting period:                                        33% of 170 968 ordinary shares, being the total amount of
                                                       shares awarded pre-listing, vesting in three tranches with the
                                                       first tranche having vested on 28 February 2015, the second
                                                       tranche having vested on 29 February 2016 and the third
                                                       tranche vesting on 28 February 2017
Nature of transaction:                                 Off-market vesting of shares
Nature and extent of director’s interest:              Direct beneficial
Clearance to deal received:                            Yes

1 March 2016


Sponsor
Java Capital
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