BARCLAYS AFRICA GROUP LIMITED - Conversion of Phantom Share Value Plan awards into Equity Share Plan

Conversion of Phantom Share Value Plan awards into Equity Share Plan

  BARCLAYS AFRICA GROUP LIMITED
  Incorporated in the Republic of South Africa
  (Registration number: 1986/003934/06)
  Share Code: BGA
  ISIN: ZAE000174124
  (Barclays Africa Group)

  CONVERSION OF PHANTOM SHARE VALUE PLAN (SVP) AWARDS INTO EQUITY SHARE PLAN

  The following information is provided in accordance with paragraph 3.63 of the JSE Listings
  Requirements.

  Eligible employees of Barclays Africa Group were historically granted phantom Share Value Plan
  (SVP) awards which tracked the share price but were delivered as cash, however following
  approval of the SVP at the AGM on 19 May 2015, awards are now delivered in equity. Employees
  with unvested phantom awards were offered the opportunity to surrender the awards in place
  of equity shares through the SVP to simplify the administration of shares.

  The executive directors elected to take up this opportunity on 14 December 2015 and the
  replacement equity awards granted to them off market are accordingly set out in the table
  below. The replacement equity awards will take effect from 21 December 2015.

  This does not constitute a new award. The number of shares is fixed based on the number of
  unvested phantom awards using the initial grant price, save that the number of shares has been
  grossed up to include brokerage fees.

  Director       Award       Initial        Initial      Vest date        No of     Total Value
                 name      award date     award price                    Shares         (R)
                                             and                       converted
                                          conversion
                                             price
Maria Ramos     SVP 2014   01/03/2014      R129.30      01/09/2016       18 520      2 394 636

Maria Ramos     SVP 2014   01/03/2014       R129.30     01/09/2017       18 520      2 394 636

David Hodnett   SVP 2013   01/03/2013       R165.63     01/09/2016       8 719       1 444 128

David Hodnett   SVP 2014   01/03/2014       R129.30     01/09/2016       14 395     1 861 273.50

David Hodnett   SVP 2014   01/03/2014       R129.30     01/09/2017       14 396     1 861 402.80


  Clearance to deal, as required by board governance and the JSE Listings Requirements, has been
  obtained for the abovementioned transactions.

  Johannesburg
  15 December 2015
Enquiries:
Nadine Drutman – Group Company Secretary
(+2711) 350-5347
E-mail: Nadine.Drutman@barclaysafrica.com

Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

Joint Sponsor:
Corporate and Investment Bank, a division of Absa Bank Limited

Date: 15/12/2015 11:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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