KELLY GROUP LIMITED - Acceptance Of Allocated Share Appreciation Rights In Terms Of The Kelly Group Limited Share Appreciation Plan

Acceptance Of Allocated Share Appreciation Rights In Terms Of The Kelly Group Limited Share Appreciation Plan

KELLY GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/026249/06)
Share code: KEL
ISIN: ZAE000093373

ACCEPTANCE OF ALLOCATED SHARE APPRECIATION RIGHTS IN TERMS OF THE KELLY
GROUP LIMITED SHARE APPRECIATION PLAN

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director                      :    GJ Tindall
Company                       :    Kelly Group Limited
Date of allocation            :    4 December 2013
Date of acceptance            :    5 December 2013
Nature of transaction         :    Off-market acceptance of allocation of
                                   Share Appreciation Rights (“SARs”) made
                                   in terms of the Kelly Group Limited
                                   Share Appreciation Plan
Class of securities           :    SARs in respect of ordinary shares
Number of SARs allocated      :    800,000
Allocation strike price       :    R1.74
Periods of exercise and
vesting                       :    1/3 on or after 2nd anniversary of
                                   allocation date
                                   1/3 on or after 3rd anniversary of
                                   allocation date
                                   Final 1/3 on or after 4th anniversary of
                                   allocation date
Total value of transaction    :    R1,392,000
Director’s interest           :    Direct beneficial
Clearance obtained            :    Yes

Director                      :    L Wilson
Company                       :    Kelly Group Limited
Date of allocation            :    4 December 2013
Date of acceptance            :    5 December 2013
Nature of transaction         :    Off-market acceptance of allocation of
                                   SARs made in terms of the Kelly Group
                                   Limited Share Appreciation Plan
Class of securities           :    SARs in respect of ordinary shares
Number of SARs allocated      :    500,000
Allocation strike price       :    R1.74
Periods of exercise and
vesting                       :    1/3 on or after 2nd anniversary of
                                   allocation date
                                   1/3 on or after 3rd anniversary of
                                   allocation date
                                   Final 1/3 on or after 4th anniversary of
                                   allocation date
Total value of transaction    :    R870,000
Director’s interest           :    Direct beneficial
Clearance obtained            :    Yes

Sandton
5 December 2013

Sponsor
PSG Capital

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