BUILDMAX LIMITED - Awarding of shares to directors in terms of Long Term Incentive Plan

Awarding of shares to directors in terms of Long Term Incentive Plan

BUILDMAX LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1995/012209/06)                     
Share Code: BDM
ISIN Code: ZAE000011250                                        
("Buildmax" or the Company)                                                     

Awarding of shares to directors in terms of Long Term Incentive Plan
 
In compliance with paragraph 3.63 to 3.66 of the JSE Limited Listings Requirements, 
shareholders are hereby notified that the following Buildmax shares were awarded to 
the following directors of the Company in terms of the Companys Long Term Incentive 
Plan (LTIP).   

The following information is relevant to the shares awarded to the directors detailed 
below:

i.  the strike price per share is nil;
ii. the shares will be held by an escrow agent until such time as the shares vest, 
    which will be when the Buildmax board of directors Remuneration Committee confirms 
    that the criteria as set out in the LTIP have been met by the respective individuals;
iii.60% of the allocation is linked to performance and will vest as follows: 
     * 50% will vest in May 2013 after reviewing the year end results for the financial
       year ending 28 February 2013; and
     * 50% will vest in May 2014 after reviewing the year end results for the financial 
       year ending 28 February 2014; and
iv. 40% of the allocation is linked to co-investment and subject to tenure, as determined 
    by the LTIP.

The details of the LTIP awards are as follows: 
	
Name of director:                                 Terry Bantock
Category of director:                             Executive Director
Date of awarding of shares in terms of LTIP:      11 December 2012
Number of securities awarded:                     52 500 000
Consideration paid for securities:                R nil
Nature of transaction:                       	  Award in terms of LTIP
Interest (direct or indirect):                    Direct beneficial, subject to vesting as
                                           	  explained above
Clearance given in terms of Paragraph 3.66:       YES

Name of director:                                 Christiaan Els
Category of director:                             Executive Director
Date of awarding of shares in terms of LTIP:      11 December 2012
Number of securities awarded :                    35 000 000
Consideration paid for securities:        	  R nil
Nature of transaction:                            Award in terms of LTIP
Interest (direct or indirect):                    Direct beneficial, subject to vesting as
	                                          explained above
Clearance given in terms of Paragraph 3.66:       Yes

Benoni
13 December 2012

Sponsor
QuestCo (Pty) Limited


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