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

Dealings in securities by associates of 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”)


DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS OF PIVOTAL


Shareholders are advised of the following information relating to dealings in securities by associates of directors of
Pivotal:

Name of associate:                                        Fern Trust
Names of directors and relationship to directors:         Thys Neser and David Savage, who are directors of Pivotal
                                                          and trustees and potential beneficiaries of the Fern Trust
Transaction date:                                         24 February 2015
Class of securities:                                      Ordinary shares
Number of securities:                                     194 807
Highest traded price per security:                        R18.62
Weighted average price per security:                      R18.47469
Lowest traded price per security:                         R18.45
Total value:                                              R3 598 999.15
Nature of transaction:                                    On-market sale
Nature and extent of directors’ interests:                Indirect beneficial


Name of associate:                                        Old Abland Proprietary Limited (“Old Abland”)
Names of directors and relationship to directors:         Thys Neser and David Savage, who are directors of Pivotal
                                                          and of Old Abland and have an indirect beneficial interest
                                                          in Old Abland
Transaction date:                                         25 February 2015
Class of securities:                                      Ordinary shares
Number of securities:                                     1 307 279
Price per security:                                       R18.50
Total value:                                              R24 184 661.50
Nature of transaction:                                    Off-market sale
Nature and extent of directors’ interests:                Indirect beneficial

27 February 2015


Sponsor
Java Capital
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