THE PIVOTAL FUND LIMITED - Dealing in securities by an associate if directors of Pivotal

Dealing in securities by an associate if 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”)


DEALING IN SECURITIES BY AN ASSOCIATE OF DIRECTORS OF PIVOTAL


Shareholders are advised of the following information relating to the dealing in securities by an associate of directors
of Pivotal:

Name of associate:                                         The Path 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
                                                           Path Trust
Transaction date:                                          29 May 2015
Class of securities:                                       Ordinary shares
Number of securities:                                      468 764
Price per security:                                        R23.60
Total value:                                               R11 062 830.40
Nature of transaction:                                     Off-market sale
Nature and extent of directors’ interests:                 Indirect beneficial

4 June 2015


Sponsor
Java Capital
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