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” or “the Company”)


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 pursuant to the acquisition by the Company of the property known as Chilli on Top from, inter alia, Tadvest
Commercial Proprietary Limited (“Tadvest”), The Palm Trust and The Tirisano Trust (“the agreement”), in terms of
which the purchase price payable includes the allotment and issue of Pivotal shares as initial consideration for the
acquisition of the property.

Name of associate:                                     Tadvest
Name of directors and relationship to directors:       Thys Neser and David Savage, who are directors of Tadvest
                                                       and who have an indirect beneficial interest in Tadvest
Transaction date:                                      9 May 2016
Class of securities:                                   Ordinary shares
Number of securities:                                  296
Price per security:                                    R22.80713
Total value:                                           R6 750.91
Nature of transaction:                                 Off-market issue of shares in terms of the agreement
Nature and extent of directors’ interest:              Indirect beneficial

Name of associate:                                     The Palm Trust
Name of directors and relationship to directors:       Thys Neser and David Savage, who are trustees and potential
                                                       beneficiaries of The Palm Trust
Transaction date:                                      9 May 2016
Class of securities:                                   Ordinary shares
Number of securities:                                  154
Price per security:                                    R22.80713
Total value:                                           R3 512.30
Nature of transaction:                                 Off-market issue of shares in terms of the agreement
Nature and extent of directors’ interest:              Indirect beneficial

Name of associate:                                     The Tirisano Trust
Name of directors and relationship to directors:       Thys Neser and David Savage, who are trustees of The
                                                       Tirisano Trust
Transaction date:                                      9 May 2016
Class of securities:                                   Ordinary shares
Number of securities:                                  50
Price per security:                                    R22.80713
Total value:                                           R1 140.36
Nature of transaction:                                 Off-market issue of shares in terms of the agreement
Nature and extent of directors’ interest:              Indirect beneficial

11 May 2016


Sponsor
Java Capital
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