REMGRO LIMITED - Acceptance Of Share Appreciation Rights (Sars) By Directors And Company Secretary Of Remgro

Acceptance Of Share Appreciation Rights (“Sars”) By Directors And Company Secretary Of Remgro

Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
(ISIN: ZAE000026480)
(Share code: REM)
("Remgro" or "the Company")

ACCEPTANCE OF SHARE APPRECIATION RIGHTS (“SARs”) BY DIRECTORS AND
COMPANY SECRETARY OF REMGRO

As set out below, SARs, in respect of ordinary shares, were
granted to, and accepted by directors and the company secretary on
29 November 2012 at a grant price of R147-25 per SAR, which is
based on the closing price of Remgro shares on 28 November 2012.

Mr WE Buhrmann
Total number of SARs accepted: 98 817

Mr L Crouse
Total number of SARs accepted:   283 952

Mr JJ Durand
Total number of SARs accepted:   271 258

Mrs M Lubbe (Company Secretary)
Total number of SARs accepted: 13 961

The SARs may be exercised as follows:

  -   up to one third of the SARs granted may be exercised on or
      after the third anniversary of the date of grant;
  -   up to two thirds of the SARs granted may be exercised on or
      after the fourth anniversary of the date of grant, to the
      extent that they have not been exercised previously;
  -   all of the SARs granted may be exercised on or after the
      fifth anniversary of the date of grant, to the extent that
      they have not been exercised previously;
  -   all SARs must be exercised by the seventh anniversary of the
      date of grant.

  Approval for the individual allocations has been given, all
  interests are directly beneficial and all transactions occurred
  off the market.

Stellenbosch
29 November 2012

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

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