WORKFORCE HOLDINGS LIMITED - Dealings in Securities by Directors and Directors of Major Subsidiaries

Dealings in Securities by Directors and Directors of Major Subsidiaries

WORKFORCE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/018145/06)
Share code: WKF ISIN: ZAE000087847
(“Workforce” or “the Company” or “the Group”)

DEALINGS IN SECURITIES BY DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES


In compliance with paragraph 3.63 to 3.74 (both inclusive) of the Listings Requirements of the JSE
Limited, the following information is disclosed wherein share appreciation rights have been
awarded to directors of Workforce and the major subsidiaries, in terms of the share appreciation
rights scheme as approved by shareholders.

In all instances below:
Nature:                                  Acceptance of share appreciation rights off market
Date on which options were accepted:     25 October 2016
Strike price:                            155 cents
The vesting date:                        25 October 2019
The expiry date:                         25 December 2019
The extent of the directors’ interest:   Direct beneficial
Clearance obtained:                      Yes

                                                                    Number of     Notional value
                                                                        share           of share
 Name of Director       Company                                  appreciation       appreciation
                                                                       rights             rights

 Philip Froom           Workforce Holdings Ltd                      5 325 000         R8 253 750

 Willem van Wyk         Workforce Holdings Ltd                        750 000         R1 162 500

 Sean Momberg           The Workforce Group (Pty) Ltd               1 500 000         R2 325 000

 Steven Herscovitz      The Workforce Group (Pty) Ltd                 400 000           R620 000

 Evelyn Vanassche       The Workforce Group (Pty) Ltd                 160 000           R248 000

 Carol Knoetze          The Workforce Group (Pty) Ltd                 120 000           R186 000

 Dermot Byrne           The Workforce Group (Pty) Ltd                 100 000           R155 000

 Rachel Hough           The Workforce Group (Pty) Ltd                 100 000           R155 000

 Duan Nortje            The Workforce Group (Pty) Ltd                 100 000           R155 000

 Georgina Botha         The Workforce Group (Pty) Ltd                 100 000           R155 000

 Frieda Hall            The Workforce Group (Pty) Ltd                  80 000           R124 000

 Johanna Nagel          The Workforce Group (Pty) Ltd                  50 000            R77 500

 Preshene Batohi        The Workforce Group (Pty) Ltd                  40 000            R62 000

 Adriana Bekker         The Workforce Group (Pty) Ltd                  30 000            R46 500

Johannesburg
25 October 2016

Designated Adviser
Merchantec Capital

Date: 25/10/2016 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.