TSOGO SUN HOTELS LIMITED - Grant and Accceptance of Share Appreciation Rights by Directors

Grant and Accceptance of Share Appreciation Rights by Directors

Tsogo Sun Hotels Limited
Incorporated in the Republic of South Africa
Registration number 2002/006356/06
Share Code: TGO ISIN:ZAE000272522
(“Tsogo Sun Hotels” or the “Company” or the “Group”)


GRANT AND ACCCEPTANCE OF SHARE APPRECIATION RIGHTS BY DIRECTORS

In compliance with Paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is
disclosed in relation to the granting and acceptance of Share Appreciation Rights (“SARs”) in terms of the Tsogo Sun
Hotels Share Appreciation Rights Plan by directors of the Company and its major subsidiaries, being Hospitality
Property Fund Limited and Southern Sun Hotel Interests Pty Ltd.

 Director                                Marcel von Aulock
 Designation                             Chief Executive Officer
 Company                                 Tsogo Sun Hotel Limited
 Nature of transaction                   Grant and acceptance of SARs, off market
 Nature of interest                      Direct, beneficial
 Class of shares                         Ordinary TGO shares
 Date of grant of SARs                   13 January 2021
 Date of acceptance                      12 March 2021
 Clearance to deal                       Yes
 Number of SARs        SARs strike price    Value of transaction     Vesting date of SARs      Expiry Date of SARs
     1 142 857              R1.4867                R1 699 086              13/01/2024               13/01/2027

 Director                                Laurelle McDonald
 Designation                             Chief Financial Officer
 Company                                 Tsogo Sun Hotel Limited
 Nature of transaction                   Grant and acceptance of SARs, off market
 Nature of interest                      Direct, beneficial
 Class of shares                         Ordinary TGO shares
 Date of grant of SARs                   13 January 2021
 Date of acceptance                      12 March 2021
 Clearance to deal                         Yes
 Number of SARs        SARs strike price     Value of transaction    Vesting date of SARs      Expiry Date of SARs
    1 142 857              R1.4867                R1 699 086              13/01/2024               13/01/2027

Director                                Mara De Lima
Designation                             Chief Executive Officer
Company                                 Hospitality Property Fund Limited
Nature of transaction                   Grant and acceptance of SARs, off market
Nature of interest                      Direct, beneficial
Class of shares                         Ordinary TGO shares
Date of grant of SARs                   13 January 2021
Date of acceptance                      11 March 2021
Clearance to deal                       Yes
Number of SARs SARs strike price              Value of transaction     Vesting date of SARs   Expiry Date of SARs
         428 571       R1.4867                           R637 157               13/01/2024            13/01/2027

Director                                Riaan Erasmus
Designation                             Chief Financial Officer
Company                                 Hospitality Property Fund Limited
Nature of transaction                   Grant and acceptance of SARs, off market
Nature of interest                      Direct, beneficial
Class of shares                         Ordinary TGO shares
Date of grant of SARs                   13 January 2021
Date of acceptance                      12 March 2021
Clearance to deal                       Yes
Number of SARs       SARs strike price        Value of transaction     Vesting date of SARs   Expiry Date of SARs
     285 714             R1.4867                     R424 771               13/01/2024            13/01/2027

Director                                Lindelwa Isabelle
Designation                             Director
Company                                 Southern Sun Hotel Interest Pty Ltd
Nature of transaction                   Grant and acceptance of SARs, off market
Nature of interest                      Direct, beneficial
Class of shares                         Ordinary TGO shares
Date of grant of SARs                   13 January 2021
Date of acceptance                      11 March 2021
Clearance to deal                       Yes
Number of SARs       SARs strike price      Value of transaction    Vesting date of SARs      Expiry Date of SARs
    571 429               R1.4867                  R849 543               13/01/2024             13/01/2027
 
Director                                Jaco Boshoff
Designation                             Director
Company                                 Southern Sun Hotel Interest Pty Ltd
Nature of transaction                   Grant and acceptance of SARs, off market
Nature of interest                      Direct, beneficial
Class of shares                         Ordinary TGO shares
Date of grant of SARs                   13 January 2021
Date of acceptance                      11 March 2021
Clearance to deal                       Yes
Number of SARs      SARs strike price     Value of transaction     Vesting date of SARs   Expiry Date of SARs
     428 571              R1.4867                  R637 157              13/01/2024           13/01/2027

Fourways
12 March 2021

Sponsor
Investec Bank Limited

Date: 12-03-2021 04:33:00
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