THE PIVOTAL FUND LIMITED - Non-beneficial dealings in securities by an associate of directors of Pivotal

Non-beneficial dealings in securities by an associate 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”)


NON-BENEFICIAL DEALINGS IN SECURITIES BY AN ASSOCIATE OF DIRECTORS OF PIVOTAL


Shareholders are advised that the Path Trust (of which Thys Neser and Dave Savage, both directors of Pivotal, are
trustees and potential beneficiaries), in terms of the Abcon Staff Incentive Scheme (“the share scheme”), has entered
into an on-market sale of shares on behalf of and at the request of participants of the share scheme, being employees
of Abcon Proprietary Limited (but not employees of Pivotal), as further set out below:

 Transaction date:                                                   20 August 2015
 Class of securities:                                                Ordinary shares
 Number of securities:                                               113 676
 Price per security:                                                 R21.00
 Total value:                                                        R2 387 196.00
 Nature and extent of directors’ interest:                           None

 Transaction date:                                                   21 August 2015
 Class of securities:                                                Ordinary shares
 Number of securities:                                               24 144
 Price per security:                                                 R21.00
 Total value:                                                        R507 024.00
 Nature and extent of directors’ interest:                           None

 Transaction date:                                                   25 August 2015
 Class of securities:                                                Ordinary shares
 Number of securities:                                               10 000
 Price per security:                                                 R20.85
 Total value:                                                        R208 500.00
 Nature and extent of directors’ interest:                           None

 Transaction date:                                                   26 August 2015
 Class of securities:                                                Ordinary shares
 Number of securities:                                               20 000
 Price per security:                                                 R20.85
 Total value:                                                        R417 000.00
 Nature and extent of directors’ interest:                           None

 Transaction date:                                                   28 August 2015
 Class of securities:                                                Ordinary shares
 Number of securities:                                               89 240
 Highest traded price per security:                                  R20.60
 Weighted average price per security:                                R20.3948
 Lowest traded price per security:                                   R20.30
 Total value:                                                        R1 820 031.10
 Nature and extent of directors’ interest:                           None

 Transaction date:                                                   31 August 2015
 Class of securities:                                                Ordinary shares
 Number of securities:                                               22 960
 Highest traded price per security:                                  R20.49
 Weighted average price per security:                                R20.20266
 Lowest traded price per security:                                   R20.20
 Total value:                                                        R463 853.10
 Nature and extent of directors’ interest:                           None
                 

1 September 2015


Sponsor
Java Capital

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