SANTOVA LIMITED - GRANTING AND ACCEPTANCE OF SHARE OPTIONS TO STAFF AND EXECUTIVE DIRECTORS

GRANTING AND ACCEPTANCE OF SHARE OPTIONS TO STAFF AND EXECUTIVE DIRECTORS

SANTOVA LIMITED
(Registration number: 1998/018118/06)
Share code: SNV 
ISIN: ZAE000159711
("Santova" or "the Company")

GRANTING AND ACCEPTANCE OF SHARE OPTIONS TO STAFF AND EXECUTIVE 
DIRECTORS 

Shareholders are advised that in terms of the approved Group Share Option Scheme 
No. 2, 1,195,000 share options in total, have been granted and accepted by the 
Company to certain eligible employees of the Group, including directors of Santova 
and its subsidiaries.

In accordance with the requirements of paragraph 3.63 - 3.74 of the JSE Listings 
Requirements, notice is hereby given that included in the above tranche of options, 
were the following share options which were granted to the Executive Directors of 
the Company and of its major subsidiaries:

Name of Director: GH Gerber
Name of Company: Santova Limited
Designation: Executive Director and Chief Executive Officer
Option date: 18 May 2018
Number of shares: 266 000
Option price: 298 cents per share
Total value: R792 680
Class of securities: Ordinary shares
Nature of transaction: Off market grant and acceptance of options
Nature of interests: Direct beneficial
Exercise date:  These options may only be exercised after a period of 5 years has 
elapsed from the option date

Name of Director: AL Van Zyl
Name of Company: Santova Limited
Designation: Executive Director
Option date: 18 May 2018
Number of shares: 151 000
Option price: 298 cents per share 
Total value: R449 980
Class of securities: Ordinary shares
Nature of transaction:  Off market grant and acceptance of options
Nature of interests: Direct beneficial
Exercise date: These options may only be exercised after a period of 5 years has 
elapsed from the option date

Name of Director: DC Edley
Name of Company: Santova Limited
Designation: Group Financial Director
Option date: 18 May 2018
Number of shares: 136 000
Option price: 298 cents per share
Total value: R405 280
Class of securities: Ordinary shares
Nature of transaction: Off market grant and acceptance of options
Nature of interests: Direct beneficial
Exercise date:  These options may only be exercised after a period of 5 years has 
elapsed from the option date

Name of Director: AKG Lewis
Name of Company: Santova Logistics (Pty) Limited 
Designation: Executive Director
Option date: 18 May 2018
Number of shares: 110 000
Option price: 298 cents per share
Total value: R327 800
Class of securities: Ordinary shares
Nature of transaction:  Off market grant and acceptance of options
Nature of interests: Direct beneficial
Exercise date: These options may only be exercised after a period of 5 years has 
elapsed from the option date

Name of Director: M Desai
Name of Company: Santova Logistics (Pty) Limited 
Designation: Financial Director
Option date: 18 May 2018
Number of shares: 45 000
Option price: 298 cents per share
Total value: R134 100
Class of securities: Ordinary shares
Nature of transaction:  Off market grant and acceptance of options
Nature of interests: Direct beneficial
Exercise date: These options may only be exercised after a period of 5 years has 
elapsed from the option date

Clearance for this transaction was provided in terms of section 3.66 of the JSE 
Listings Requirements.

Durban
24 May 2018
Sponsor
River Group



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