CITY LODGE HOTELS LIMITED - Dealings in securities

Dealings in securities

City Lodge Hotels Limited
"City Lodge"
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH    ISIN Code: ZAE000117792

Director’s dealings in securities     –   exercise   of   Share
Appreciation Rights (“SARs”)

In compliance with Rule 3.63 - 3.74 of the JSE Listings
Requirements, the following information is disclosed:

Director:                      C. Ross
Office held:                   Chief Executive
Name of company:               City Lodge Hotels Limited
Class of securities:           SARs   in   respect   ordinary
                               shares
Number of SARS:                79,163 SARs to be settled by
                               the purchase of 46,676 City
                               Lodge ordinary shares
Grant Price:                   R63.61
Grant Date:                    1 September 2011
Nature of Transaction:         On    market    purchase    of
                               ordinary shares pursuant to
                               the off-market exercise of
                               SARs awarded in 2011, which
                               vested on 1 September 2014
Date of transaction:           24 February 2017
Number of shares:              209
Price range:                   R154.55 - 155.00
VWAP:                          R154.72225
Value of transaction:          R32,336.95
Nature and extent of
Director’s interest in the
transaction:                   Direct beneficial

Director:                      C. Ross
Office held:                   Chief Executive
Name of company:               City Lodge Hotels Limited
Class of securities:           SARs   in  respect   ordinary
                               shares
Number of SARS:                92,313 SARs to be settled by
                               the purchase of 41,297 City
                               Lodge ordinary shares
Grant Price:                   R85.66
Grant Date:                    3 September 2012
Nature of Transaction:        On    market   purchase    of
                              ordinary shares pursuant to
                              the off-market exercise of
                              SARs awarded in 2012, which
                              vested on 3 September 2015
Date of transaction:          27 February 2017
Number of shares:             18,746
Price range:                  R154.25 - 155.00
VWAP:                         R154.93194
Value of transaction:         R2,904,354.15
Nature and extent of
Director’s interest in the
transaction:                  Direct beneficial

Director:                     A.C. Widegger
Office held:                  Chief Executive
Name of company:              City Lodge Hotels Limited
Class of securities:          SARs   in   respect   ordinary
                              shares
Number of SARS:               39,155 SARs to be settled by
                              the purchase of 20,305 City
                              Lodge ordinary shares
Grant Price:                  R74.62
Grant Date:                   1 September 2010
Nature of Transaction:        On    market    purchase    of
                              ordinary shares pursuant to
                              the off-market exercise of
                              SARs awarded in 2010, which
                              vested on 1 September 2015
Date of transaction:          27 February 2017
Number of shares:             20,305
Price range:                  R154.25 - 155.00
VWAP:                         R154.93194

Value of transaction:         R3,145,893,04
Nature and extent of
Director’s interest in the
transaction:                  Direct beneficial

Prior clearance to deal has been obtained from Mr B.T.
Ngcuka, Chairman of the Board of City Lodge, in accordance
with Section 3.66 of the JSE Listings Requirements.

Bryanston
28 February 2017

Sponsor
JP Morgan Equities South Africa Proprietary Limited

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