DENEB INVESTMENTS LIMITED - Exercise of Options by Director and Related Settlement in Terms of the Deneb Long Term Incentive Scheme

Exercise of Options by Director and Related Settlement in Terms of the Deneb Long Term Incentive Scheme

DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB
ISIN: ZAE000197398
(“Deneb” or the “Company”)

EXERCISE OF OPTIONS BY DIRECTOR AND RELATED SETTLEMENT IN TERMS OF
THE DENEB LONG TERM INCENTIVE SCHEME

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following
information regarding the exercise of options and the related net-equity settlement thereof in
terms of the Deneb Long Term Incentive Scheme is disclosed:

 NAME OF DIRECTOR                                S A Queen

 COMPANY OF WHICH A DIRECTOR                     Deneb Investments Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Exercise of options in terms of the Deneb
                                                 Long Term Incentive Scheme and related
                                                 net-equity settlement by way of the award
                                                 of 815,350 ordinary shares to the director
                                                 (off-market transaction)

 DATE OF EXERCISE OF OPTIONS                     1 December 2022

 VESTING DATE OF OPTIONS EXERCISED               10% vested on 26 June 2018
                                                 20% vested on 26 June 2019
                                                 30% vested on 26 June 2020
                                                 40% vested on 26 June 2021

 PERIOD OF EXERCISE                              Participants must exercise options within
                                                 8 years from the grant date

 OPTION STRIKE PRICE                             116 cents

 NUMBER OF OPTIONS EXERCISED                     1,441,713

 TOTAL RAND VALUE OF NET-EQUITY                  R1,883,458.50
 SETTLED SECURITIES
                                                 (based on the 1 December 2022 closing
                                                 share price)

 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 THE TRANSACTIONS

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Cape Town
2 December 2022

Sponsor
PSG Capital

Date: 02-12-2022 05:15:00
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