CND - Conduit Capital - Granting Of Options

CND - Conduit Capital - Granting Of Options                                     
Conduit Capital Limited                                                         
Incorporated in the Republic of South Africa                                    
(Registration Number 1998/017351/06)                                            
Share code: CND    ISIN: ZAE000073128                                           
("Conduit Capital")                                                             
GRANTING OF OPTIONS                                                             
In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings     
Requirements of JSE Limited, the following is disclosed:                        
Nature of transaction:        Grant of share options in terms of the IMR        
                             Share Trust                                        
Date of transaction:          27 February 2007                                  
Strike price:                 145,5 cents per option                            
Vesting date for              3 years from date of grant, namely 27             
exercising of options:        February 2010.                                    
Any options not exercised by 28 February           

                             2011 will lapse.                                   
Class of securities:          Ordinary                                          
Extent of directors`          Direct beneficial                                 
interest:                                                                       
Name:                         Number of options:                                
Jason Dean Druian             600 000                                           
Stanley David Shane           600 000                                           
Paul Diamond                  600 000                                           
Lourens Erasmus Louw          150 000                                           
Confirmation of               Clearance to grant options was obtained           
clearance:                                                                      
1 March 2007                                                                    
Sponsor                                                                         
Merchant Sponsors (Proprietary) Limited                                         
Date: 01/03/2007 09:45:57 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.