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MIX - TeliMatrix Limited - Acceptance of options by directors TeliMatrix Limited (Incorporated in the Republic of South Africa) Registration number 1995/013858/06) JSE Code: MIX ISIN: ZAE000104683 ("TeliMatrix" or "the company") ACCEPTANCE OF OPTIONS BY DIRECTORS In compliance with sections 3.63 to 3.65 of the Listings Requirements of the JSE Limited ("JSE"), shareholders are advised that options have been granted to the executive directors of the company on the basis set out below. All of the options granted have the following characteristics: Date of transaction: 26 March 2008 Option strike price: 118 cents Period of exercise: After 2 years: 25% After 3 years: 50% After 4 years: 75% After 5 years: 100% After 6 years the
options expire Class of securities: Options or phantom options in respect of ordinary shares
Nature of transaction: Acceptance of options granted Nature and extent of director`s interest: Direct beneficial
As the options have been granted in terms of TeliMatrix`s performance option scheme and/or phantom performance scheme in addition to the characteristics set out above, the options are conditional on an additional performance clause being: Telimatrix`s share price increasing by 10% per annum in the case of certain of the options; and Telimatrix`s share price reaching R10 per share in the case of the balance of the options. Details of the options that were granted subject to the performance clause that Telimatrix`s share price increasing by 10% per annum are as follow: Name of director Number of share Cost of share options options granted Stefan Joselowitz 1 500 000 R1 770 000 Riette Botha 1 500 000 R1 770 000 Terry Buzer 1 500 000 R1 770 000 Steven Evans 1 500 000 R1 770 000 Charles Tasker 1 500 000 R1 770 000 Details of the options that were granted subject to the performance clause that Telimatrix`s share price reaches R10 per share are as follows: Name of director Number of share Cost of share options options granted
Stefan Joselowitz 2 000 000 R2 360 000 Riette Botha 2 000 000 R2 360 000 Terry Buzer 2 000 000 R2 360 000 Steven Evans 2 000 000 R2 360 000 Charles Tasker 2 000 000 R2 360 000 Clearance to deal was received in terms of paragraph 3.66 of the JSE Listings Requirements. 27 March 2008 Sponsor Java Capital (Proprietary) Limited Date: 27/03/2008 08:00:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
