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WHL - Woolworths - Dealing In Securities By Directors, Exercise Of Options And

Release Date: 10/12/2008 16:52
Code(s): WHL
Wrap Text

WHL - Woolworths - Dealing In Securities By Directors, Exercise Of Options And Acceptance By Directors Of Share Appreciation Rights And Conditional Awards WOOLWORTHS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1929/001986/06) Share code: WHL ISIN: ZAE000063863 ("Woolworths") DEALING IN SECURITIES BY DIRECTORS, EXERCISE OF OPTIONS AND ACCEPTANCE BY DIRECTORS OF SHARE APPRECIATION RIGHTS AND CONDITIONAL AWARDS In compliance with the JSE Limited Listings Requirements, the following information is disclosed: 1. SALE OF SHARES Company Woolworths Holdings Limited Director Simon Susman Date of transaction 8 December 2008 Nature of transaction Sale of shares in the name of a family trust in terms of the Woolworths Holdings Share Trust
Number of securities 680 039 Class of securities Ordinary shares Selling price (average) R11.75 Total value of transaction R7 990 458 Nature of director`s Indirect beneficial interest Clearance obtained Yes Company Woolworths Holdings Limited Director Simon Susman Date of transaction 9 December 2008 Nature of transaction Sale of shares in the name of a family trust in terms of
the Woolworths Holdings Share Trust Number of securities 100 000 Class of securities Ordinary shares Selling price (average) R11.82 Total value of transaction R1 182 000 Nature of director`s Indirect beneficial interest Clearance obtained Yes Company Woolworths Holdings Limited Director Norman Thomson Date of transaction 8 December 2008 Nature of transaction Sale of shares in the name of a family trust in terms of
the Woolworths Holdings Share Trust Number of securities 10 000 Class of securities Ordinary shares Selling price (average) R11.75 Total value of transaction R117 500 Nature of director`s Indirect beneficial interest Clearance obtained Yes Company Woolworths Holdings Limited Director Norman Thomson Date of transaction 10 December 2008 Nature of transaction Sale of shares in the name of a family trust in terms of the Woolworths Holdings Share Trust
Number of securities 36 667 Class of securities Ordinary shares Selling price (average) R12.02 Total value of transaction R440 737 Nature of director`s Indirect beneficial interest Clearance obtained Yes Company Woolworths Holdings Limited Director Zyda Rylands Date of transaction 10 December 2008 Nature of transaction Sale of shares in terms of the Woolworths Holdings Share
Trust Number of securities 12 500 Class of securities Ordinary shares Selling price (average) R12.02 Total value of transaction R150 250 Nature of director`s Direct beneficial interest Clearance obtained Yes Company Woolworths Holdings Limited Group secretary Cherrie Lowe Date of transaction 10 December 2008 Nature of transaction Sale of shares in terms of the Woolworths Holdings Share Trust Number of securities 35 000 Class of securities Ordinary shares Selling price (average) R12.02 Total value of transaction R420 700 Nature and extent of Direct beneficial interest Clearance obtained Yes 2. EXERCISE OF OPTIONS Company Woolworths Holdings Limited Group secretary Cherrie Lowe Date of transaction 10 December 2008 Nature of transaction Exercise of options Class of securities Options in respect of ordinary shares
Number of options 35 266 exercised Option strike price R2.77 Total value of transaction R97 686 Nature and extent of Direct beneficial interest Clearance obtained Yes 3. EXERCISE OF OPTIONS AND SALE OF SHARES Company Woolworths Holdings Limited Director Zyda Rylands Date of transaction 10 December 2008 Nature of transaction Exercise of options and subsequent sale of shares in respect of the options Class of securities Options in respect of ordinary shares Number of options 11 500 exercised Option strike price R2.60 Value of exercise R29 900 Number of shares sold 11 500 Selling price (average) R12.02 Value of sale R138 230 Nature and extent of Direct beneficial director`s interests Clearance obtained Yes
Company Woolworths Holdings Limited Director Zyda Rylands Date of transaction 10 December 2008 Nature of transaction Exercise of options and subsequent sale of shares in respect of the options Class of securities Options in respect of ordinary shares Number of options 17 500 exercised Option strike price R2.90 Value of exercise R50 750 Number of shares sold 17 500 Selling price (average) R12.02 Value of sale R210 350 Nature and extent of Direct beneficial director`s interests Clearance obtained Yes 4. SHARE APPRECIATION RIGHTS SCHEME Share appreciation rights (SARs), which vest after a 3 year performance period, should the performance conditions be met, have been granted at a grant price of R11.94 and were accepted on 9 December 2008 by the following: Director Norman Thomson 83 547 Group secretary Cherrie Lowe 79 624 Should the performance conditions not be met after a 3 year period the SARs will not vest. However, the performance conditions will be retested after year 4 and if necessary after year 5. If the performance conditions are then met the SARs will vest. Should the performance conditions not be met after year 5, the SARs will lapse. SARs are exercisable from the date of vesting to 7 years from the grant date. 4. LONG TERM INCENTIVE PLAN Conditional share awards, which vest after a 3 year performance period, subject to performance conditions and the extent that these have been met, have been issued at a grant price of R11.94 and were accepted on 10 December 2008 by the following: Director Norman Thomson 83 548 Group secretary Cherrie Lowe 79 624 The rights and awards have been granted in terms of the rules of the share schemes as approved by shareholders at a general meeting held on 15 November 2006. Clearance has been received in terms of rule 3.66 of the JSE`s Listings Requirements in respect of the above transactions. All interests in the transactions are indirect and beneficial. Cape Town 10 December 2008 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 10/12/2008 16:52:02 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.

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