MIX - MiX Telematics Limited - Acceptance of options by directors

MIX - MiX Telematics Limited - Acceptance of options by directors               
MiX Telematics Limited                                                          
(Incorporated in the Republic of South Africa)                                  
Registration number 1995/013858/06)                                             
JSE Code: MIX                                                                   
ISIN: ZAE000125316                                                              
("MiX" or "the company")                                                        
ACCEPTANCE OF OPTIONS BY DIRECTORS                                              
Shareholders are advised that options have been granted to and accepted by the  
executive directors of the company on the basis set out below.                  
The options have been granted in terms of the MiX performance option scheme     
and/or phantom performance scheme and in addition to the normal vesting periods 
are conditional on:                                                             
-    the MiX share price increasing by 10% per annum in the case of certain of -
    the options; and                                                            
-    the MiX share price reaching R5 per share in the case of the balance of the
    options.                                                                    
                                                                                
Date of transaction:                    15 December 2008                        
Option strike price:                    70 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 in respect of                   
ordinary shares                          

Nature of transaction:                  Acceptance of options                   
                                       granted                                  
Nature and extent of director`s         Direct beneficial                       
interest:                                                                       
                                                                                
The following options                                                           
were granted with the                                                           
performance clause                                                              
requiring that the                                                              
MiX share price                                                                 
increase by 10% per                                                             
annum are as follow:                                                            
Name                   Number of share       Value of share                     
                      options granted       options                             
Stefan Joselowitz           500 000               350 000                       
Riette Botha                500 000               350 000                       
Terry Buzer                 500 000               350 000                       
Steven Evans                500 000               350 000                       
Charles Tasker              500 000               350 000                       


The following options were granted with the performance clause requiring that   
the MiX share price reach R5 per share:                                         
                                                                                
Name                    Number of share         Value of share options          
                       options granted                                          
Stefan Joselowitz            1 000 000               700 000                    
Riette Botha                 1 000 000               700 000                    
Terry Buzer                  1 000 000               700 000                    
Steven Evans                 1 000 000               700 000                    
Charles Tasker               1 000 000               700 000                    
                                                                                
Clearance to deal was received as required in terms of JSE`s Listings           
Requirements.                                                                   
17 December 2008                                                                
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 17/12/2008 13:26:20 Supplied by www.sharenet.co.za                     
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