CND - Conduit Capital Limited - Granting And Acceptance Of Options

CND - Conduit Capital Limited - Granting And Acceptance 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 AND ACCEPTANCE OF OPTIONS                                              
In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings     
Requirements of JSE Limited, the following information is disclosed pertaining  
to the granting and acceptance of options at a strike price of 40 cents per     
option on 2 March 2010 in terms of the IMR Share Trust:                         
Name of director:      Mr Harold Larry Prosser                                  
Company:               Conduit Capital                                          
Number of options:     4 000 000                                                
Value of grant:        R1 600 000                                               
Class of securities:   Ordinary                                                 
Extent of directors`   Direct beneficial                                        
interest:                                                                       
Vesting date for       the options, which have been accepted by                 
exercise of options:   the director, will vest between                          
                      2 March 2011 and 31 May 2012, subject to                  
                      certain predetermined financial targets and               
                      conditions having been met. Any of these                  
options not exercised by 28 February 2013                 

                      will lapse.                                               
Confirmation of        Clearance to grant the options was obtained              
clearance:             from the Chairman of Conduit Capital.                    
4 March 2010                                                                    
Sponsor                                                                         
Merchantec Capital                                                              
Date: 04/03/2010 13:52:02 Supplied by www.sharenet.co.za                     
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