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BEL - Bell Equipment - Acceptance of Options by a Director, a Director of a Major Subsidiary and the Company Secretary Bell Equipment Limited (Incorporated in the Republic of South Africa) Registration number 1968/013656/06 Share Code: BEL & ISIN: ZAE000028304 ("the Company") ACCEPTANCE OF OPTIONS BY A DIRECTOR, A DIRECTOR OF A MAJOR SUBSIDIARY AND THE COMPANY SECRETARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : Andre Richard McDuling Company : Bell Equipment Limited Date of transaction : 18 March 2010 Nature of transaction : Acceptance of options granted to the director Class of securities : Options in respect of ordinary shares Number of options granted : 100 000 Option strike price : R10,48 cents Period of exercise : A maximum of 33,3% is exercisable on the 3rd anniversary, a further maximum of 33,3% is exercisable on the 5th anniversary and the balance is exercisable on the 7th anniversary Vesting
details : On exercise of the options Total value of transaction : R1 048 000 Nature of director`s interest : Direct beneficial Clearance obtained : Yes Director : Paul Scates Company : Bell Equipment Sales South Africa Limited
Date of transaction : 17 March 2010 Nature of transaction : Acceptance of options granted to the director Class of securities : Options in respect of ordinary shares Number of options granted : 15 000 Option strike price : R10,48 cents Period of exercise : A maximum of 33,3% is exercisable on the 3rd anniversary, a further maximum
of 33,3% is exercisable on the 5th anniversary and the balance is exercisable on the 7th anniversary Vesting details : On exercise of the options Total value of transaction : R157 200 Nature of director`s interest : Direct beneficial Clearance obtained : Yes Company Secretary : Riaan Verster Company : Bell Equipment Limited Date of transaction : 18 March 2010 Nature of transaction : Acceptance of options granted to Company Secretary Class of securities : Options in respect of ordinary shares Number of options granted : 100 000 Option strike price : R10,48 cents Period of exercise : A maximum of 33,3% is exercisable on the 3rd anniversary, a further maximum of 33,3% is exercisable on the 5th anniversary and the balance is
exercisable on the 7th anniversary Vesting details : On exercise of the options Total value of transaction : R1 048 000 Nature of interest : Direct beneficial Clearance obtained : Yes Richards Bay 18 March 2010 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18/03/2010 10:16:05 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.
