BEL - Bell Equipment Limited - Acceptance of options by directors

BEL - Bell Equipment Limited - Acceptance of options by directors               
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 DIRECTORS                                              
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Director                      :    Andre McDuling                               
Company                       :    Bell Equipment Limited                       
Date of transaction           :    15 March 2011                                
Nature of transaction         :    Off market acceptance of options             
granted to the director                                                         
Class of securities           :    Options in respect of ordinary shares        
Number of options granted     :    50 000                                       
Option strike price           :    R13,06                                       
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 of         
the grant date                                                                  
Vesting details               :    On exercise of the options                   
Total value of transaction    :    R653 000                                     
Nature of                                                                       
director`s interest           :    Direct beneficial                            
Clearance obtained            :    Yes                                          
Director                      :    Leon Goosen                                  
Company                       :    Bell Equipment Limited                       
Date of transaction           :    15 March 2011                                
Nature of transaction         :    Off market acceptance of options             
granted to the director                                                         
Class of securities           :    Options in respect of ordinary shares        
Number of options granted     :    50 000                                       
Option strike price           :    R13,06                                       
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 of         
the grant date                                                                  
Vesting details               :    On exercise of the options                   
Total value of transaction    :    R653 000                                     
Nature of                                                                       
director`s interest           :    Direct beneficial                            
Clearance obtained            :    Yes                                          
Richards Bay                                                                    
15 March 2011                                                                   
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 15/03/2011 15:12:00 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.