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AVU - Avusa Limited - Acceptance of Share-Based Incentives by executive directors, company secretary and directors of a major subsidiary AVUSA LIMITED Incorporated in the Republic of South Africa (Registration number: 2008/002461/06) Share code: AVU ISIN code: ZAE000115895 ("Avusa") ACCEPTANCE OF SHARE-BASED INCENTIVES BY EXECUTIVE DIRECTORS, COMPANY SECRETARY AND DIRECTORS OF A MAJOR SUBSIDIARY In terms of paragraphs 3.63 - 3.70 of the Listings Requirements of the JSE Limited, the following information relating to the acceptance of share-based incentives by executive directors, the company secretary and directors of a major subsidiary, is disclosed: Executive director Prakash Desai Company of which a director Avusa Transaction date 30 September 2011 Class of securities Share appreciation rights Number of securities 78 453 Allocation price R22,77 per right Value of transaction R1 786 374,81 Vesting period Share appreciation rights vest in three years subject to the fulfilment of a performance condition Nature of transaction Grant and acceptance of share appreciation rights (off-market) Extent of interest Direct beneficial Written clearance to deal Yes Executive director Prakash Desai Company of which a director Avusa Transaction date 30 September 2011 Class of securities Conditional awards Number of securities 78 453 Allocation price Nil per conditional award Value of transaction Conditional award Vesting period Conditional awards vest in three years subject to the fulfilment of a performance condition
Nature of transaction Grant and acceptance of conditional awards (off-market) Extent of interest Direct beneficial Written clearance to deal Yes Executive director Prakash Desai Company of which a director Avusa Transaction date 30 September 2011 Class of securities Conditional matching awards Number of securities 38 834 Allocation price Nil per conditional matching award Value of transaction Conditional matching award Vesting period Conditional matching awards vest in three years subject to still being in the employ of Avusa Nature of transaction Grant and acceptance of conditional matching awards (off-market)
Extent of interest Direct beneficial Written clearance to deal Yes Executive director Howard Benatar Company of which a director Avusa Transaction date 30 September 2011 Class of securities Share appreciation rights Number of securities 27 352 Allocation price R22,77 per right Value of transaction R622 805,04 Vesting period Share appreciation rights vest in three years subject to the fulfilment of a performance condition
Nature of transaction Grant and acceptance of share appreciation rights (off-market) Extent of interest Direct beneficial Written clearance to deal Yes Executive director Howard Benatar Company of which a director Avusa Transaction date 30 September 2011 Class of securities Conditional awards Number of securities 27 352 Allocation price Nil per conditional award Value of transaction Conditional award Vesting period Conditional awards vest in three years subject to the fulfilment of a performance condition Nature of transaction Grant and acceptance of conditional awards (off-market) Extent of interest Direct beneficial Written clearance to deal Yes Executive director Howard Benatar Company of which a director Avusa Transaction date 30 September 2011 Class of securities Conditional matching awards Number of securities 9 565 Allocation price Nil per conditional matching award Value of transaction Conditional matching award Vesting period Conditional matching awards vest in three years subject to still being in the employ of Avusa Nature of transaction Grant and acceptance of conditional matching awards (off-market)
Extent of interest Direct beneficial Written clearance to deal Yes Company secretary Joanne Matisonn Company of which company secretary Avusa Transaction date 30 September 2011 Class of securities Share appreciation rights Number of securities 13 093 Allocation price R22,77 per right Value of transaction R298 127,61 Vesting period Share appreciation rights vest in three years subject to the fulfilment of a performance
condition Nature of transaction Grant and acceptance of share appreciation rights (off-market) Extent of interest Direct beneficial Written clearance to deal Yes Company secretary Joanne Matisonn Company of which company secretary Avusa Transaction date 30 September 2011 Class of securities Conditional awards Number of securities 7 274 Allocation price Nil per conditional award Value of transaction Conditional award Vesting period Conditional awards vest in three years subject to the fulfilment of a performance condition Nature of transaction Grant and acceptance of conditional awards (off-market) Extent of interest Direct beneficial Written clearance to deal Yes Subsidiary director Michael Robertson Subsidiary of which a director Avusa Media Limited Transaction date 30 September 2011 Class of securities Share appreciation rights Number of securities 28 567 Allocation price R22,77 per right Value of transaction R650 470,59 Vesting period Share appreciation rights vest in three years subject to the fulfilment of a performance condition Nature of transaction Grant and acceptance of share appreciation rights (off-market)
Extent of interest Direct beneficial Written clearance to deal Yes Subsidiary director Michael Robertson Subsidiary of which a director Avusa Media Limited Transaction date 30 September 2011 Class of securities Conditional awards Number of securities 25 393 Allocation price Nil per conditional award Value of transaction Conditional award Vesting period Conditional awards vest in three years subject to the fulfilment of a performance condition
Nature of transaction Grant and acceptance of conditional awards (off-market) Extent of interest Direct beneficial Written clearance to deal Yes Executive director Michael Robertson Company of which a director Avusa Media Limited Transaction date 30 September 2011 Class of securities Conditional matching awards Number of securities 9 427 Allocation price Nil per conditional matching award Value of transaction Conditional matching award Vesting period Conditional matching awards vest in three years subject to still being in the employ of Avusa Nature of transaction Grant and acceptance of conditional matching awards (off market)
Extent of interest Direct beneficial Written clearance to deal Yes Subsidiary director Ashok Lachman Subsidiary of which a director Avusa Media Limited Transaction date 30 September 2011 Class of securities Share appreciation rights Number of securities 18 749 Allocation price R22,77 per right Value of transaction R426 914,73 Vesting period Share appreciation rights vest in three years subject to the fulfilment of a performance
condition Nature of transaction Grant and acceptance of share appreciation rights (off-market) Extent of interest Direct beneficial Written clearance to deal Yes Subsidiary director Ashok Lachman Subsidiary of which a director Avusa Media Limited Transaction date 30 September 2011 Class of securities Conditional awards Number of securities 10 416 Allocation price Nil per conditional award Value of transaction Conditional award Vesting period Conditional awards vest in three years subject to the fulfilment of a performance condition Nature of transaction Grant and acceptance of conditional awards (off-market) Extent of interest Direct beneficial Written clearance to deal Yes Johannesburg 3 October 2011 Sponsor Nedbank Capital Date: 03/10/2011 16:06:03 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.
