SPG - Super Group Limited - Grants to and acceptances of options by executive

SPG - Super Group Limited - Grants to and acceptances of options by executive   
directors, the group company secretary and a director of a material subsidiary  
under Share Incentive arrangements                                              
Super Group Limited                                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1943/016107/06)                                           
Share code: SPG                                                                 
ISIN: ZAE000011334                                                              
("Super Group")                                                                 
GRANTS TO AND ACCEPTANCES OF OPTIONS BY EXECUTIVE DIRECTORS, THE GROUP COMPANY  
SECRETARY AND A DIRECTOR OF A MATERIAL SUBSIDIARY UNDER SHARE INCENTIVE         
ARRANGEMENTS                                                                    
In compliance with rule 3.63 to 3.66 of the Listings Requirements, shareholders 
are advised that the executive directors and the group company secretary of     
Super Group and a director of a material subsidiary of Super Group have, in     
terms of the Share Appreciation Right Scheme 2005 ("the Scheme"), been granted  
rights to receive shares which grants have been accepted.                       
Shareholder approval of the Scheme was obtained at the 2005 Annual General      
Meeting.  All rights have conditions attached and are subject to the rules of   
the Scheme.  The Remuneration Committee approved the grants and the required    
clearance in terms of the Listings Requirements was obtained.                   
The Scheme supports the principle of aligning management and shareholder        
interests.  Performance conditions governing the vesting of these rights are    
intended to be stretching but achievable.  The performance conditions are       
related to headline earnings per share increasing by 2% per annum above the     
Consumer Price Inflation Index over the three year performance period ending    
June 2013. The grants are conditional upon the participant remaining employed   
during the performance period.                                                  
We refer to the SENS issued on 2 March 2011. At that time the full allocation of
options, as approved by the Remuneration Committee at its meeting in February,  
was not allocated as a result of a required change to the rules of the Scheme.  
The change required the approval by Super Group shareholders which was proposed 
at the Company`s Annual General Meeting on 25 November 2011 and the necessary   
approval was obtained. The allocation below is the balance as approved by the   
Remuneration Committee.                                                         
The rights granted to and accepted by the following directors and officers vest 
upon confirmation that the performance conditions have been fulfilled.          
Name of director  Number of Share Appreciation Rights  Nature of interest       
P Mountford        6 400 000                           Direct, beneficial       
C Brown            5 200 000                           Direct, beneficial       
N Redford (1)      2 000 000                           Direct, beneficial       
P Smith(2)         3 200 000                           Direct, beneficial       
Total             16 800 000                                                    
Date of acceptance      1 December 2011                                         
Nature of transaction   Grant and acceptance of Share Appreciation Rights       
Class of securities     Ordinary shares                                         
Price                   R0.73                                                   
Vesting date            Following approval by the Remuneration Committee        
                       based on the audited results for the year ended 30       
                       June 2013                                                
(1) N Redford is the Group Company Secretary                                    
(2) P Smith is a director of Super Group Trading (Proprietary) Limited.         
The required clearance per section 3.66 of the Listings Requirements was        
obtained.                                                                       
Sandton                                                                         
1 December 2011                                                                 
Sponsor: Deutsche Securities (SA) (Pty) Limited                                 
Date: 01/12/2011 15:25:01 Supplied by www.sharenet.co.za                     
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