TASTE HOLDINGS LIMITED - Acceptance of share options by a director

Acceptance of share options by a director

TASTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/002239/06)
JSE code: TAS
ISIN: ZAE000081162)
("Taste Holdings" or “the Company”)


ACCEPTANCE OF SHARE OPTIONS BY A DIRECTOR
CF Gonzaga has accepted share options in terms of an offer made by the board of directors of Taste Holdings.
The strike price of the options was calculated as per the provisions of the Taste Holdings Trust Deed and has
been done in terms of the existing Taste Holdings Share Option Scheme to executives, which was
implemented in May 2010. As a result, and in compliance with paragraphs 3.63 to 3.74 of the JSE Listings
Requirements, the following is disclosed:
Name of director:                                       CF Gonzaga
Nature of transaction:                                  Acceptance of share options off market
Class of securities to which options relate:            Ordinary shares
Number of securities to which options relate:           500 000 shares
Strike price per share option:                          R0.43
Total value of options granted:                          R215 000
Date share options grant accepted:                       29 August 2012
Vesting period:                                         In three equal tranches in June 2013, June 2014, and
                                                        June 2015. Once vesting of a tranche has been
                                                        triggered, a third of the options within the tranche
                                                        will vest one year after vesting was triggered, a third
                                                        two years after vesting was triggered and a third
                                                        three years after vesting was triggered.
                                                        The options must be exercised within five years of
                                                        vesting having been triggered.
Extent of director’s interest:                           Direct beneficial
Clearance to deal obtained:                              Yes


30 August 2012
Johannesburg
Sponsor
Vunani Corporate Finance

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