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CONSOLIDATED INFRASTRUCTURE GRP LTD - Acceptance of options by directors a a major subsidiary

Release Date: 31/08/2012 16:03
Code(s): CIL     PDF:  
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Acceptance of options by directors a a major subsidiary

Consolidated Infrastructure Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/004935/06)
Share code: CIL ISIN: ZAE000148201
(“Consolidated” or “the company”)

ACCEPTANCE OF OPTIONS BY DIRECTORS OF A MAJOR SUBSIDIARY

Shareholders are advised that options in respect of Consolidated ordinary
shares have been accepted by directors of a major subsidiary of the
company, Consolidated Power Projects (Proprietary) Limited (“Conco”), on
the basis set out below.

All of the options granted have the following characteristics:

Date of acceptance:                   31 August 2012
Vesting periods:                      25% per year for 4 years
Nature and extent of director’s
interest:                             Direct beneficial
Clearance to deal received:           Yes

Options at a strike price of R7.00 were granted as follows:

Name of director                      Number of options accepted
David Van Zyl                         150 000
Retief De Villiers                    100 000
Leon Heymans                           50 000
Sweetman Siluleko Gesha                50 000
Mario Prasti                           50 000

Options at a strike price of R8.00 were granted as follows:

Name of director                      Number of options accepted
David Van Zyl                         160 000
Retief De Villiers                    100 000
Leon Heymans                           50 000
Sweetman Siluleko Gesha                50 000
Mario Prasti                           50 000

Additional vesting condition:         Conco achieving a 15% real growth in
                                      EBITDA for 100% of the options to
                                      vest

31 August 2012

Sponsor
Java Capital

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