ELB GROUP LIMITED - Exercise of options by directors of a major subsidiary

Exercise of options by directors of a major subsidiary

ELB GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1930/002553/06)
ISIN: ZAE000035101
Share Code: ELR

EXERCISE OF OPTIONS BY DIRECTORS OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director                      :    ANTONIO MANUEL MAIA PINTO
Company                       :    ELB ENGINEERING SERVICES (PTY) LIMITED (a
                                   major subsidiary of ELB GROUP LIMITED)
Date of transaction           :    20 September 2012
Nature of transaction         :    Exercise of options
Class of securities           :    Options in respect of ordinary shares
Number of options exercised   :    9000
Option strike price           :    1250 cents
Vesting                       :    Immediate upon exercise of options
Total value of transaction    :    R112 500
Nature of interest            :    Direct beneficial
Clearance obtained            :    Yes
Transaction completed         :    Off market

Director                      :    JOLANDI SALOMONS
Company                       :    ELB ENGINEERING SERVICES (PTY) LIMITED (a
                                   major subsidiary of ELB GROUP LIMITED)
Date of transaction           :    21 September 2012
Nature of transaction         :    Exercise of options
Class of securities           :    Options in respect of ordinary shares
Number of options exercised   :    7000
Option strike price           :    1250 cents
Vesting                       :    Immediate upon exercise of options
Total value of transaction    :    R87 500
Nature of interest            :    Direct beneficial
Clearance obtained            :    Yes
Transaction completed         :    Off market

Director                      :    JOLANDI SALOMONS
Company                       :    ELB ENGINEERING SERVICES (PTY) LIMITED (a
                                   major subsidiary of ELB GROUP LIMITED)
Date of transaction           :    21 September 2012
Nature of transaction         :    Exercise of options
Class of securities           :    Options in respect of ordinary shares
Number of options exercised   :    4000
Option strike price           :    1289 cents
Vesting                       :    Immediate upon exercise of options
Total value of transaction    :    R51 560
Nature of interest            :    Direct beneficial
Clearance obtained            :    Yes
Transaction completed         :    Off market

Boksburg
21 September 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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