Awarding of shares to directors in terms of Long Term Incentive Plan BUILDMAX LIMITED Incorporated in the Republic of South Africa (Registration No. 1995/012209/06) Share Code: BDM ISIN Code: ZAE000011250 ("Buildmax" or the Company) Awarding of shares to directors in terms of Long Term Incentive Plan In compliance with paragraph 3.63 to 3.66 of the JSE Limited Listings Requirements, shareholders are hereby notified that the following Buildmax shares were awarded to the following directors of the Company in terms of the Companys Long Term Incentive Plan (LTIP). The following information is relevant to the shares awarded to the directors detailed below: i. the strike price per share is nil; ii. the shares will be held by an escrow agent until such time as the shares vest, which will be when the Buildmax board of directors Remuneration Committee confirms that the criteria as set out in the LTIP have been met by the respective individuals; iii.60% of the allocation is linked to performance and will vest as follows: * 50% will vest in May 2013 after reviewing the year end results for the financial year ending 28 February 2013; and * 50% will vest in May 2014 after reviewing the year end results for the financial year ending 28 February 2014; and iv. 40% of the allocation is linked to co-investment and subject to tenure, as determined by the LTIP. The details of the LTIP awards are as follows: Name of director: Terry Bantock Category of director: Executive Director Date of awarding of shares in terms of LTIP: 11 December 2012 Number of securities awarded: 52 500 000 Consideration paid for securities: R nil Nature of transaction: Award in terms of LTIP Interest (direct or indirect): Direct beneficial, subject to vesting as explained above Clearance given in terms of Paragraph 3.66: YES Name of director: Christiaan Els Category of director: Executive Director Date of awarding of shares in terms of LTIP: 11 December 2012 Number of securities awarded : 35 000 000 Consideration paid for securities: R nil Nature of transaction: Award in terms of LTIP Interest (direct or indirect): Direct beneficial, subject to vesting as explained above Clearance given in terms of Paragraph 3.66: Yes Benoni 13 December 2012 Sponsor QuestCo (Pty) Limited Date: 13/12/2012 01:33:00 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.