CHEMICAL SPECIALITIES LIMITED - Dealings in securities by directors

Dealings in securities by directors

Chemical Specialities Limited
Incorporated in the Republic of South Africa
Registration number 2005/039947/06
Share code: CSP
ISIN: ZAE000109427
("Chemspec" or "the Company")



DEALINGS IN SECURITIES BY DIRECTORS



In accordance with the requirements of paragraph 3.63 to 3.74 of the
JSE Limited Listings Requirements (“Listings Requirements”), the
following dealings in securities by directors should be noted:


1.
Name of company               :   CHEMICAL SPECIALITIES LIMITED
Name of director              :   B Schreuder, CEO and      executive
                                  director of Chemspec
Class of securities           :   Options in Chemspec
Nature of transaction         :   Grant of options
Nature of interests           :   Direct beneficial
No of options                 :   10 million
Option strike price           :   55 cents per option
Option strike date            :   3 January 2013
Period of exercise and/or         * after 3 years have elapsed from
vesting                             the date on which the option is
                                    granted, in respect of not more
                                    than one-third of the shares
                                    which are the subject of that
                                    option;
                                  * after 4 years have elapsed from
                                    the date on which the option is
                                    granted, in respect of not more
                                    than two-thirds of the shares
                                    which are the subject of that
                                    option; and
                                  * after 5 years have elapsed from
                                    the date on which the option is
                                    granted, in respect of all the
                                    shares which are the subject of
                                    that option.


Total value of transaction    :   R5,500,000
2.
Name of company              :   CHEMICAL SPECIALITIES LIMITED
Name of director             :   G Metzer, an executive director of
                                 Chemspec
Class of securities          :   Options in Chemspec
Nature of transaction        :   Grant of options
Nature of interests          :   Direct beneficial
No of options                :   6.5 million
Option strike price          :   55 cents per option
Option strike date           :   3 January 2012
Period of exercise and/or        * after 3 years have elapsed from
vesting                            the date on which the option is
                                   granted, in respect of not more
                                   than one-third of the shares
                                   which are the subject of that
                                   option;
                                 * after 4 years have elapsed from
                                   the date on which the option is
                                   granted, in respect of not more
                                   than two-thirds of the shares
                                   which are the subject of that
                                   option; and
                                 * after 5 years have elapsed from
                                   the date on which the option is
                                   granted, in respect of all the
                                   shares which are the subject of
                                   that option.
Total value of transaction   :   R3,575,000


*    Clearance to trade has been obtained in terms of section 3.66
     of the Listings Requirements.

Durban
03 January 2012

Designated Advisor:
Grindrod Bank Limited

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