M & S HOLDINGS LIMITED - Dealing in securities by an associate of a director

Dealing in securities by an associate of a director

M&S Holdings Limited
(Formerly Top Fix Holdings Limited)
Incorporated in the Republic of South Africa
Registration number 2006/011359/06
Share code: MSA
ISIN code: ZAE000165411

DEALING IN M&S HOLDINGS LIMITED SECURITIES BY AN ASSOCIATE OF A DIRECTOR

In compliance with rules 3.63 to 3.74 of the JSE            Limited   Listings
Requirements, the following information is disclosed:

NAME OF DIRECTOR                      N de Waal
STATUS:EXECUTIVE/NON-EXECUTIVE        Non-Executive
TYPE OF SECURITIES                    Shares
CLASS OF SECURITIES                   Ordinary
DATE OF TRANSACTION                   25 February 2013
CENTS PER SHARE                       84
NUMBER OF SECURITIES TRANSACTED       55 269
TOTAL RAND VALUE OF SECURITIES        R46 425.96
NAME OF ASSOCIATE                     PSG Private Equity Consortium (RF)
                                      Proprietary Limited
RELATIONSHIP WITH DIRECTOR            Director and shareholder
NATURE OF TRANSACTION                 Acquisition of shares by an associate
                                      of the director(On-market transaction)
NATURE AND EXTENT OF INTEREST IN      Indirect, beneficial
THE TRANSACTION
CLEARANCE OBTAINED                    Not required


26 February 2013

Designated adviser
Sasfin Capital
(a division of Sasfin Bank Limited)

Corporate adviser
PSG Capital

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