Dealings by directors -Share Options Master Drilling Group Limited (Formerly Nicaud Companies 124 (Pty) Limited) (Incorporated in the Republic of South Africa) (Registration number 2011/008265/06) JSE share code: MDI ISIN: ZAE000171948 (“Master Drilling” or the “Company”) DIRECTORS DEALING In compliance with the terms of paragraph 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the Company hereby discloses the following directors’ dealings in the Company’s shares relating to Options granted and accepted in terms of the Master Drilling’s Share Option Plan: The directors’ dealings are in line with the Company’s Pre – Listing Statement, and were recommended by the Remuneration Committee and ultimately approved by the Board of Directors as an initiative to each of the Executive Directors as part of a long term incentive scheme. Name of director: Mr Daniel Coenraad Pretorius Designation: Chief Executive Officer Date of transaction: 29 November 2013 Class of securities: Options in respect of Ordinary Shares Price: 892 cents per share Number of securities: 500 0000 Total value: R4 460 000 Nature of interest: Direct beneficial Nature of Grant and acceptance of Share transaction: Options as defined in the Share Option Plan – off market trade Date of Expiry: Exercisable in tranches as defined in the Share Option Scheme Clearance obtained: Yes Name of director: Mr Andre Jean van Deventer Designation: Executive Director Date of transaction: 29 November 2013 Class of securities: Options in respect of Ordinary Shares Price: 892 cents per share Number of securities: 500 000 Total value: R4 460 000 Nature of interest: Direct beneficial Nature of Grant and acceptance of Share transaction: Options as defined in the Share Option Plan– off market trade Date of Expiry: Exercisable in tranches as defined in the Share option Plan Clearance obtained: Yes Name of director: Mr Gareth Robert Sheppard Designation: Executive Director Date of transaction: 29 November 2013 Class of securities: Options in respect of Ordinary Shares Price: 892 cents per share Number of securities: 500 000 Total value: R4 460 000 Nature of interest: Direct beneficial Nature of Grant and acceptance of Share transaction: Options as defined in the Share Option Plan – off market trade Date of Expiry: Exercisable in tranches as defined in the Share Option Plan Clearance obtained: Yes Name of director: Mr Barend Jacobus Jordaan Designation: Executive Director Date of transaction: 29 November 2013 Class of securities: Options in respect of Ordinary Shares Price: 892 cents per share Number of securities: 500 000 Total value: R4 460 000 Nature of interest: Direct beneficial Nature of Grant and acceptance of Options transaction: as defined in the Share Option Plan – off market trade Date of Expiry: Exercisable in tranches as defined in Share Option Plan Clearance obtained: Yes 29 November 2013 Sponsor: Sasfin Capital (a division of Sasfin Bank Limited) Date: 29/11/2013 03:05:00 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.