Dealing 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") DEALING 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 dealing in securities by a director should be noted: Name of company : CHEMICAL SPECIALITIES LIMITED Name of director : Baron Schreuder, an executive director of Chemspec Class of securities : Options in Chemspec Nature of transactions : Grant of options Nature of interests : Direct beneficial No of options : 5 000 000 Option strike price : 31 cents per option Option strike date : 15 January 2014 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 : R1 550 000 Name of company : CHEMICAL SPECIALITIES LIMITED Name of director : Bruce Mackinnon, an executive director of Chemspec Class of securities : Options in Chemspec Nature of transactions : Grant of options Nature of interests : Direct beneficial No of options : 3 250 000 Option strike price : 31 cents per option Option strike date : 15 January 2014 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. Value of transaction : R1 007 500 Name of company : CHEMICAL SPECIALITIES LIMITED Name of director : Jonathan Maehler, an executive financial director of Chemspec Class of securities : Options in Chemspec Nature of transactions : Grant of options Nature of interests : Direct beneficial No of options : 3 250 000 Option strike price : 31 cents per option Option strike date : 15 January 2014 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. Value of transaction : R1 007 500 Name of company : CHEMICAL SPECIALITIES LIMITED Name of director : Gerard Metzer, an executive director of Chemspec Class of securities : Options in Chemspec Nature of transactions : Grant of options Nature of interests : Direct beneficial No of options : 3 250 000 Option strike price : 31 cents per option Option strike date : 15 January 2014 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. Value of transaction : R1 007 500 * Clearance to trade has been obtained in terms of section 3.66 of the Listings Requirements. Johannesburg 15 January 2014 Designated Advisor: Grindrod Bank Limited Date: 15/01/2014 02:35:00 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.