Granting of conditional share awards and acceptance of share options by directors and company secretary THE BIDVEST GROUP LIMITED (“Bidvest”) (Incorporated in the Republic of South Africa) Registration number: 1946/021180/06 Share code: BVT ISIN ZAE 000117321 GRANTING OF CONDITIONAL SHARE AWARDS IN TERMS OF THE 2008 BIDVEST CONDITIONAL SHARE PLAN Executive Directors have been awarded Conditional Share Awards in terms of the 2008 Bidvest Group Conditional Share Plan, approved by shareholders at the annual general meeting in November 2008. Conditional Share Awards are subject to performance conditions for the period ending June 30 2016. Subject to performance, vesting will occur in September 2016 and September 2017. The remuneration Committee has given approval for the following individual allocations. Conditional share awards are as follows: Executive Directors: B L Berson 45 000 conditional share awards D E Cleasby 25 000 conditional share awards B Joffe 100 000 conditional share awards L P Ralphs 50 000 conditional share awards ACCEPTANCE OF SHARE OPTIONS BY DIRECTORS AND COMPANY SECRETARY In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements, the following information is disclosed: The following executive directors have accepted share options in terms of the Bidvest Incentive Scheme as follows: Executive Director: Anthony William Dawe Number of Options: 50 000 Strike Price of options R237.54 Total Value R11 877 000.00 Date of Acceptance March 28, 2014 Nature of transaction Acceptance of options – off market Class of shares Ordinary Nature of interest Direct beneficial Executive Director: Nompumelelo Themekile Madisa Number of Options: 25 000 Strike Price of options R237.54 Total Value R5 938 500.00 Date of Acceptance March 28, 2014 Nature of transaction Acceptance of options – off market Class of shares Ordinary Nature of interest Direct beneficial The Company Secretary has accepted share options in terms of the Bidvest Incentive Scheme as follows: Company Secretary: Craig Andrew Brighten Number of Options: 10 000 Strike Price of options R237.54 Total Value R2 375 400.00 Date of Acceptance March 28, 2014 Nature of transaction Acceptance of options – off market Class of shares Ordinary Nature of interest Direct beneficial Clearance in terms of para 3.66 of the listings requirements was obtained from the Remuneration Committee of The Bidvest Group Limited. Date: March 28, 2014 Johannesburg Sponsor: Investec Date: 28/03/2014 03:30:00 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.