Granting of conditional share awards in terms of the 2008 Bidvest Conditional Share Plan 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 2018. Subject to performance, vesting will occur in September 2018 and September 2019. The remuneration Committee has given approval for the following individual allocations. Conditional share awards are as follows: Executive Directors: B L Berson 35 000 conditional share awards D E Cleasby 19 000 conditional share awards B Joffe 70 000 conditional share awards L P Ralphs 35 000 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: 40 000 Strike Price of options R301.54 Total Value R12 061 600.00 Date of Acceptance December 11, 2015 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: 40 000 Strike Price of options R301.54 Total Value R12 061 600.00 Date of Acceptance December 11, 2015 Nature of transaction Acceptance of options – off market Class of shares Ordinary Nature of interest Direct beneficial Executive Director: Gillian Claire McMahon Number of Options: 30 000 Strike Price of options R301.54 Total Value R9 046 200.00 Date of Acceptance December 11, 2015 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: 5 000 Strike Price of options R301.54 Total Value R1 507 700.00 Date of Acceptance December 11, 2015 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: December 11 2015 Johannesburg Sponsor: Investec Date: 11/12/2015 05:12:00 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.