Granting of share options to staff and Executive Directors SANTOVA LIMITED (Registration number: 1998/018118/06) Share code: SNV ISIN: ZAE000159711 ("Santova" or "the Company") GRANTING OF SHARE OPTIONS TO STAFF AND EXECUTIVE DIRECTORS Shareholders are advised that in terms of the approved Group Share Option Schemes, 3 221 000 share options in total, have been granted by the Company to certain eligible employees of the Group, including directors of Santova and its subsidiaries. In accordance with the requirements of paragraph 3.63 - 3.74 of the JSE Listings Requirements, notice is hereby given that included in the above tranche of options, were the following share options which were granted to the Executive Directors of the Company and of its major subsidiaries: Name of Director: GH Gerber Name of Company: Santova Limited Designation: Executive Director and Chief Executive Officer Option date: 22 February 2016 Number of shares: 1 000 000 Option price: 415 cents per share Total value: R4 150 000 Class of securities: Ordinary shares Nature of transaction: Off market grant of options Nature of interests: Direct beneficial Exercise date: These options may only be exercised after periods of 3-5 years have elapsed from the option date Name of Director: AL Van Zyl Name of Company: Santova Limited Designation: Executive Director Option date: 22 February 2016 Number of shares: 300 000 Option price: 415 cents per share Total value: R1 245 000 Class of securities: Ordinary shares Nature of transaction: Off market grant of options Nature of interests: Direct beneficial Exercise date: These options may only be exercised after periods of 3-5 years have elapsed from the option date Name of Director: DC Edley Name of Company: Santova Limited Designation: Group Financial Director Option date: 22 February 2016 Number of shares: 300 000 Option price: 415 cents per share Total value: R1 245 000 Class of securities: Ordinary shares Nature of transaction: Off market grant of options Nature of interests: Direct beneficial Exercise date: These options may only be exercised after periods of 3-5 years have elapsed from the option date Name of Director: AKG Lewis Name of Company: Santova Logistics (Pty) Limited Designation: Executive Director Option date: 22 February 2016 Number of shares: 451 000 Option price: 415 cents per share Total value: R1 871 650 Class of securities: Ordinary shares Nature of transaction: Off market grant of options Nature of interests: Direct beneficial Exercise date: These options may only be exercised after periods of 3-5 years have elapsed from the option date Name of Director: M Desai Name of Company: Santova Logistics (Pty) Limited Designation: Financial Director Option date: 22 February 2016 Number of shares: 150 000 Option price: 415 cents per share Total value: R622 500 Class of securities: Ordinary shares Nature of transaction: Off market grant of options Nature of interests: Direct beneficial Exercise date: These options may only be exercised after a period of 5 years has elapsed from the option date Clearance for this transaction was provided in terms of section 3.66 of the JSE Listings Requirements. Durban 23 February 2016 Sponsor River Group Date: 23/02/2016 04:45:00 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.